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Songa Bulk raises millions to buy vessels

Songa Bulk, controlled by Arne Blystad and Herman Billung, has issued a bond loan for USD 75 million. The capital will be used to further grow the firm's fleet of dry bulk vessels.

Herman Billung, CEO, Songa Bulk. Photo: PR/Golden Ocean

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J. Lauritzen lost USD 45 million in 2017

Denmark's J. Lauritzen lost USD 45 million in 2017, almost in line with the year before. The carrier expects a better result this year, though still not satisfatctory. And a potential recovery could be muted.

Media: HSH Nordbank close to deal with new owners

German shipping bank HSH Nordbank has allegedly sealed a deal with two US-based equity funds, report German media. According to Wall Street Journal, the funds will buy the bank at a much higher price than originally assumed.

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