Industry Sectors:Finance & Insurance

Finance & Insurance

An early January decision by Judge Valerie Caproni, of the United States District Court Southern District of New York, represents an important milestone in the ongoing saga of OW Bunker…
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.