Topic: Cargo and Freight Shipping
Overseas Shipholding completes 3.5M share offer
AP News
Overseas Shipholding Group completes 3.5M share offer; collects $158.7 million in proceedsOil 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 said it will use ...
Rough seas may be ahead for shipping IPOs
AP News
2 shippers preparing for IPOs may encounter rough seas as investors weigh getting on boardTwo 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 much cash. The first company, Baltic Trading Ltd., was ...
MALACCA TANKERS
AP News
Shipper A.P. Moller-Maersk posts annual loss
AP News
Danish shipper A.P. Moller-Maersk reports an annual loss of $1.3 billionDanish container shipping and oil group A.P. Moller-Maersk A/S on Thursday reported an annual loss of 7.0 billion kroner ($1.3 billion), citing a drop in global shipments of goods amid the economic crisis. The ...
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