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.
During Habitat Month, National Oceanic and Atmospheric Administration (NOAA) is recommending $8.2 million in funding to 15 partners through the Community-based Restoration Program Coastal and Marine Habitat Restoration Grants.
The U.S. Army Corps of Engineers, Charleston District, has received supplemental funding for disaster recovery projects on Folly Beach, Myrtle Beach, Edisto Beach, Pawleys Island, the Charleston Harbor and the Atlantic Intracoastal Waterway as part of the Bipartisan Budget Act of 2018.
Years of hard work and perseverance have paid off , as the City of Cedar Rapids received word they will get $117 million in Federal funding for its planned Flood Control System.
Egypt’s government denied in a statement that the Suez Canal Authority was seeking a 300 million euro loan from Gulf lenders.
1. The Board of Directors (“Board”) of FSL Trust Management Pte. Ltd. (as trustee-manager of First Ship Lease Trust (the “Trust”)) (the “Trustee-Manager”) wishes to announce that it has through its various subsidiaries signed the following loan agreements:
TOP Ships Inc., an international owner and operator of modern, fuel efficient “ECO” tanker vessels currently focusing on the transportation of petroleum products, announced yesterday that it entered into a sale and leaseback agreement and a 5 year time charter with Cargill International SA (“Cargill Ocean Transportation”) on June 29, 2018, a leading vessel operator and freight-trading business in the bulk shipping sector, for its newbuilding vessel Hull No 8242 currently under construction at Hyundai Mipo Dockyard Co., South Korea.