Finance & Insurance

The Port of Corpus Christi Commission has approved a 50-year-long- lease agreement with Lone Star Ports, LLC, a joint venture between the Carlyle Group and the Berry Group, to develop a  petroleum export terminal.
Shanghai Bestway Marine & Energy Technology announced that the bank accounts of its subsidiary Jiangsu Dajin Heavy Industry Co., Ltd have been frozen by one of its banks due to debt…
As the UK’s Brexit process plunges into deep uncertainty P&I insurers are choosing different methods to ensure smooth trading in the event of the country leaving the EU.
Danish shipowner Norden is continuing on a course to become increasingly asset light selling off four bulkers.
China’s President Xi Jinping has visited Italy and held discussions with Prime Minister Giuseppe Conte on strengthening the co-operation between the two countries, including the spheres of trade and maritime.
Chinese dry bulk shipping company Sinotrans & CSC Phoenix sold its 28% stake in Chongqing Xingang Changlong Logistics Company to bolster cashflow.
The Greek shipowner’s ability to address the ebbs and flows which characterise the shipping industry has served them well in the past and they need to re-commit in order to…
AP Moller – Maersk has sold its stake in French oil and gas company Total for EUR884m ($1bn).
China Shipbuilding Industry Company (CSIC) says that engineering repair, conversion and recycling units Dalian Shipbuilding Industry Marine Services and DSIC Steel Engineering Co are facing bankruptcy.
PSA International (PSA), the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF) managed by IFM Investors, have signed an Agreement, to jointly acquire 100% of the shares…
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