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Industry Sectors:Finance & Insurance

Finance & Insurance

STX Pan Ocean, which filed for court receivership in Seoul last Friday, has listed defaults on seven South Korean bonds worth more than KRW1trn ($880.7m).
First Ship Lease Trust (FSL Trust) has secured a further six months extension on its loan covenants in a pact that saw the shipping trust pledge its vessels to the…
The Spring of 2013 has brought a revival of shipping deals for Greek shipping companies listed in New York. Following a successful $50 million offering of "preferred" shares by Tsakos…
Malaysia's Yinson Holdings has made a conditional takeover offer to acquire Fred Olsen Production (FOP) for NOK995.74m ($172.1m) or NOK 9.40 per share.
STX Pan Ocean (STX PO) has filed for court receivership in Seoul.
China Rongsheng Heavy Industries has signed a blanket insurance coverage agreement with China Export & Credit Insurance Corporation (Sinosure).
Qingdao Port (Group) Co is looking to raise $200-300m from an initial public offering (IPO) on the Hong Kong Stock Exchange, after it dropped plans to list in Shanghai, reports…
Sinoceanic has agreed a sale and leaseback deal worth $154.4m for the MSC Vega with Hong Kong-based Grand Indus Shipping. 
In a watershed deal announced this week York Capital, a large money manager, will team up in a joint venture with entities related to Costamare Inc the New York listed…
Singapore-based Ezra Holdings has sold its stake in fellow Singapore offshore firm Ezion Holdings in a move to rationalise its assets.