Tag: shipping

Equities

The Korean container and bulk shipping company takes advantage of a rebound in its share price to raise capital, but triggers a 7.3% sell-off in its stock.

By Anette Jönsson | 8 July 2011

Equities

Strong markets trigger sell-downs outside Hong Kong

The controlling shareholder of Indonesian coal company Indika sells $212 million of shares while, in Malaysia, Khazanah raises $128 million by reducing its stake in Malaysia ...

By Anette Jönsson | 11 November 2010

Equities

SITC prices largest HK IPO since Agricultural Bank

The container shipping and logistics company fixes the price at the bottom of the range to raise $400 million amid a heavy month for new Hong Kong listings.

By Anette Jönsson | 27 September 2010

Cash

Rickmers Maritime uses cash to navigate choppy waters

Faced with a rapidly rising loan-to-valuation ratio, Rickmers Maritime CFO Quah Ban Huat increased cash by nearly 1,000% until he could renegotiate the terms of the company̵...

By Edward Russell | 1 June 2010

Equities

Indonesia's BLT announces $131 million rights issue

The one-for-one offer, at a 39.7% discount to Terp, sends the company's share price tumbling by 18.6% as investors digest the large increase in share capital.

By Anette Jönsson | 27 May 2010

Equities

Pacific Basin raises $230 million from upsized CB

The Hong Kong-based shipping company executes a deal that is viewed as well priced, and only two days after Vedanta issues another well-received deal, sparking hopes of a ...

By Anette Jönsson | 5 March 2010

Equities

Indonesian shipping company brings $100 million CB

Berlian Laju Tanker replenishes its coffers ahead of an expected convertible put in May and as it pursues the acquisition of a Norwegian liquid tanker company.

By Anette Jönsson | 4 February 2010

Equities

STX Pan Ocean achieves 25% premium on unhedgeable CB

The Korean bulk carrier raises $200 million to part fund a recent purchase of new ships.

By Anette Jönsson | 13 November 2009

View Point

Societe Generale bets on Asian LNG and offshore finance

Societe Generale’s Mark Westley discusses the robust LNG and offshore shipping finance scene in Asia-Pacific.

By Edward Russell | 5 October 2009

People Moves

Mark Westley takes helm of SG's shipping finance team

Societe Generale transfers Mark Westley from London to head its Asia-Pacific shipping and asset finance business.

By Edward Russell | 17 August 2009

Equities

Pacific Basin raises $98 million from new share sale

The dry-bulk shipping company prices the deal at the mid-point for a 5.2% discount.

By Anette Jönsson | 13 May 2009

View Point

Shipping outlook bleak

The global slowdown and overcapacity take their toll on the shipping industry.

By Edward Russell | 27 November 2008

Equities

Bulk shipping firm fails to float

Maritime Capital becomes the third listing candidate to cancel an IPO in 48 hours amid deteriorating equity markets.

By Anette Jönsson | 4 July 2008

Equities

Another dry-bulk fleet owner seeks to float

Maritime Capital and a group of pre-IPO shareholders take on the challenging market to raise up to $300 million.

By Anette Jönsson | 20 June 2008

Equities

Wah Kwong's listing hopes sink as deal is cancelled

The shipping company blames market conditions, but strong demand for another IPO candidate suggests sector concerns and company specific issues may have played a bigger role in ...

By Anette Jönsson | 6 June 2008

Equities

Wah Kwong float attracts two cornerstones

The Hong Kong ship owner aims to raise up to $164 million to fund an aggressive expansion of its dry-bulk fleet.

By Anette Jönsson | 23 May 2008

Equities

Hong Kong ship owner seeks to re-list

Wah Kwong aims to raise up to $150 million to expand its dry-bulk fleet, but pre-marketing will extend into this week.

By Anette Jönsson | 19 May 2008

Business Moves

Higher finance costs harm shipping industry

Tighter lending policies will make it more expensive for shipping companies to raise the $300 billion of debt needed to fund outstanding orders for new ships. Some predict ...

By Howard Winn | 10 March 2008

Equities

Cheung Kong trims stakes in shipping companies

Cheung Kong and Hutchison raise a combined $479 million from the sale of shares in China Cosco and CSCL.

By Anette Jönsson | 12 December 2007

Equities

Pacific Basin raises $350 million from upsized CB

The offering is the second equity-linked deal arranged by Goldman Sachs in less than a week.

By Anette Jönsson | 4 December 2007

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