Orix Buys RBS Shipping Loans
Japanese financial services firm Orix Corp has agreed to buy $290 million (272 million euros) worth of Greek shipping loans from Royal Bank of Scotland (RBS), Reuters…
Giuseppe Bottiglieri Files for Creditor Protection
Italian cargo shipowner Giuseppe Bottiglieri Shipping Co. SpA has filed for court protection while it works on a restructuring plan reports WSJ. The Naples company…
Shipping Loans Weigh Down German Banks
German banks are still struggling with bad loans from exposure to the shipping industry, reports DW. The banks are struggling to recoup tens of billions of dollars…
Nogaholding Secures $741 mln Loan for LNG Terminal
Nogaholding, the investment and business development arm of Bahrain’s National Oil and Gas Authority (NOGA), recently hosted a dinner to mark the financial close…
OOIL, COSCO Deny Deal Rumors
China Cosco Shipping Corporation Limited (Cosco Shipping) and Orient Overseas (International) Limited (OOIL) denied reports that they are in negotiations for Cosco…
Singapore Exchange to Open LNG Index
Singapore Exchange (SGX) is developing a spot pricing index for the Middle East and India liquefied natural gas markets (LNG) in collaboration with inter-dealer broker Tullett Prebon, says WSJ.
Injured Man hoisted from fishing Boat 25 mi off Cape Ann, MA
A helicopter crew from Coast Guard Air Station Cape Cod hoisted a man Saturday from the fishing boat Golden Girl while 25 miles southeast of Cape Ann. The captain…
EMGS Inks Charter for BOA Thalassa
Electromagnetic Geoservices ASA (EMGS) has signed a new charter agreement for the vessel BOA Thalassa with BOA SBL AS (owner of the vessel) at new and improved commercial terms.
Scorpio lines up $172m in loans for newbuilds
Scorpio Tankers Inc. announced today that the Company has received commitments for a loan facility of up to $172 million from a group of financial institutions including…
Mattis Takes Oath as 26th Defense Secretary
By a 98-1 vote, the Senate confirmed retired Marine Corps Gen. James Mattis to be the 26th secretary of defense Jan. 20, and Vice President Michael R. Pence administered…
