Yang Ming board approves share issue

Yang Ming Marine Transport Corp yesterday announced that its board had approved plans to raise NT$5 billion (US$1...

US oil export surge steals more OPEC share

As OPEC tries to keep oil off the world market, U.S. oil producers are pouring more onto it.

Daewoo Shipbuilding workers urged to share pain for survival

The chief of cash-hungry Daewoo Shipbuilding & Marine Engineering Co. urged its workers Wednesday to accept a pay...

Market share or higher prices? The Saudi, Russia oil dilemma: Russell

Saudi Arabia and Russia are likely to discover that when pursuing two incompatible goals, the one deemed less important will ultimately be sacrificed.

Dubai Shipowner Weighs Share Sale, Islamic Bonds in Expansion

Gulf Navigation Holding PJSC may sell shares or Islamic bonds as the Dubai-based shipowner plans to seek funds to double or triple its fleet of oil and chemical ships, Chief Executive Officer Khamis Juma Buamim said.

CSIC eyes $587m from share sales

China Shipbuilding Industry Corp (CSIC) has proposed to raise up to RMB3.9bn ($586.3m) from the sale of a maximum of 718m shares in an attempt to lower its debts.

Seaspan Collects USD 115 Mn by Selling Shares

Hong Kong’s Seaspan Corporation today closed the sale of its series G preferred shares for gross proceeds of USD 115 million.