Industry Sectors:Finance & Insurance

Finance & Insurance

2017 for shipping will be a year of retrenchment rather than improvement, according to what most respondents believed in a regular survey conducted by Moore Stephens, with shipping confidence holding…
First Ship Lease Trust’s (FSL Trust) auditors Moore Stephens have flagged going concern issues in relation to its 2016 financial statements.
Beleaguered Singapore shipping trust Rickmers Maritime has until 15 April to present a revised restructuring plan to its main financier HSH Nordbank.
New kid on the block in the rig space Borr Drilling is buying Transocean’s entire fleet of 15 jack-up rigs including, five newbuildings under construction at Keppel FELs, for $1.35bn.
The North of England P&I Association has warned of bunker quantity shortchange even through the use of mass flow meters (MFM) and encouraged receiving vessel to continue to take soundings…
Embattled Ezra Holdings has filed for Chapter 11 bankruptcy in the US on Saturday, together with its two wholly-owned EMAS IT Solutions and Ezra Marine Services, in the hope of…
Embattled Ezra Holdings woes continue to mount with another claim related to EMAS Chiyoda Subsea (ECS) for $4.45m and liability for two bareboat charters by EMAS Offshore Ltd (EOL) that…
Privately owned Indonesian port operator Nusantara Pelabuhan Handal (NPH), which raised IDR308.6bn ($23.1m) from its initial public offering, started trading on the Indonesia Stock Exchange (IDX) on Thursday.
A proposed Chapter 11-like bankruptcy code for Singapore would bode well for the debt restructuring market, especially at a time when offshore companies are struggling to stay afloat under mounting…
Islamic Republic of Iran Shipping Lines (IRISL) has reportedly held meetings in London to discuss a possible listing on the London Stock Exchange (LSE), but talks have proven unfruitful so…