Industry Sectors:Finance & Insurance

Finance & Insurance

John Fredriksen’s Frontline is seeking to takeover rival tanker owner DHT Holdings in a stock-for-stock deal.
Malaysian domestic line PDZ Holdings has had its 698-teu container ship PDZ Mewah arrested by Dan-Bunkering (Singapore) over fuel supply issues.
The great and the good of the UAE shipping industry came together in Abu Dhabi at the fourth UAE Summit of Marine and Maritime Leaders this week with the subject…
Cosco Shipping Development Co has projected a profit for the financial year ended 31 December 2016, emerging from the loss registered in 2015.
International law firm Hill Dickinson will be able to operate fully in Hong Kong as a single entity after its application was approved by the Law Society of Hong Kong.
Japan’s Orix Corp has confirmed the acquisition of $289m worth of shipping loans from the Royal Bank of Scotland (RBS).
Alternative investment firm Uni-Asia Holdings, which operates dry bulk vessels via shipowning arm Uni-Asia Shipping, has proposed an internal restructure by way of a scheme of arrangement.
Taiwan’s container line Yang Ming Marine Transport Corp unveiled that it has instituted a recapitalisation plan aimed at strengthening its balance sheet and improving liquidity.
COSL Offshore Management, subsidiary of COSL Drilling Europe, has filed a statement of claim to Oslo’s district court against Statoil demanding payment of around $15.24m over an altered drilling contract.
China’s bankrupt Nantong Mingde Heavy Industry has been bought over by conglomerate Xiamen Xiangyu Group Corporation in a RMB576m ($84.2m) deal.