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

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

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