Brokerages forecast that Gener8 Maritime Inc (NASDAQ:GNRT) will report $49.49 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Gener8 Maritime’s earnings.
The Ernst Russ Group has successfully completed another transaction and acquired two container ships with capacities of 2,450 TEU and 2,785 TEU and an average age of just under 12 years. ABN AMRO – Global Transportation & Logistics provided financing to Ernst Russ. Purchase price for the two container ships is undisclosed.
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that the Company has refinanced US$74.9 million loans outstanding, with a new loan facility of US$49.6 million and cash on hand of US$17.0 million, resulting in a debt write off of about US$8.3 million.
U.S. crude oil prices rose above $50 per barrel on Monday and were near last week's multi-month highs as the number of U.S. rigs drilling for new production fell and refineries continued to restart after getting knocked out by Hurricane Harvey.
The chances of Wolfgang Schaeuble returning as German finance minister are rising as the Sept. 24 election approaches and politicians from rival parties play down the prospect of unseating the wily veteran.
The Nigerian Chamber of Shipping (NCS), has sealed an agreement with the African Finance Corporation (AFC), for alternative financing facilities for ship and maritime asset management in Nigeria.
Teekay LNG Partners L.P. today announced the completion of an $816 million(1) long-term debt facility to finance all six of the Partnership’s 50-percent owned ARC7 LNG carrier newbuildings, the first vessel of which is scheduled to deliver in January 2018, and the remaining vessels through to early-2020. These newbuildings will service the Yamal LNG project under charter contracts with firm charter periods out to 2045 plus option periods.
The head of Libya's U.N.-backed government held a rare meeting on Saturday with the head of the National Oil Corporation (NOC) and the governor of Tripoli's ce
Brazil and Guyana dominate the low end of the cost curve for pre-final investment decision projects. Both yield giant oil discoveries in world-class reservoirs – a winning combination that delivers outstanding project economics. Spectacular bids for Brazil pre-salt acreage in September prove that an industry that’s capital constrained still lusts after these resource sweet spots
“Many global financial institutions have committed to bringing their portfolios in line with the transition to a low-carbon economy. To fully achieve this, they must address the climate risks to hundreds of billions of dollars in shipping investments that will emerge as soon as 2023.” - Maurice Meehan, Director of Global Shipping Operation, Carbon War Room
Charter rates for oil tankers bound for East Asia are falling, as crude prices remain sluggish even with last week’s decision by major producers to extend output cuts.