Industry Sectors:Finance & Insurance

Finance & Insurance

Singapore-listed Ezra Holdings has revealed that it has an exposure of approximately $900m as a guarantor to its jointly-owned EMAS Chiyoda Subsea (ECS), which has filed for bankruptcy protection under…
No-one predicted the scale and depth collapse in the oil price and the impact it then had on offshore marine, so it is also likely that few, if any, will…
Malaysian oil and gas company Bumi Armada was the latest to take a hit from poor market conditions, finally succumbing to a MYR1.1bn ($247.3m) hit from impairments it had to…
In an unusual diversification shipping, offshore and logistics company Thoresen Thai Agencies (TTA) is buying Pizza Hut in Thailand.
EMAS Chiyoda Subsea (ECS), Ezra Holdings’ joint venture firm with two Japanese partners, has filed for bankruptcy protection under Chapter 11 of the US Bankruptcy Code.
In a continuing war of words DHT Holdings say Frontline turned down an offer to meet its co-ceos after it rejected the revised takeover proposal from the Norwegian tanker company.
OSV owner Pacific Radiance has been hit by an annual loss of $121.68m due mainly to $52.2m in impairment charges as a result of the difficult offshore market.
Milaha has announced net profits of QAR711m ($195.25m) for 2016, down on profits of QAR1.1bn reported the previous year. 
Cosco Corporation (Singapore) Limited remained in the red in 2016 on the back of continuing weakness in the shipping and shipbuilding markets.
A 1993-built Singapore-flagged VLCC Varada Blessing has been sold at a price of RMB81m ($11.8m) after it was auctioned on Taobao, China’s largest online shopping website, reports said.