Industry Sectors:Finance & Insurance
Finance & Insurance
Hanjin Shipping has been officially declared bankrupt, closing the book on the world’s seventh largest container shipping line.
China Cosco Shipping Corporation Limited (Cosco Shipping) has set up a logistics investment fund, backed by the provincial government, to raise around RMB6bn ($874.2m) for investments in areas including cold…
There were few Valentine’s Day surprises for the freight market this week, as the market has reverted to its seasonal mode of slowing seaborne trade.
Rickmers Maritime auditors warn of another $360m of impairments against the value of its fleet if it liquidates as the Singapore shipping trust fights for survival.
Malaysian domestic line PDZ Holdings has revealed that it owes approximately $851,971.79 in bunker bills to fuel suppliers related to its feeder boxship PDZ Mewah, which has been impounded last…
MISC unit Gumusut-Kakap (L) Ltd (GKL) has won its claim for increased day rates against Sabah Shell Petroleum Company Ltd.and has been awarded $254.4m by the Kuala Lumpur Regional Centre…
Singapore-based EMAS-AMC is facing a winding up application filed by logistics firm Necotrans Singapore and a High Court hearing has been fixed on 3 March.
Chinese conglomerate HNA Group has registered a new entity in China’s Xi’an city, formed from the merger of its subsidiaries HNA Logistics and HNA EcoTech.
China Cosco Shipping Corporation Limited (Cosco Shipping) has entered into a strategic partnership with China’s real estate developer Greenland Holdings Corp over assets investment and logstics development.
John Fredriksen’s Frontline has launched a defence of its offer for DHT Holdings which has been publicly rejected.