S&P downgraded Danish wind power giant Orsted to BBB on Wednesday, citing higher leverage on its balance sheet and major U.S. impairments in 2023 due to supply chain delays and higher costs.S&P said Orsted’s business risk profile has weakened from last…
S&P Downgrades Orsted on U.S. Offshore Risks Read More »
Singapore’s FSL Trust to return bulk of the company’s unrestricted cash holdings to shareholders
Challenging markets make shipping investments ‘not favourable’, says Topouzoglou Read More »
Smyril Line announced it has signed a contract with the CIMC Raffles shipyard in China for the construction of two new vehicle carrier vessels.The ro-ro ships will each be 190 meters in length with 3,300 lane meters for trailers. They have been…
Smyril Line Orders Methanol-ready RoRo Ships at CIMC Raffles Read More »
New York investor reduces exposure to US bulker company after adding more of Pangaea Logistics
BlackRock cuts stake in Eagle Bulk and pockets $11m from share sale Read More »