Topic: Water Transportation
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 ...
SWEDEN FERRIES STUCK
AP News
50 ships, thousands of people, stuck in Baltic Sea ice
AFP Global Edition
Around 50 ships, including large ferries carrying thousands, were stuck in the ice in the Baltic Sea, with many unable to move until Friday, Swedish maritime authorities said. Several vessels, including at least one passenger ferry carrying more than 1,000 people, had collided with each other as they drifted ...
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