Treasury: US sanctions against North Korea and Russia include new sanctions
New sanctions imposed by the United States on Monday targeted Pyongyang’s financial activities as well as its military support for Moscow, according to the Treasury Department. The sanctions list North Korean generals, banks and officials, as well as Russian oil companies. They are the latest U.S.
$475 mi Committed Financing for Ocean Rig Apollo
DryShips Inc. a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore deepwater drilling services, today announced that Ocean Rig has received firm commitments from lenders for up to a $475…
Dorian LPG Lands Debt Financing for Newbuilding Program
Dorian LPG Ltd. a leading owner and operator of modern Very Large Gas Carriers ("VLGCs"), today announced that is has received commitments for up to $761 million of debt financing for its VLGC newbuilding program. ABN AMRO Capital (USA), LLC ("ABN AMRO") is acting as Global Coordinator, and Citibank…
S.Korea: Low Oil Prices Good for Economy
South Korea's central bank governor said low global oil prices are expected to have a positive effect on the economy, although the end results have yet to be seen. Bank of Korea Governor Lee Ju-yeol also told reporters on the sidelines of a New Year's event in Seoul that economic situations have…
S.Korea Producer Prices Deepen Fall as Oil Declines
South Korea's producer prices in November fell for a fourth straight month and at a quicker pace compared to the previous month in annual terms, central bank data showed on Wednesday, as global oil prices tumbled. The producer price index for November fell 0.9 percent from a year ago, the Bank of Korea said…
