Aegean Marine Petroleum Network- a seller of marine fuels, listed on NYSE with symbol “ANW”, has had a difficult voyage lately. A happier journey may be looming, if the positive turn outlined in a recent news release works out as described.
Former GE Capital and DVB Bank executives are launching a blockchain based shipowing investment platform Shipowner.io.
Cosco-managed and owned Piraeus Port Authority (PPA) has emerged as a "must stop" for any Chinese delegation considering an investment or business move in the Greece. And there are many.
Embattled EMAS Offshore Limited (EOL) and two of its wholly-owned subsidiaries have voluntarily filed a restructuring application to the High Court of Singapore, and entered into a binding term sheet with certain potential ‘White Knight’ investors as part of the financial restructuring.
John Fredriksen’s Seadrill is warning investors of losses ahead of likely schemes of arrangement or Chapter 11 restructuring.
Capital Link’s 2017 Shipping Conference, now in its 11th year, drew a standing-room only crowd, with financial industry participants greatly outnumbering shipping people.
Bankrupt Sinopacific Offshore & Engineering (SOE) has announced that it is looking for investors to help restructure the company.
The industry has been undervaluing the LNG sector by using unrepresentative spot prices as a benchmark, according to Gaslog ceo Paul Wogan.
Norwegian law firm Wikborg Rein says some investors are seeing opportunities to pick-up distressed assets in the hard hit offshore sector.
The now-defunct Zhejiang Zhenghe Shipbuilding is attempting to revive itself as it has announced a call for new investors to help clear its debts.