HAMILTON HM 08, Bermuda _ Knightsbridge Tankers Ltd. on Friday reported a loss of $6.2 million in its third quarter. On a per-share basis, the Hamilton Hm 08, Bermuda- based company said it had a loss of 11 cents. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.» Read More
June 9- Morgan Stanley is selling its controlling stake in oil storage and transport company TransMontaigne Inc to NGL Energy Partners LP for $200 million, essentially ending its long run as the biggest physical oil trader on Wall Street.
June 9- Morgan Stanley is selling its controlling stake in oil pipeline company TransMontaigne Inc to NGL Energy Partners LP for $200 million, essentially ending its long run as the biggest physical oil trader on Wall Street.
RUSSIA WILL NOT PRIVATIZE TELECOMS COMPANY ROSTELECOM, SHIPPING COMPANY SOVKOMFLOT, NOVOROSSIISK SEA PORT THIS YEAR- RIA CITES DEPUTY FINANCE MINISTER NESTERENKO.
*ABN AMRO expects to grow its ship finance business in coming years. ATHENS, June 4- ABN AMRO is pumping billions of dollars into its shipping finance business as the sector looks to recovery- just as European rivals cut their exposure due to tougher capital constraints, the Dutch state bank's head of shipping said.
**Pilgrim's Pride Corp, the second largest U.S. chicken processor, raised its offer for Hillshire Brands Co, escalating a bidding war with Tyson Foods Inc for the maker of Jimmy Dean sausages. **Germany's Siemens said on Tuesday it called off the sale of its baggage handling and postal automation business.
BRUSSELS, June 3- European Union antitrust regulators have approved an alliance planned by world No. 1 container shipping company AP Moller-Maersk and another that includes Japan's largest shipper Nippon Yusen Kaisha aimed at tackling excess capacity.
SINGAPORE, June 3- U.S. crude held steady above $102 a barrel on Tuesday, but was near a two-week low as a rise in OPEC supply offset an improved demand outlook after manufacturing activity expanded in the United States and China last month.
NEW YORK, June 2- Private equity firms Warburg Pincus LLC and Vestar Capital Partners Inc are exploring an initial public offering of Triton Container International Ltd that could value the company at more than $6 billion, including debt, said three people familiar with the matter.
John Nelson, Chairman of Lloyd's of London describes that while it has diversified from marine insurance, it still remains significant in Asia.