Oil and gas loans are weighing down bank balance sheets and they could cost Wall Street even more if the economy sours, according to a study released by U.S. regulators.
A deal between China and Sri Lanka over the Hambantota deep sea port may be done — finally. After nearly a year-long showdown that brought China and India into the ring and sparked tensions and even outright violence between the various facets of Sri Lanka’s political spectrum, the toboggle may now be over . . . at least on paper.
Beijing pushes ahead with spending and new shipping routes through Arctic circle. China is ramping up acquisitions of overseas ports as it expands its reach as a maritime power, doubling its investments over the past year to $20bn and pushing ahead with plans to open new shipping routes through the Arctic circle.
Dutch shipowner Vroon is finding talks with banks tough going as it tries to navigate a way out of a long slump in the shipping industry. But it is not an easy time for the lenders either.
American National Insurance Co. TX held its position in shares of Ship Finance International Limited (NYSE:SFL) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,700 shares of the shipping company’s stock at the end of the second quarter. American National Insurance Co. TX owned about 0.07% of Ship Finance International Limited worth $948,000 as of its most recent filing with the SEC.
According to Sushil Finance, expect crude oil prices to trade sideways on the back of profit booking after up move.
A government push to make France more “finance-friendly” is raising Paris’ chances of attracting Brexit-fleeing banks from London although it is raising its game at a late stage in the process, a group of senior financial industry executives said.
Dutch lender ING Groep NV has said it would not finance any of Canada's major pipeline projects, including TransCanada Corp's Keystone XL and Energy East and Enbridge Inc's Line 3, after pressure from activists.
J.P. Morgan Asset Management today announced the closing of its Global Maritime Investment Fund II with $480 million in capital commitments from a broad range of international institutional investors, including pension plans, insurance companies, and endowment and health care entities.
India’s Adani Enterprises said it will start work in October on its Carmichael coal project in Australia using A$400 million ($317 million) of its own funds, even as it looks to lock in financing for the controversial mine.
Ship Finance International Limited (NYSE:SFL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors.
Saudi Arabia and China plan to establish and operate jointly a $20 billion investment fund, sharing costs and profits on a 50:50 basis, Energy Minister Khalid Al-Falih said.
Bank of Montreal Can cut its stake in Ship Finance International Limited (NYSE:SFL) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).