Overseas Shipholding Group completes 3.5M share offer; collects $158.7 million in proceeds Oil tanker operator Overseas Shipholding Group Inc. said Tuesday it has collected $158.7 million in proceeds from its offering of 3.5 million common shares at $45.33 each. Overseas Shipholding Group ...
2 shippers preparing for IPOs may encounter rough seas as investors weigh getting on board Two bulk shipping companies will be competing for investors' attention next week when they are expected to go public, but analysts are questioning their ability to nab ...
Map locates the Malacca Strait, where Singapore's Navy warned that a terrorist group is planning attacks on oil tankers Copyright 2010 AP News
Oil tanker operator DHT Maritime forms new company called DHT Holdings Oil tanker operator DHT Maritime Inc. said on Monday that it has formed a new company called DHT Holdings Inc., organized in the Marshall Islands. The company said shareholders of DHT ...
<div id="subtitle">Federal commission approves Oregon liquefied natural gas terminal; first on West Coast</div><div><p>The Federal Energy Regulatory Commission Thursday greenlighted a liquefied natural gas terminal along the Columbia River in Oregon — the first LNG terminal on the West Coast to receive such ...
<div><p>The Deal: General Maritime Corp. and Arlington Tankers Ltd. have agreed to merge in a stock- for-stock transaction, which would create a company having a combined market capitalization of about $1.1 billion, and a combined enterprise value of approximately $2.0 billion. The ...
<div><p>Somali pirates have captured a dhow with an Indian crew of 11 and used it to launch a failed attack on a super-tanker in the Gulf of Aden, a Kenya-based watchdog said Monday.</p><p>The small Indian cargo vessel was hijacked on Friday, only ...
<div id="subtitle">Bermuda-based Teekay Tankers posts third-quarter loss as revenue founders</div><div><p>Bermuda-based Teekay Tankers Ltd. posted a loss for the third quarter Friday as revenue slumped amid a downturn in shipping.</p><p>The company said it lost $1.5 million, or 5 cents ...
<div><p>Somali pirates have freed the Greek supertanker VLCC Maran Centaurus, one of the largest ships ever hijacked, after a plane dropped at least five million dollars in ransom on the deck.</p><p>The ransom, also one of the largest ever paid, sparked a deadly ...
