JES International has failed in a bid to sell its shipyard business, while its former ceo has been jailed for 12 and half years.
The Baltic Exchange is dropping handysizes from its key dry bulk market index the BDI.
Singapore-listed offshore vessel owner Pacific Radiance is seeking to restructure some $519m in debt.
Navios Maritime Holdings’ planned deal to acquire a majority stake in First Ship Lease Trust (FSL Trust) has fallen through.
Engineering and fabrication shipyard Triyards Holdings has voluntarily suspended its shares trading on the Singapore Exchange (SGX) as the company revealed deeper financial troubles and is seeking to restructure its debts.
China’s privately-owned Yangzijiang Shipbuilding is looking to raise SGD209.61m ($154.42m) by way of private placement of 137m ordinary shares to institutional and other investors.
The winding-up of Singapore-listed Rickmers Maritime Trust has been completed.
Rickmers Maritime noteholders and other unsecured creditors will receive a recovery rate of just 12.1% as the listed shipping trust is wound-up.