Struggling Singapore-listed commodities and shipping conglomerate Noble Group faces a key shareholder vote on its controversial $3.5bn restructuring plan, which could determine its survival.
Aegean Marine Petroleum Network- a seller of marine fuels, listed on NYSE with symbol “ANW”, has had a difficult voyage lately. A happier journey may be looming, if the positive turn outlined in a recent news release works out as described.
Singapore-listed offshore vessel owner Pacific Radiance is seeking to restructure some $519m in debt.
Cash-strapped commodities and shipping group Noble is selling four kamsarmax bulkers for $95m.
Following it's merger with UASC Hapag-Lloyd’s debt has ballooned to $8.34bn and the line says it does not plan to newbuildings.
Financially strapped Malaysian offshore player Nam Cheong Ltd (NCL) has been hit with a Writ of Summons by creditor AmBank.
Marco Polo Marine has won a temporary protection order for its Indonesian shipyard as it seeks to restructure the Batam-based subsidiary.