CS Investment, wholly-owned by Cosco Shipping Development Co (CSDC), has terminated a plan to invest RMB1.76bn ($253.5m) for an approximately 13.2% stake in China Bohai Bank.

Maritime London was very much in evidence at Hong Kong Maritime Week with a it promoting the British capital as an ideal partner for the Chinese Special Administrative Region in the world maritime hubs.

Dry bulk shipowner Pacific Basin has closed a $40m seven-year term loan facility with Danish Ship Finance.

Brokerage and financial technology firm BGC Partners has acquired ship brokerage and consulting firm Poten & Partners Group, allowing BGC to tap on Poten’s services to expand into the oil, gas and shipping sectors.

CargoX has launched a neutral blockchain platform for the shipping industry, offering a decentralised and cryptographically secured environment for transferring freight shipping documents on a public blockchain network.

Up to $300m of cash and assets of Aegean Marine Petroleum Network were believed to have been misappropriated through fraudulent activities involving over a dozen company employees, a latest audit committee investigation has found.

Global Ship Lease (GSL) and Poseidon Containers Holdings have announced a strategic merger that will double their fleet size to 38 containerships focusing on the mid-sized and small vessel segments.

Embattled Triyards Holdings has been hit with new statutory demands and litigation claims amounting to a total of $15.9m.

“Stepping on the Gas” was the title of an online webcast that was part of investment powerhouse Deutsche Bank’s initiating coverage of the LNG Shipping sector, spotlighting analyst Chris Snyder- who leads the bank’s research into this attention-grabbing sector.

The availability of capital, both equity and debt, is a perennial discussion and has two particular areas of focus at present - for consolidation and green loans for retrofits to meet environmental regulations.

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