Industry Sectors:Finance & Insurance

Finance & Insurance

THE Alliance has announced plans for contingency plans against a Hanjin Shipping style bankruptcy from one of its members as it unveils its service network to be rolled out on…
The UK Budget announced on Wednesday is seen as positive for the offshore industry oil and gas industry in the North Sea.
SapuraKencana Petroleum (SapKencana) said its unit SapuraKencana TMC issued another MYR3.3bn ($741.6m) and $74.8m worth of unrated Islamic bonds under its multi-currency sukuk programme.
The Maritime and Port Authority of Singapore (MPA) is establishing a MPA Living Lab and working with partners to set up three Centres of Excellence to deepen maritime R&D competencies.
CIMC Enric Holdings has increased its provisions for asset impairment over the botched acquisition of Sinopacific Offshore & Engineering (SOE), and warned of a loss for 2016.
While there was a slight rise in rates at the end of last year after the Hanjin Shipping collapse, this was not sustained and lines will have to make hard…
Cosco Shipping Leasing, wholly-owned by Cosco Shipping Development, has secured loans worth RMB2bn ($289.7m) from China Bohai Bank and Bank of Nanjing.
In the continuing move to privatize Greece’s ports the concession for Alexandroupoli Port Authority, which is being developed as a gas hub is moving forward.
France’s CMA CGM has joined the chase for control of Greece’s Thessaloniki port, view as an East Mediterranean hub for Eastern Europe.
LNG shipping forms the intersection of shipping and Master Limited Partnerships (MLPs) and business prospects are good – but do investors really understand it?