China Ocean Industry Group disposing of a 60% equity interest in Nantong Huakai Heavy Industry Company at a price of RMB20m ($2.88m).
With a total asset value of some $105bn bank financing to Greek shipping continues to contract, but at a slower rate.
Singapore-listed First Ship Lease Trust (FSL Trust) has been placed on a ‘watch-list’ on Thursday by the Singapore Exchange (SGX) relating to the Minimum Trading Price (MTP) rule.
Nasdaq-listed Euroseas has signed an agreement to purchase four secondhand vessels and refinanced two vessels to free up cash.
Embattled Swiber Group has survived a liquidation scenario after its creditors voted on 29 May in favour of implementing a restructuring with equity investment from New York-listed Seaspan Corporation.
Star Bulk Carriers is continuing to expand acquiring the fleet of 11 vessels owned by Delphin Shipping LLC for $139.5m in a cash and equity deal.
Alternative investment firm Vӓrde Partners and a subsidiary of Chinese industrial company Landbridge Group have concluded a sale and lease back deal on a VLCC.
Debt-ridden Swiber Group is looking at a potential restructuring following a rescue deal dangled by New York-listed Seaspan Corporation, and judicial managers have urged creditors to say ‘yes’ to the proposed restructuring.
Orient Overseas (International) Limited (OOIL) has sold its Long Beach Container Terminal (LBCT) for $1.78bn to a consortium led by Macquarie Infrastructure Partners (MIP).