Industry Sectors:Finance & Insurance

Finance & Insurance

Hapag-Lloyd and United Arab Shipping Co (UASC) have completed their merger and will now focus on the integration of the two companies.
The acquisition of Navig8 Product Tankers will make Scorpio Tankers the world’s third largest tanker owner by fleet value.
Malaysian offshore marine support services provider Perdana Petroleum aims to be re-listed on the Malaysian stock exchange by mid-August.
Scorpio Tankers is taking over Navig8 Product Tankers making it the largest owner of product tankers listed in the US.
Cyprus President Nicos Anastasiades has called on the country’s shipowners and shipmanagers to add their weight to efforts by the government to further strengthen the island’s position in the shipping…
Malaysia’s UMW Oil and Gas (UMW-OG) is putting in all efforts to return to the black this year and aims to strengthen its financials, maximise rig utilisation and get better…
Singapore-listed OSV owner Vallianz reported a loss of $208.1m in the fourth quarter ended by 31 March 2017 hit by hefty writedowns.
Marco Polo Marine has won a temporary protection order for its Indonesian shipyard as it seeks to restructure the Batam-based subsidiary.
The London Maritime Arbitrators Association (LMAA) has issued a new edition of its Terms, which will govern all LMAA arbitrations commenced after 1 May 2017.
Rickmers Group has warned bondholders that the company will face insolvency if they do not vote in favour of financial restructuring plans.
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