Industry Sectors:Finance & Insurance

Finance & Insurance

Danish institutional investors are suing banks Morgan Stanley and Carnegie over the IPO prospectus of bankrupt OW Bunker.
A subsidiary of China Merchants Port Holdings Company (CMPH) has entered into an agreement to buy a majority stake in Zhongshan Port & Shipping Enterprise Group.
Cosco Shipping Development Co’s (CSDC) vessel owning subsidiary Oriental Fleet LNG 01 Limited has secured $112m of loans from Bank of Communications Hong Kong Branch (BoCom HK).
After a see-sawing session, the Baltic Dry Index (BDI) is once again poised to recapture its former height last seen in March 2017. By Wednesday, the BDI recorded at 1,250…
Embattled OSV builder Nam Cheong has urged noteholders to support the company’s financial restructuring involving approximately $220m of unsecured debts.
Bertram Rickmers and Zeaborn Group have come together to save the shipmanagement part of insolvent Rickmers Group and aims to rescue the other parts of the business.
Pacific Radiance, owner and operator of OSVs, has commenced discussions with its bank lenders to restructure its debts.
Braemar Shipping Services is moving into finance with maritime advisory the acquisition of NAVES Corporate Finance.
While Wartsila may have carried out a successful test of an autonomous offshore vessel last month those representing the workers in the transport industry question both the productivity and economics…
Engineering and fabrication shipyard Triyards Holdings has voluntarily suspended its shares trading on the Singapore Exchange (SGX) as the company revealed deeper financial troubles and is seeking to restructure its…
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