Pan Ocean to raise USD785 million

South Korean bulker operator Pan Ocean is to raise KRW850 billion (USD785 million) through the issuance of 340 million shares in a paid-in capital increase.
The shares, worth KRW2,500 each, would be bought by Cheil Holdings and Poseidon2014, which would take 272 million shares and 68 million shares
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Oil majors see low price environment

Falling oil price is part of the business cycle, “not oil Armageddon or the end of fossil fuels,” believes Shaikh Nawaf Al-Sabah, CEO of Kuwait Petroleum Exploration Company. He told a CERAWeek opening plenary session that low prices are the new normal that will extend into the medium term. “Oil
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Ocean Yield plans bond issue

Ocean Yield, the listed Norwegian company that invests in ships and offshore assets it charters for third parties, said it is contemplating issuing a bond.
“Ocean Yield ASA is contemplating the issuance of new unsecured bonds in the Nordic bond market with maturity in May 2020,” the company said in
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