Industry Sectors:Finance & Insurance

Finance & Insurance

Offshore services provider Marco Polo Marine has provided close to SGD300m ($220m) in impairments and allowances during its third quarter of financial year 2017 on the back of a protracted…
Make no mistake, George Economou - with not one but two degrees from Massachusetts Institute of Technology - is the smartest guy in the room. For going on two decades,…
Embattled Nam Cheong has made asset impairments and writedowns of MYR1.88bn ($444m) during the second quarter, sending the OSV builder into a first half loss of MYR2.07bn.
Gulf Navigation Holding (GulfNav) is on course for a major expansion of its business as it reports a 33% jump in first half profits.
In the Summer of Trump, there have been mixed signals on funding for “all things infrastructure” in the US, among other things.
Singapore-listed Ezion Holdings has suspended the trading of its shares as it revealed that the company is in talks with various stakeholders for a financial restructuring.
The recent rally in freight rates seem to be living on borrowed time, in defiance to the typical lull that accompanies the summer season. With high rates coming in much…
Financially strapped Malaysian offshore player Nam Cheong Ltd (NCL) has been hit with a Writ of Summons by creditor AmBank.
Nordic American Tankers (NAT) has inked two additional time charters with oil major Shell.
Malaysian oil and gas (O&G) services provider Bumi Armada is making use of the lull in the industry to do some restructuring, announcing the formation of a Netherlands holding company.
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