SFS acquisition of White Knight approved

The Securities and Exchange Commission approved the Public Offer document made by SFS Group Plc (SFS.CY) to acquire up to 100% of the share capital of its subsidiary company White Knight Holdings

Ocean Tankers profits increase

Ocean Tankers Holdings Pcl (OCT.CY) announced its 1H08 results recording a net profit of EUR 4.45 mln, compared to EUR 0.84 mln in 1H07. The increase is associated with the acquired vessels

Oil falls to three-month low of $118

Oil fell to $118 a barrel on Tuesday, a three-month low, as investors focused on rising OPEC supply and declining demand in the United States and Europe. The loss extends a slide