Industry Sectors:Finance & Insurance

Finance & Insurance

Cosco Shipping Development Co, via its subsidiary CS Investment, has agreed to make a capital contribution of approximately RMB1.76bn ($261.18m) to subscribe to around 584.3m ordinary shares of China Bohai…
Alternative investment firm Uni-Asia Holdings, which operates dry bulk vessels via Uni-Asia Shipping, has commenced an internal restructuring by a scheme of arrangement.
Singapore’s Vallianz Holdings has entered into a set-off and settlement agreement with its second largest shareholder Rawabi Holding Company, potentially allowing the Saudi Arabian firm to become Vallianz’s biggest stakeholder.
The Baltic Dry Index (BDI) continues to be battered by falling freight rates, dragging itself through another week of sub-1000 point action.
Domestic focussed Malaysian line PDZ Holdings saw the full impact of its troubles hit in the first quarter of 2017, with revenue plunging to just MYR2.57m ($600,695) from MYR28.05m previously.
Hapag-Lloyd and United Arab Shipping Co (UASC) have completed their merger and will now focus on the integration of the two companies.
The acquisition of Navig8 Product Tankers will make Scorpio Tankers the world’s third largest tanker owner by fleet value.
Malaysian offshore marine support services provider Perdana Petroleum aims to be re-listed on the Malaysian stock exchange by mid-August.
Scorpio Tankers is taking over Navig8 Product Tankers making it the largest owner of product tankers listed in the US.
Cyprus President Nicos Anastasiades has called on the country’s shipowners and shipmanagers to add their weight to efforts by the government to further strengthen the island’s position in the shipping…
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