German shipping finance provider HSH Nordbank has received more than ten expressions of interest from potential buyers in the lender which seeks to be sold within a year.
Merger could give Hapag-Lloyd access to bigger ships on the major Asia-to-Europe route; postponement seen but deal 'not at risk'
Experts disclose the current maritime finance challenges
Ship owners, operators, traders, financers, investors and maritime experts join together to discuss the positive signs of the maritime industry on the Middle East by addressing the financial opportunities in the market throughout the current political situation that is taking place worldwide
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.
German HSH Nordbank has provided Singapore’s containership owner and operator Rickmers Maritime with a deadline- April 15, 2017 – to present a concept that ensures a “higher level of total recoveries” than under a winding-up scenario of the firm.
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.
Zacks Investment Research upgraded shares of Gener8 Maritime Inc (NASDAQ:GNRT) from a sell rating to a hold rating in a research note issued to investors.
With the Baltic Dry Index (BDI) rebounding firmly and expectations abound that this is only the start of a new sustained recovery phase for the dry bulk market, ship owners are stocking up on new bulker acquisitions, in order to capitalize on the market’s rebound.
Dubai is looking into creating a $1 billion investment fund focused on shipping to develop the Gulf city's maritime sector and ride out a global industry downturn, three finance sources familiar with the plans say.
ProVise Management Group LLC continued to hold its position in Ship Finance International Limited (NYSE:SFL) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,500 shares of the shipping company’s stock at the end of the first quarter. ProVise Management Group LLC’s holdings in Ship Finance International Limited were worth $257,000 at the end of the most recent reporting period.
Norges Bank acquired a new stake in shares of Ship Finance International Limited (NYSE:SFL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 114,243 shares of the shipping company’s stock, valued at approximately $1,697,000. Norges Bank owned approximately 0.12% of Ship Finance International Limited at the end of the most recent reporting period.
The government started preparing the 2018 budget in January, Al Jadaan said
The world’s biggest container shipping company and Denmark’s largest issuer of corporate bonds may rely less on debt markets in the near future.
A.P. Moller-Maersk A/S has ample liquidity and plans to cut capital expenditure, both of which reduce the need for new bond sales, according to Chief Financial Officer Jakob Stausholm. He also pointed to the century-old conglomerate’s plans to sell its energy business as a complication that makes now an awkward time to tap debt markets.
The United States is close to completing a series of arms deals for Saudi Arabia totaling more than $100 billion, a senior White House official said, a week ahead of President Donald Trump's planned visit to Riyadh.