Finance & Insurance

Private equity firm Blackstone announced that Blackstone Infrastructure Partners (BIP), has made a growth-oriented investment in Carrix, the largest marine terminal operator in the US and in the Americas.
Hyundai Heavy Industries (HHI) signed a definitive agreement last Friday to acquire Daewoo Shipbuilding & Marine Engineering (DSME), supported by DSME’s main creditor Korea Development Bank (KDB).
The Cyprus Shipping Chamber (CSC) described 1 March as "an historic day" as it marked the first anniversary since the island’s stand-alone Deputy Ministry for Shipping was established.
K Line is taking a JPY50bn ($448m) hit on the cancellation of charter contracts for bulkers and containerships.
The second session of China’s 13th National People's Congress was opened in Beijing on 5 March and Premier Li Keqiang delivered the government work report and stated national plans for…
Dry bulk shipowner Genco Shipping & Trading (Genco) announced that it has secured additional financing for the acquisition and installation of scrubbers on 17 capesize vessels.
German bank Berenberg and a managing partner have been investigated over an alleged insider-trading scandal of Hapag-Lloyd’s shares, reports said.
Royal Boskalis Westminster N.V. (Boskalis) and its co-shareholder Kotug International B.V. (Kotug), have signed a letter of intent (LOI) to sell Kotug Smit Towage to Boluda Group.
The very large crude carrier (VLCC) Brightoil GEM had been arrested by China’s Haikou Maritime Court at the request of the vessel owner’s creditor bank.
In a damage limitation exercise the UK government today reached an out-of-court settlement with Eurotunnel over the latter’s challenge to the legality of the £108m worth of contracts awarded by…
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