Industry Sectors:Finance & Insurance

Finance & Insurance

Marco Polo Marine is proposing a refinancing and debt restructuring and plans to delay an interest payment to bondholders to prop up its cashflow.
OSV owner and operator Swissco Holdings, which is currently under interim judicial management, is looking to pocket around $7m by selling a 2014-built offshore tug/supply ship.
Troubles are mounting for Malaysian feeder line PDZ Holdings as more creditors start to get their hands on its ships.
Will the challenges which have affected shipping in recent years and today’s pressure points on the industry have implications for its structure in the future?  This question will be at…
Bourbon has received a timely support from China’s ICBC Financial Leasing in the form of rescheduling of payments as the OSV owner struggles with losses in a depressed offshore market.
Rickmers Maritime is being wound-up after failing to agree a financial restructuring.
China Ocean Industry Group (COIG) has completed the acquisition of compatriot Nantong Huakai Heavy Industry Company under a RMB270m ($39.1m) deal.
An intragroup restructuring exercise has continued apace for Avic International Maritime Holdings (Avic Maritime) as part of the group’s ongoing efforts to streamline its corporate structure.
China Merchants Group and Sinotrans & CSC Group have completed a strategic reorganisation with the latter becoming a wholly-owned subsidiary of the former.
China Merchants Port Development (Shenzhen) Company (CMPDS) has entered into an agreement to subscribe to a 60% equity interest in Shantou Ports Group (SPG) at a consideration of RMB5.43bn ($787.1m).
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