Industry Sectors:Finance & Insurance

Finance & Insurance

Yangzhou Dayang Shipbuilding, subsidiary of embattled Sinopacific Shipbuilding Group, has declared bankruptcy and ceased all operations at the shipyard.
Oslo-listed Jinhui Shipping and Transportation has raised approximately NOK201.71m ($25.07m) from an oversubscribed rights issue that was completed last Friday.
China State Shipbuilding Corp (CSSC) shared that it has received approximately RMB117.59m ($17.71m) in government subsidies over the first six months of this year.
Korea Development Bank (KDB), KTB Asset Management (KTB) and Uni-Asia have signed a memorandum of understanding (MOU) on ship finance, tapping on KDB’s $1bn Ocean Value-up Fund Program.
With Keppel Corp’s shipyard group Keppel Offshore & Marine (Keppel O&M) just breaking even it is targeting the LNG sector including co-investment in small-scale projects.
Malaysian ratings agency RAM Ratings has forecast that about MYR5bn ($1.2bn) would be needed over the next five years for the expansion of Kuantan Port, Sapangar Bay Container Port (SBCP)…
Embattled Malaysian offshore vessels builder Nam Cheong has decided to temporarily cease repayment on all borrowings as the company is reviewing its options to restructure its businesses and operations.
The Shanghai Stock Exchange (SSE) has asked Cosco Shipping Holdings to provide further details on its recently announced offer to takeover Orient Overseas (International) Limited (OOIL), including a clarification on…
The world's top 40 banks lending to shipping at the beginning of 2017 had a combined portfolio of $355.25bn, the lowest level in a decade, according to Athens-based Petrofin Global…
The judicial managers of bankrupt Swissco Holdings have arranged the disposal of five vessels of the OSV firm for the purpose of repaying debts and reducing asset liabilities.
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