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ECB to tighten collateral rules

The European Central Bank tightened its collateral acceptance rules on Thursday and revised haircut regulations, applying more stringent criteria on a range of assets, including certain asset-backed securities. The ECB...

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Diana Shipping Abandons Kamsarmax Order

Athens-based dry bulk shipping company Diana Shipping has decided to cancel the shipbuilding contract for a Kamsarmax dry bulk carrier due to a delay in delivery. Namely, the company said...

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Teekay Tankers Ends Quarter in Loss

Nasdaq-listed tanker shipping company Teekay Tankers, a part of Teekay Corporation, has concluded the third quarter of 2016 with a net loss, mainly impacted by lower spot tanker rates in the...

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Diana Containerships Scraps Angeles

Greek shipping company Diana Containerships has signed a memorandum of agreement (MOA) to sell its Panamax vessel Angeles for demolition for around USD 6.69 million before commissions. Previously named YM...

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OCEAN Alliance Unveils Services Network

Members of the OCEAN Alliance have signed the Day One Product document, setting out the proposed network, including port rotation for each service loop. Under the agreement, the French shipping company...

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