Industry Sectors:Finance & Insurance

Finance & Insurance

Transocean has announced a takeover deal of Songa Offshore, a move that will add seven semi-submersible drilling rigs to Transocean’s existing fleet of 44 drilling units.
Rickmers Maritime noteholders and other unsecured creditors will receive a recovery rate of just 12.1% as the listed shipping trust is wound-up.
Offshore services provider Marco Polo Marine has provided close to SGD300m ($220m) in impairments and allowances during its third quarter of financial year 2017 on the back of a protracted…
Make no mistake, George Economou - with not one but two degrees from Massachusetts Institute of Technology - is the smartest guy in the room. For going on two decades,…
Embattled Nam Cheong has made asset impairments and writedowns of MYR1.88bn ($444m) during the second quarter, sending the OSV builder into a first half loss of MYR2.07bn.
Gulf Navigation Holding (GulfNav) is on course for a major expansion of its business as it reports a 33% jump in first half profits.
In the Summer of Trump, there have been mixed signals on funding for “all things infrastructure” in the US, among other things.
Singapore-listed Ezion Holdings has suspended the trading of its shares as it revealed that the company is in talks with various stakeholders for a financial restructuring.
The recent rally in freight rates seem to be living on borrowed time, in defiance to the typical lull that accompanies the summer season. With high rates coming in much…
Financially strapped Malaysian offshore player Nam Cheong Ltd (NCL) has been hit with a Writ of Summons by creditor AmBank.
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