Finance

  • Scorpio Tankers Inc. Announces Fourth Quarter Loss

    For the three months ended December 31, 2016, the Company’s adjusted net loss (see Non-IFRS Measures section below) was $29.4 million, or $0.18 basic and diluted loss per share, which excludes a $0.2 million, or $0.00 per basic and diluted share, unrealized loss on derivative financial instruments. 

  • Global Shipping Meltdown Mauls German Banks,...

    When Commerzbank, Germany’s second largest bank, reported earnings on Thursday, it made another groan in direction of the collapsing maritime shipping industry. It raised its loan loss provisions to €900 million, as it said, “in timely response to the deterioration in the shipping markets.”

  • Report: Cyprus to take advantage of Brexit in...

    Cyprus must take advantage of Brexit to develop as a maritime and financial centre, Andreas Hadjiyiannis, president of the executive committee of the Cyprus Union of Shipowners, said on Wednesday, following a meeting with President Nicos Anastasiades, at the Presidential Palace.

  • Korea Bank Places 10 Hanjin Vessels for Sale

    Korea Development Bank, the main creditor of the dissolved Hanjin Shipping Co. and state-owned entity, has put 10 Hanjin vessels up for sale in order to source back elements of its extended loans, according to Korea Times.

  • DESSC: Fully funded restructuring plan for...

    AS, have agreed to work for a combination of Solstad Offshore ASA ("Solstad Offshore"), Farstad Shipping and Deep Sea Supply Plc ("Deep Sea Supply") following completion of the Farstad Restructuring, creating a world class OSV company (the "Combination").

  • Watson Farley & Williams advises Iccrea...

    International law firm Watson Farley & Williams (“WFW“) advised Iccrea Bancaimpresa S.p.A. (“Iccrea”), the corporate banking arm of Credito Cooperativo, on two financings for companies operating in the maritime sector that are part of Greece’s Zouros Group.

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Ship Finance International Limited’s (SFL) stock price is now at $14.25 Analysts’ mean recommendation stands at 2.90: Stock on the Run

Ship Finance International Limited (SFL), a part of Services sector and belongs to Shipping industry; ended its day with loss -2.73% and finalized at the price of $14.25. During its last trading session, Stock traded with the total exchanged volume of 0.86 million shares. The average volume stands around 0.83 million shares. The average numbers of shares are traded in a security per day, during the recent 3-month period. The stock has relative volume of 1.04. Relative volume is ratio between current volume and 3-month average value, intraday adjusted.

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RCL steps up port investment, this time in Penang

Penang Port will collaborate with Royal Caribbean Cruises (RCL) in a joint venture to upgrade and improve Swettenham Pier Cruise Terminal in Georgetown, Penang, to accommodate berthing of larger cruise ships at its facilities. The 60/40 joint venture will be jointly managed by both parties, with the majority stake held by Penang Port.

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Qatar's Milaha eyes investment in new markets

Milaha has put in place a multi-year strategy focusing on investment in new markets, especially South East Asian, and expansion such as foraying into truck trading to achieve medium and long-term growth, according to its top official.
 

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