Costamare offers preferred equity

US-listed shipping companies are increasingly shifting to sales of perpetual preferred shares as opposed to common equity, with yet another preferred deal just announced.
On 6 May, container-ship lessor Costamare priced the sale of four million perpetual preferred shares at a dividend rate of

Box ship in collision leaves Yangon port

Officials have allowed a container ship involved in a collision with a sand carrier in Yangon port to leave the port.
Singapore-flagged Panja Bhum collided with sand carrier Zwe Myint Myat Tun 3 near Ahlone dockyard on 26 April. The impact of the collision caused the sand carrier to break up into

Two Sainty Marine executives resign

Shenzhen-listed Sainty Marine’s general manager and deputy general manager have ended their stints at the company recently, as the company had defaulted on a CNY63 million (USD10 million) bill of exchange.
Wang Junmin, general manager, and Li Jiu, deputy general manager, resigned from their