Torm has today filed papers with the SEC to voluntarily terminate the registration of its securities with the commission.

Seaspan Corporation has secured a $125m five year credit facility with an undisclosed private financial services firm.

China Oilfield Services Ltd (COSL) is planning to raise HKD5.88bn ($758.2m) through the private sale of new shares.

Underwriters for Scorpio Bulkers IPO on the New York Stock Exchange (NYSE) last month have exercised their full over-allotment option of 4.96m shares.

Paragon Shipping has secured a loan from HSH Nordbank to help partially finance a pair of ultramax newbuildings ordered at a Chinese shipyard.

Star Bulk Carriers has reached an agreement for a new credit facility with a major European bank to fund the purchase of two ultramax bulk carriers.

ClassNK has announced that its chairman and president, Noboru Ueda, has become chairman of the Association of Asian Classification Societies (ACS).

Bourbon has sold another 12 vessels to ICBC Financial Leasing for $378m and has announced a sale and leaseback deal with Standard Chartered Bank for six of its newbuilds.

Shareholders have approved the restructuring plans Dubai shipowner Gulf Navigation, including the sale of its two VLCCs.

Euronav is to raise $1.085bn to fund its purchase of 15 VLCCs from Maersk Tankers, via a capital increase, bank debt and mezzanine financing.