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U.S. releases MSC Gayane on $50m bond  

20 tons cocaine bust: U.S. releases MSC Gayane on $50m bond  

U.S. authorities have released MSC Gayane, the ship caught with one billion dollars worth of cocaine in Philadelphia, after a USD50 million bond was posted. USD10...

U.S. arrests four more people in MSC ship Gayane cocaine bust

U.S. releases MSC Gayane on $50m bond after seizing 20 tons of cocaine

U.S. authorities have released MSC Gayane, the ship caught with one billion dollars worth of cocaine in Philadelphia, after a USD50 million bond was posted. USD10...

Panama Canal

Moody’s upgrades Panama Canal’s 20-year bond 

Moody’s has upgraded the 20-year USD450 million Senior Unsecured Bonds issued by the Panama Canal Authority (ACP) from A2 to A1 with a stable outlook. The upgrade is...

Maersk Line teams up with Alibaba on e-commerce solution

World’s biggest container line scales down bond market reliance

The world’s biggest container shipping company and Denmark’s largest issuer of corporate bonds may rely less on debt markets in the near future. A.P. Moller-Maersk...

Swiber

Swiber fails to redeem $114m bond issue

Bankrupt Singapore offshore company Swiber Holdings has failed to redeem a SGD160m bond issue. Swiber, which is under court mandated judicial management, said it had...