Finance & Economy

This page features all the latest news from shipping finance, major banks, finance markets and the world economy.

Finance & Economy

Navios Holdings

July 27, 2021

Navios Holdings, a global seaborne shipping and logistics company, announced that on July 23, 2021, the Company completed the redemption of an aggregate principal amount...
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Grindrod

July 27, 2021

Grindrod Shipping, a global provider of maritime transportation services predominantly in the drybulk sector, announced a number of transactions relating to the acquisition of the...
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Nordea bank logo is seen on the Riga branch office June 10, 2013. REUTERS/Ints Kalnins

July 21, 2021

Nordea Bank beat second-quarter profit expectations on Wednesday as a booming mortgage market and higher assets under management offset increased costs at the Nordic region’s...
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john-fredriksen

July 21, 2021

Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil...
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Wärtsilä

July 21, 2021

Wärtsilä reported improved second quarter financial results. HIGHLIGHTS OF APRIL–JUNE 2021 • Order intake increased by 14% to EUR 1,154 million (1,011) • Service order...
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Pyxis

July 19, 2021

Pyxis Tankers announced the closing of its previously announced underwritten public offering of 308,487 shares of 7.75% Series A Cumulative Convertible Preferred Shares which trade...
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Milaha

July 16, 2021

Qatar Navigation (Milaha) Q.P.S.C. announced its financial results for the six months ended June 30, 2021. (more…)
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zim-haufa-zim-hong-kong-haifa-port

July 16, 2021

Seaspan, a wholly-owned subsidiary of Atlas, announced that it has successfully closed its previously announced issuance of $750 million in senior unsecured notes, upsized from...
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Panama Canal

July 15, 2021

The Panama Canal Authority says vessel transits are rebounding as global trade picks up after the Covid-19 pandemic. (more…)
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stena-bulk

July 14, 2021

Concordia Maritime has agreed upon a conditional agreement with Stena Bulk, or a nominated company within the group of companies, on time charter of all...
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The HMM Dublin, the largest container ship in the world in the port of Hamburg. A ship for the transport of goods which reflects the globilisation and the upswing.

July 13, 2021

HMM has secured a US$584 million facility from Standard Chartered to finance the acquisition of eight 16,000 TEU (20-foot equivalent unit) containerships. (more…)
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nakilat

July 13, 2021

Nakilat announced its financial results for the first half of the year ended 30 June 2021, with the company achieving a net profit of QR...
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marinakis

July 9, 2021

Vaggelis Marinakis’ Capital group has a mixed fleet of over 80 ships, including tankers, container ships and dry cargo. At the same time, the company...
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Avance Gas

July 8, 2021

Avance Gas announced the successful signing and completion of the $104 million sustainability-linked term facility with a bank syndicate previously announced in May 2021. (more…)
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TORM

July 7, 2021

With reference to Company Announcement no. 03 dated 01 March 2021 regarding the acquisition of eight 2007-2012 built MR product tanker vessels from Team Tankers...
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