Industry Sectors:Finance & Insurance
Finance & Insurance
South Korea’s Hyundai Merchant Marine (HMM) announced late on Tuesday that it has finalised a KRW850bn ($758.4m) sale-and-leaseback deal involving 10 containerships with Korea Shipping & Offshore.
Singapore-listed offshore services firm Marco Polo Marine saw its first half loss deepened to SGD4.77m ($3.4m) compared to the loss of SGD1.1m in the same period of last year.
OSV owner and operator Tidewater Inc. will file for Chapter 11 bankruptcy by 17 May following the signing of a Restructuring Support Agreement (RSA) with certain of its lenders.
A Rickmers Maritime Trust bondholder has brought an “unprecedented” injunction in attempt to stop the sale of its fleet to Navios Maritime Partners.
Germany’s Rickmers Group has failed to secure the majority support needed from bondholders to carry out a proposed restructuring, prompting the company to make a last ditch effort to invite…
ICBC Financial Leasing's Hai Jiang 1401 has sought a winding up in the Singapore courts against EMAS Offshore Limited subsidiary Lewek Champion Shipping Pte Ltd.
China’s financial leasing institutions are stepping up their game in shipping becoming more flexible and competitive in their deal terms compared to traditional bank lendings, according to Western shipowners.
The significant role that Asia continues to play in the global maritime and offshore industries, even in today’s market environment, were firmly demonstrated at Sea Asia 2017 held in Singapore…
DHT Holdings board of directors has roundly rejected Frontline’s latest takeover offer saying it is time for both companies “to turn our attentions to more productive endeavors”.