Finance

  • 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.

  • Global Energy vessel purchase just about complete

    Global Energy Development announced on Monday that, further to its announcement on 16 January, the foreclosure process associated with the Transaction B Assets was now complete and the assets had been transferred to Maritime Finance.

  • Cosco Shipping lost 1.44 billion USD in 2016

    The net loss of Cosco Shipping Holdings in 2016 amounted to 9.9 billion CNY (1.44 billion USD), according to preliminary assessment and non-audited finance statement. The Chinese largest shipping company explains the loss with the low growth in demand for container shipping in the world market, as well as the continuing oversupply of tonnage. Cosco Shipping Holdings noted that the industry’s efforts to balance supply and demand were proved as unsuccessful. As a result the weak market throughput and low growth of container traffic lagged behind the pace of traffic growth and costs. This continue to affect the finance statements and hurt the liquidity of the container shipping companies.

  • Cosco Shipping lost 1.44 billion USD in 2016

    The net loss of Cosco Shipping Holdings in 2016 amounted to 9.9 billion CNY (1.44 billion USD), according to preliminary assessment and non-audited finance statement. The Chinese largest shipping company explains the loss with the low growth in demand for container shipping in the world market, as well as the continuing oversupply of tonnage. Cosco Shipping Holdings noted that the industry’s efforts to balance supply and demand were proved as unsuccessful. As a result the weak market throughput and low growth of container traffic lagged behind the pace of traffic growth and costs. This continue to affect the finance statements and hurt the liquidity of the container shipping companies.

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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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