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Pay to stay at OSG

Overseas Shipholding Group (OSG) will pay five high-ranking executives $1.74m to stay in their posts through 2016.

News - 5 hours old

Wheat takes OSG chairmanship

Overseas Shipholding Group (OSG) has appointed board member Douglas Wheat as the tanker owner's chairman, replacing John Ray.

News - 5 hours old

21-day decline

The Baltic Capesize Index (BCI) fell below 500 points Friday as bulkers continued to suffer day rate erosion.

News - 6 hours old

Truckers in port strike

Truckers serving Florida’s Port Everglades terminal are mounting a work stoppage, market sources tell TradeWinds.

News - 8 hours old

Hapag-Lloyd raises cash

Hapag-Lloyd has completed a EUR 370m ($452m) capital increase as part of its planned merger with the liner operations of Chile’s Compania Sud Americana de Vapores (CSAV).

News - 10 hours old

Shares plunge after offering

Teekay Tankers’ shares lost 14.4% of their value after the company announced a stock offering yesterday.

News - 11 hours old

Genmar buys Navig8 VLCC fleet

Peter Georgiopoulos’s Genmar has signed a preliminary agreement for the $1.4bn takeover of Navig8’s VLCC fleet.

News - 12 hours old

Scorpio Bulkers in resale score

Scorpio Bulkers has sold one of its kamsarmax newbuildings nearing completion at Tsuneishi.

News - 13 hours old

Danes pursue OW

Danish investors are clubbing together to take legal action over the collapse of OW Bunker.

News - 14 hours old

Hafnia nets $236m

Mikael Skov’s Hafnia Tankers has secured $236.78m to help fund its newbuilding programme.

News - 14 hours old