Finance

  • Ship Finance International Limited’s (SFL) stock...

    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.

  • Bank Gives Rickmers Maritime Deadline for Revised...

    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. 

  • 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.

  • More than 30 dry bulk carriers are being sold...

    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. 

  • 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.
     

  • Seanergy Announces Proactive Covenant Deferral...

    Seanergy Maritime Holdings Corp. (the "Company") ( NASDAQ : SHIP ), announced today that it has entered into agreements with four of its senior lenders for the proactive waiver and deferral of the application date of certain major financial covenants. Based on these agreements the Company expects to be in compliance with all major applicable covenants concerning the Company and the respective borrowers or that such covenants will be waived and postponed until the second quarter of 2018.

  • Dry bulk ships’ prices are 25% higher, but...

    Shipowners’ demand for dry bulk carriers has been steadily growing, as can be evidenced by the surge in S&P activity throughout the course of the past five months. In fact, according to shipbroker Intermodal, prices have surged by 25% over the past eight months. Meanwhile, it’s also worth noting that demand isn’t limited to just one or two ship classes, but rather has been varying from small Handies up to Newcastlemaxes.

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Port of Corpus Christi OKs $217 Million Bond Package

The Port of Corpus Christi said in their latest announcement that they approved a bond resolution authorizing the port to issue up to $217 million in revenue bonds to help finance major capital improvements, including the Corpus Christi Ship Channel.

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Trade War Looms as China Promises New Tariffs

Beijing announced that it will match President Donald Trump's plan to impose 25 percent tariffs on $50 billion worth of Chinese goods, raising the possibility of a damaging trade war. China's countervailing tariffs will impose the same penalty on more than 650 American products, including agricultural commodities and American-made cars. 

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