Industry Sectors:Finance & Insurance

Finance & Insurance

Financially-shaken Ezra Holdings has received a statutory demand from the solicitors of Forland Subsea on Monday in relation to a claim amount of approximately NOK25.5m ($3.1m) that is due and…
Farstad Shipping has concluded a fully-funded restructuring plan that will see the company, together with Deep Sea Supply, consolidate under Solstad Offshore to create a much bigger OSV company.
The start of the US Presidency of Donald Trump has been anything but business as usual and understanding the implications of his Executive Orders is rapidly turning into a full…
Tanker owner DHT Holdings has rejected a takeover bid by John Fredriksen’s Frontline, citing that Frontline’s proposed acquisition undervalues the company.
First Ship Lease Trust’s (FSL Trust) ceo Alan Hatton has resigned over alleged “misconduct and breach of duties”, the trustee-manager FSL Trust Management announced.
Malaysian domestic line PDZ, which had its vessel PDZ Mewah arrested last week, will take up slots from third party vessels as an interim measure to meet its commitments, the…
Singapore-listed Ezra Holdings in clarifying on the impact of its investment in troubled joint venture firm EMAS Chiyoda Subsea Limited (ECA) says that it could have to writedown the full…
It was never going to be a vintage week and as expected, the dry freight market remained quiet throughout as Chinese participants – and plenty of European ones too -…
Hanjin Shipping is expected to be finally declared bankrupt on 17 February a Seoul court said today.
DNB Bank was hit by NOK7.42bn ($906) in impairments losses on loans and guarantees in 2016, with shipping and offshore major culprits.