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International law firm Holman Fenwick Willan (HFW) has entered into a formal association with China’s Wintell & Co, which operates in the Shanghai Free Trade Zone and in Tianjin.

Despite the poor state of the offshore industry and limited access to credit, there are still financing options available for Middle Eastern OSV operators, speakers at the Seatrade Offshore Marine & Workboats Middle East finance session revealed. 

The Royal Bank of Scotland (RBS), is looking to scale down its Greek operations and sell its $5bn Greek shipping portfolio, according to a Reuters report.

The significant fall in oil prices, coupled with cost reductions now being made by the oil majors to their E&P budgets, has created a gloomy outlook for the offshore oil service industry. Consequently, financial institutions and other debt investors who have funded offshore projects and assets may have to consider the options available to best protect their investment.

The self-styled “mad girls” of the Women’s International Shipping & Trading Association (Wista) UK last week marked four decades of progress with a gala dinner at IMO headquarters, attended by 140 members and guests.

Third quarter operating profit at Nordea's shipping, offshore and oil services group rose 45% year on year to EUR55m, as net loan losses fell 63% to EUR20m.

Dynagas LNG Partners has filed papers for a $150m initial public offering (IPO) on the NASDAQ exchange revealing that its accountants have "expressed substantial doubt" on its ability to continue as a going concern.

First Ship Lease Trust (FSL) has resumed trading on the Singapore Exchange (SGX) after a month long suspension as it seals a relaxation of loan covenants extension with its banks.

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