Korea Development Bank, DSME’s largest shareholder and main creditor, and the Export-Import Bank of Korea said they would provide funds to boost the shipbuilder’s cash flow and convert its liabilities into equity to cut debt.
After falling in 19 of the previous 21 months, railway employment levels in the United States in February 2017 ticked up 0.28 percent from the previous month, according to recent data from the U.S. Surface Transportation Board.
The Athens, Greece-based containership lessor has entered into a Securities Purchase Agreement with Kalani Investments for the sale of up to 150,000 newly designated series B-1 and B-2 preferred shares, according to a statement form the company.
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Although e-commerce is a large contributor to parcel companies’ bottom lines, parcel has always been an arrow in the quiver of large shippers as well.
The U.S. Department of Justice served several container shipping lines with subpoenas last week in Sausalito, Calif., where their top executives were attending industry meetings.
The shipping research and consulting firm said container carriers have a “golden opportunity to smooth out the capacity peaks in the coming years” by deferring the delivery of the ships they have on order, but probably won’t take full advantage of it.