Industry Sectors:Finance & Insurance
Finance & Insurance
Orient Overseas International Ltd (OOIL), parent of Orient Overseas Container Line (OOCL) would make the perfect bride for another M&A deal in boxshipping according to Drewry but a hefty premium…
China Cosco Shipping Corporation (Cosco Shipping) and China Development Bank (CDB) have penned a five-year financing cooperation involving RMB180bn ($26bn), reports said.
The Emirates Maritime Arbitration Centre (EMAC) has signed a Memorandum of Understanding (MoU) with Dubai International Arbitration Centre (DIAC).
Hong Kong-based Pacific Basin Shipping (PacBasin) announced the future resignation of cfo Andrew Broomhead by the end of the year.
Dry bulk shipowner Courage Marine has announced a plan to raise up to HKD97.03m ($12.51m) from the placing of 25.4m new shares.
South Korea’s Busan Port Authority (BPA) has outlined its budget allocation for 2017, with the bulk going to port construction and a focus on keeping expenses in check.
Euronav have sold and leased back four VLCCs in $186m deal.
China Cosco Shipping Corporation Limited (Cosco Shipping) has splashed out RMB4.6bn ($660m) to acquire a 10% stake in Shanghai Rural Commercial Bank (SRCB) from Australia and New Zealand Banking Group…
DP World has acquired an additional 23.94% stake in Pusan Newport Company Limited (PNC) in South Korea from Samsung Corporation & Subsidiaries.