Industry Sectors:Finance & Insurance

Finance & Insurance

More bad news for beleaguered Malaysian offshore services provider Perisai Petroleum as a much hoped for injection of cash from the divestment of a joint venture company has hit a…
As it faces a crucial noteholder meeting on 21 December Rickmers Maritime has highlighted the issues with Singapore bonds versus more mature markets such as Europe and the US.
China State Shipbuilding Corp (CSSC) has signed a strategic cooperation with Bank of Communications last Friday, allowing the shipbuilder to benefit from a five-year financial support, reports said.
IMC Shipping has become the first new member of the Baltic Exchange since it was taken over by Singapore Exchange (SGX).
The Standard Club has warned shipowners about thefts from vessels in North eastern Chinese ports over the winter months.
John Fredriksen’s Frontline is looking to raise $100m from a share sale to fund vessel acquisitions.
Financially-strapped Rickmers Maritime has set 21 December as the date for its crucial adjourned bondholders meeting.
Better days are coming back again for freight markets with spot iron ore breaking the $80 per tonne barrier, supported by strong steel demand or it is a bubble waiting…
Container line Yang Ming Marine Transport Corp has sold a corporate office building in Taipei’s Neihu District for TWD1.89bn ($59.6m) as part of efforts to mitigate its losses.
CIMC HK has entered into an agreement to sell 15% equity interest in its wholly-owned CIMC Offshore to China’s state-owned Future Industry Investment Fund.