Finance & Insurance
Shipbrokers Howe Robinson Partners are expanding into Norway with a new office in Bergen focusing on dry cargo.
Triyards Holdings, the troubled shipyard unit of Ezra Holdings, confirmed the cancellation of two shipbuilding contracts worth $51m, which will no doubt exacerbate its already precarious financial position as it…
Vietnamese media reported that investigators are seeking charges against the once-rising political star Dinh La Thang for economic mismanagement in two separate cases involving million-dollar losses at fuel giant PetroVietnam.
Vallianz Holdings’ latest corporate exercise to bring it back on a firmer financial footing will result in it coming firmly under Arab control with controlling shareholder and strategic partner Rawabi…
Keppel Offshore & Marine (Keppel O&M) is to pay $422m in fines to settle bribery and corruption cases in Brazil.
The announcement of Euronav’s all-share acquisition of Gener8 Maritime came after years of pounding the virtues of the C-word – consolidation - by Euronav’s ceo Paddy Rodgers.
Euronav is taking over Gener8 Maritime in an all stock merger creating a new giant in the large tanker sector.
With the shipping industry set for $114bn in capital expenditure for newbuildings next year alone finding funding will be a major issue for the industry according to analyst Crucial Perspective.
Singapore-listed offshore vessel owner Pacific Radiance is seeking to restructure some $519m in debt.
Despite Greece’s financial difficulties it remains the dominant player in shipping with its owners successfully playing the market cycles.