Industry Sectors:Finance & Insurance

Finance & Insurance

Greek shipowners are still able to get their hands on funds to buy ships as evidenced by the annual Petrofin Bank Research survey of bank funding portfolios in the name…
Pacific Radiance has been granted SGD85m ($61.5m) in loans under two Singapore government-backed financing schemes that aim to help offshore and marine companies gain access to working capital amid the…
DHT Holdings has announced on Wednesday that the High Court of the Marshall Islands has denied Frontline’s attempt to block a vessel acquisition deal between DHT and BW Group.
In a rare intervention in political matters Union of Greek Shipowners president, Theodore Veniamis has taken German Finance Minister Wolfgang Schauble to task over the tax regime covering the Greek…
Shipowner Courage Marine, which currently owns only two bulk carriers, has proposed to split one existing share into three in an attempt to boost trading liquidity.
Rickmers Group has filed for insolvency on Thursday, making it the most high profile casualty in Germany’s shipping sector, after its key lender HSH Nordbank rejected a restructuring plan a…
Consolidation is in the tanker waters. Teekay Tankers and Tanker Investments Ltd (TIL) have now announced a shares for shares merger, that would create an operator even bigger than the…
Teekay Tankers has signed an agreement to buyout Tanker Investments Ltd (TIL) in a share-for-share merger, and in the process acquiring over $500m worth of modern tankers as well as…
Saudi Aramco, Bahri, Hyundai Heavy Industries (HHI) and Lamprell are set to move ahead with the a $5.2bn joint venture mega-yard in Saudi Arabia with partial operation in 2019.
German shipowner Rickmers Group is to file for insolvency after HSH Nordbank denied approval for planned restructuring.
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