Industry Sectors:Finance & Insurance

Finance & Insurance

The findings of two studies have added fuel to the fire which has been smouldering between the Greek government and the country’s   shipping community and the European Commission and German…
Panamax rates have been the darling of the market this week with its string of strong upticks that have helped to buoy the freight market as a whole. On the…
The three Norwegian OSV owners – Deep Sea Supply, Farstad Shipping and Solstad Offshore – have announced the completion of their merger on Wednesday, rebranding to become Solstad Farstad.
Cautious optimism is in the air over the shipping industry’s fortunes over the next 12 months, lifting confidence in the sector to a three-year high for the three months ended…
Orient Overseas International Ltd (OOIL) has again denied media reports that cited sources as saying that China’s Cosco Shipping is preparing to acquire its container shipping unit Orient Overseas Container…
Malaysian offshore vessels builder Nam Cheong has received a writ of summons and statement of claims for a sum of around $10.04m from Overseas-Chinese Bank of Corporation (OCBC).
Singapore’s OSV player Vallianz has reached an agreement with eight of its trade creditors for them to subscribe to new ordinary shares of the company in exchange for setting off…
Drawing a line under Frontline’s attempts to take over rival DHT Holdings a Marshall Islands court has dismissed a lawsuit against DHT and BW Group.
Dry bulk freight rates held stronger for most of this week, thanks to stronger panamax rates that continued to lift the market while capes were more mixed. Throughout the week,…
CMA CGM is acquiring Mercosul Line from Maersk Line, which the latter is selling as part of its approval from Brazilian authorities for its purchase of Hamburg Sud.
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