Industry Sectors:Finance & Insurance

Finance & Insurance

A Singapore court has approved the application made by Swissco Holdings to be placed under judicial management after the debt-ridden OSV operator failed to receive support from its major lenders.
Navios Maritime Partners has snapped up the fleet of 14 containerships owned by bankrupt Rickmers Maritime for $113m.
This past week saw a day and a half of legal wrangling in the saga of Frontline and DHT, which unexpectedly came back to life.
Despite a legal challenge from John Fredriksen’s Frontline DHT Holdings has taken delivery of its first of 11 VLCCs from BW Group.
Bertram Rickmers is ready to give up 75.1% of his ownership of Rickmers Group under a proposed restructuring.
Moore Stephens, international accountant and shipping adviser, has warned shipowners and operators to carry out their due diligence before entering into shipping pool arrangements.
Bankrupt Singapore offshore company Swiber Holdings has failed to redeem a SGD160m bond issue.
Daewoo Shipbuilding & Marine Engineering (DSME) has narrowly averted bankruptcy after bondholders and creditors agreed to a bailout scheme following a series of meetings positively concluded over the past two…
A subsidiary of EMAS Offshore Limited (EOL), owned by bankrupt Ezra Holdings, is facing a winding up threat after it received a statutory demand from China’s ICBC Financial Leasing for…
Experts from the maritime industry are gearing up to debate, discuss and analyze the opportunities and challenges facing the industry at Sea Asia 2017.