NYSE
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Europe
Fredriksen merges his two Frontlines
Athens: Fredriksen-led Frontline and its affiliate Frontline 2012 have agreed to merge to create one of the biggest tanker operating companies…
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Dry Cargo
Scorpio Bulkers’ capesize newbuilding gets timecharter
Athens: A capesize bulk carrier under construction for Scorpio Bulkers will begin a four- to seven-month timecharter upon its delivery, fixed…
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Finance and Insurance
GasLog Partners to raise up to $206m in public offering
Athens: GasLog Partners is to sell 7.5m of its common units at a price of $23.90 per share, which could…
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Dry Cargo
Clearlake extends timecharter of Diana capesize at a discount
Athens: Clearlake Shipping (Singapore), part of Gunvor, has extended its existing timecharter of a capesize bulk carrier operated by NYSE-listed…
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Americas
Navios sells two VLCCs to its midstream sister company
Athens: NYSE-listed Navios Maritime Acquisition is to sell two VLCCs to Navios Maritime Midstream Partners for a combined $100m. The vessels are the…
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Americas
Scorpio Bulkers to offer shares at a discount
Athens: NYSE-listed Scorpio Bulkers is to sell 130m shares at a price of $1.50 each, raising up to $195m in…
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Americas
Scorpio Bulkers plans new $200m stock offering
Athens: NYSE-listed Scorpio Bulkers is planning a share offering in which it will sell $200m of its common stock to…
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Americas
Teekay Tankers plans stock offering to raise $80m
Athens: Teekay Tankers plans to issue “from time to time” Class A common stock for sale, which could raise up to…
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Dry Cargo
Scorpio Bulkers sells capesize and LR2 tanker newbuildings for $236m
Athens: Scorpio Bulkers is to sell three capesize bulk carrier and two LR2 product tanker newbuildings for a total of…
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Americas
Scorpio Tankers launches $250m share buyback scheme, nixes new vessels
Athens: NYSE-listed Scorpio Tankers is to spend up to $250m buying back its securities, but says it won’t buy two LR2…
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Europe
Tsakos Energy Navigation wants to be large and in charge
Athens: On the back of sustained improvement of tanker markets and of its financial results, Tsakos Energy Navigation (TEN) says…
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Dry Cargo
Diana to raise up to $63m in new offering
Athens: Diana Shipping has priced $55m in senior unsecured notes, which it intends to list on the New York Stock Exchange.…
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Dry Cargo
Diana and Wilhelmsen start shipmanagement joint venture
Athens: NYSE-listed Diana Shipping and Wilhelmsen Ship Management (WSM) have founded Diana Wilhelmsen Management, a 50/50 joint venture (JV). The…
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Containers
Costamare aims to raise $115m for vessel investments
Athens: NYSE-listed Costamare aims to raise up to $115m through an issue of 4m shares of its 8.75% Series D…
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Americas
Overseas Shipholding Group hopes for second time lucky in $100m IPO
Athens: Overseas Shipholding Group (OSG) plans to raise $100m through an initial public offering (IPO) of shares on the New York…
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Dry Cargo
Diana Shipping buys kamsarmax bulk carrier and capesize newbuilding
London: Diana Shipping has paid a combined $61.05m for a capesize newbuilding and a kamsarmax bulk carrier. The NYSE-listed owner paid…
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Containers
Port congestion on US West Coast boosts panamax earnings for Danaos
London: Danaos’ adjusted net income has more than quadrupled quarter-on-quarter, thanks to surging panamax rates spurred by port congestion on…
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Dry Cargo
Scorpio Bulkers sells two capes and an ultramax
London: NYSE-listed Scorpio Bulkers has agreed to sell two new capesize bulk carriers and an ultramax for a combined $111m…
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Dry Cargo
Scorpio Bulkers sells seven newbuildings at a $63m loss, secures ultramax financing
London: NYSE-listed Scorpio Bulkers has agreed to sell seven of its newbuildings to an unnamed buyer for $290m in total, but…
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Americas
SEA-Vista gets $300m loan to expand the company
London: SEA-Vista, the joint venture between SEACOR Holdings and Avista Capital Partners, has secured a $300m credit facility that it says…
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