Finance & Insurance

The Chilean Tribunal for the Defense of Free Competition (TDLC) released its final ruling in a car cartel case that began in 2015 fining NYK and MOL at of $9.1m,…
With the growing business between the Middle East and China the enforcement of arbitral awards in China was in focus at the latest breakfast seminar by Emirates Maritime Arbitration Centre…
Physical bunker supplier Peninsula Petroleum has boosted its overall liquidity by $150m after renewing its European receivables finance facility.
Malaysia’s Bumi Armada has refinanced $660m of its short-term corporate debts to improve its balance sheet and is looking to dispose of some assets to free up cash.
US Energy policy, along with Donald Trump’s classic head-fakes, almost seems destined to confuse participants in the oil business, with obvious impacts on shipping which serves it.
Resolution may finally be in sight for some of the rig newbuildings being constructed for Sete Brasil at Keppel Offshore and Marine and Sembcorp Marine (Sembmarine) on which progress payments…
Ocean Network Express (ONE) is urging shippers that have not posted General Average and Salvage Security on undamaged containers from the Yantian Express to do so or risk further delays…
The chairman of the board and executive director of Brightoil Petroleum (Holdings) Limited, Dr Sit Kwong Lam, was vacated as he was adjudged to be a bankrupt by the High…
Tsakos Columbia Shipmanagement (TCM) has introduced electronic payment and phased out cash payment for its crew employed on vessels under its management.
Scorpio Bulkers has announced a sell and leaseback deal involving six ultramax vessels with China’s Avic International Leasing.
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