Oslo listing to become secondary as regulatory hurdles cleared
Finance
Court won’t hear Berkshire claims over Haslam’s Pilot payments next month
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The Haslam family and Berkshire Hathaway will square off in a Delaware court next month in their...
Jacobs leading takeover of software company as he readies next move
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Brad Jacobs has chosen the vessel for his next act.
The man who put together the XPO freight...
Amerijet feels financial pinch as cargo business deteriorates
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Amerijet, racing to reverse the cargo airline’s negative cash flow after the recent firing of CEO...
https://www.freightwaves.com/news/amerijet-feels-financial-pinch-as-cargo-business-deteriorates
Awilco LNG wastes no time buying back $314m duo from Chinese lease
Norwegian operator declaring purchase options for 2013-built ships at earliest opportunity
Gram buys car carrier out of lease with $35m DekaBank loan
Norwegian owner lowers finance cost in deal to repurchase ship from CSSC Leasing
Auction for Yellow’s terminals ‘remains ongoing’
An auction for Yellow Corp.’s terminals hasn’t ended yet, a Delaware court filing revealed late Friday.
The auction for the bankrupt company’s less-than-truckload terminals began Tuesday morning, with an expectation that winning bids would be revealed Friday. The court document said it may now be Tuesday (Dec. 5) before the new owners of the service centers are made public.
Yellow operated roughly 300 terminals before it ceased operations at the end of July. Some of its property leases have...
https://www.freightwaves.com/news/auction-for-yellows-terminals-remains-ongoing
A bigger bang? How FFA trading during 2023’s capesize comeback compares with historic highs
Derivatives broker Freight Investor Services has run the numbers
BMO’s transportation sector data suggests trucking credit markets worsening
The fiscal fourth-quarter earnings of major trucking lender BMO, the former Bank of Montreal, appear to show a sudden and significant weakening of trucking credit metrics.
BMO’s transportation bank of business — its gross loans and acceptances — rose to approximately CA$15.7 billion ($11.6 billion) in the quarter, its highest on record. But within that rising book of business, gross impaired loans climbed to CA$170 million, up from CA$113 million a quarter earlier — a more than 50% increase —...
Green Power: Michael Parker is no ‘tree-hugger’ but he likes what ship lenders have grown in Poseidon
A giant figure in maritime finance explains why he had another act after nearly 40 years at Citi