Singapore’s Sembcorp Marine (Sembmarine) announced that it has inked a share swap agreement with associated firm Ecospec Global Technology and Neonlite Investments in a move to boost the group’s intellectual property assets.
Cosco Shipping Development has announced that the company has entered into the sale and leaseback arrangement for four container ships via its subsidiary to provide funds and expand financing channels.
Hanjin Heavy Industries & Construction (HHIC) announced on Tuesday to the Korean Exchange that its affiliate yard in the Philippines has filed for a rehabilitation procedure.
Wuhan Shipping Exchange has launched three Yangtze river shipping indexes, namely WSCFI (Wuhan Shipping Container Freight Index), CCSFI (China Coal Shipping Freight Index) and CARPI (Changjiang Automobile-roro Prosperity Index), to promote shipping industry development of Wuhan and Yangtze river.
Shipping contribution to Greece’s coffers in the first nine months of the year have shown a significant recovery according to latest Bank of Greece (BoG) data.
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.