Finance & Insurance
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…
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.
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…