Finance

Companies

Sovcomflot selling its’ fleet to meet banks obligations

portnews - May 4, 2022

Lloyd’s List: RUSSIA’S tanker giant Sovcomflot is looking to sell up to one third of its fleet, in a bid to repay loans to...

Companies

Euroseas strikes $37 million agreement for two new vessels

portnews - May 4, 2022

Euroseas Ltd. has announced it has agreed to acquire two intermediate sized container vessels for a combined price of $37 million. Under the agreement, the...

Companies

Everimpact gets $1.6m to bring emissions monitoring tech to maritime

wpoadmin - May 3, 2022

Everimpact’s has received funding to the tune of $1.6 million to support bring its carbon measuring IoT hardware to the marine sector, with a...

Finance

Cartonization company Paccurate closes $2.2M funding round

portnews - May 3, 2022

Shipping and fulfillment optimization platform Paccurate announced Tuesday it closed a $2.2 million seed funding round to advance its capabilities to reduce costs and...

Finance

FX Daily: Hanging on to the dollar ahead of the Fed

portnews - May 3, 2022

USD: Remaining supported into the FOMC The dollar has continued to strengthen ahead of tomorrow’s FOMC meeting, where a 50bp rate hike and the start...

Companies

C.H. Robinson debt rating affirmed thanks to ‘disciplined’ financial practices

portnews - May 3, 2022

C.H. Robinson has held on to its investment grade debt rating of Baa2 from Moody’s Investors Service, with the ratings agency lauding the 3PL’s...

Finance

Gibson: no easy decision on tanker investments

portnews - May 3, 2022

Tanker investments these days are not a straightforward decision. A prospective buyer is faced with a combination of price pressure, regulatory uncertainties, long-term demand...

Finance

Banks, upbeat earnings lift European shares

portnews - May 3, 2022

European stocks edged higher on Tuesday after a string of upbeat earnings reports and as banks rose on government bond yields hitting fresh highs...

Finance

Camper & Nicholsons to accept cryptocurrencies

portnews - May 3, 2022

Luxury yachting company Camper & Nicholsons has announced it is now accepting cryptocurrencies as payment for all goods and services via BitPay. Camper & Nicholsons,...

Finance

UK govt backs ship-shore integration project with £1.06 million

portnews - May 3, 2022

Maritime Research and Innovation UK (MarRI-UK) has granted a £1.06 million (around $1.33 million) funding to a consortium of nine organisations led by MSE...

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