ACL Announces $150m Stock Repurchase Program

Tuesday, August 14, 2007
American Commercial Lines Inc. (ACL) said that its Board of Directors has approved a stock repurchase program of up to $150m. The company completed its previous $200 million stock repurchase program in July of this year, representing approximately 7.8m shares of its common stock.

Finance

Singapore's SembMarine to Take Full Control of PPL Shipyard

Singaporean rig builder Sembcorp Marine Ltd said it had agreed to buy the 15 percent of PPL Shipyard Pte Ltd it did not already own for about $115 million from

Pressure Mounting on VLGCs Rates - Drewry

A wave of cargo cancellations from the US is putting additional pressure on VLGC rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.

Investors to Acquire $1.5 bln Shipping Portfolio from NORD/LB

NORD/LB Norddeutsche Landesbank and KKR Credit have reached an agreement by which, subject to completion of certain conditions precedents, KKR Credit, together

 
 
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