Finance
Scorpio Bulkers announces commitment for new loan
Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced on April 3 that the announced today that the Company has received a commitment for a loan facility of up to $12.75 million from a leading European financial ...
2018-04-05 07:31:19
Cape sees 188% profit upturn
Cape announced on April 3 that the Korean ship cylinder liner giant logged a KRW 17.6bn (around $16.65m) operating profit in 2017, representing an 188.2% upturn against a year ago. During the same period, Cape's revenue and net profit stood at KR...
2018-04-04 07:08:07
Frontline sold final shares in DHT Holdings
Crude oil tanker player Frontline has now sold off all of its shares in rival DHT Holdings. Frontline’s annual report, which was released last week, said the final stock was sold during the first quarter of 2018. Oslo and New York-listed ...
2018-03-29 07:04:19
Damen finalizes negotiations on Mangalia shipyard
Negotiations between Damen Shipyards Group and the Romanian Government on the Mangalia shipyard were completed on the evening of March 21st.  Rene H. Berkvens, CEO of Damen says, “We are very pleased with the positive and constructive d...
2018-03-27 07:19:32
DSME receives unqualified opinion
Shinhan Investment Corp., a Korean securities brokerage and investment banking house, has reset its buy rating to 'buy' for Daewoo Shipbuilding & Marine Engineering (DSME) on March 23.  Hwang Eo-Yeon, a researcher from Shinhan Investm...
2018-03-27 07:08:22
HMM raises funds for building VLCC quintet
Hyundai Merchant Marine (HMM) announced on March 26 that it penned a financial contract with Korea Shipping and Maritime Transportation (KSmart) on March 23 for the construction of five 300,000 dwt very large crude carriers (VLCCs). Regarding ...
2018-03-27 07:04:38
CMBFL attracts Greek customers
China Merchants Bank's finance lease arm CMB Financial Leasing (CMBFL) had a briefing session for attracting customers in Athens, Greece, on March 20, together with its compatriot shipbuilder Shanghai Waigaoqiao Shipbuilding (SWS) and the America...
2018-03-26 07:36:28
Samsung Life takes part in SHI capital increase
Samsung Life Insurance announced through a regulatory filing on March 22 that it has decided to support the capital increase of Samsung Heavy Industries (SHI), one of its allied enterprises, by buying 6.666074m shares in the Korean shipbuilding h...
2018-03-26 07:32:35
SHI confident in successful capital increase
Nam Joon-Ou, CEO at Samsung Heavy Industries (SHI), said on March 22 that the company's ongoing plan for a capital increase of KRW 1.4trn (approximately $1.308bn) will produce successful results.  During the Korean shipbuilding heavyweigh...
2018-03-23 06:57:23
Sungdong filed for court receivership Thursday
After submitting its application form for the process of rehabilitation to a court recently, Sungdong Shipbuilding and Marine Engineering says it has filed for court receivership as of March 22.  An official at the Korean debt-ridden ship...
2018-03-22 16:00:09
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