Industry Sectors:Finance & Insurance

Finance & Insurance

Proposed sweeping changes to Singapore’s restructuring and insolvency laws has come at a time when many companies, especially some offshore firms, are heavily burdened by debts and facing the threat…
As the year draws to a close, the final chapter for freight market remains unfinished - whether it will end as a success story or wrap up like a Greek…
Dryships founder, chairman and ceo George Economou has taken over more than 90% of the company’s debt.
In latest consolidation in container shipping Maersk Line is to acquire the world’s seventh largest container line Hamburg Süd.
Singapore’s Ezra Holdings has plunged to a $887.75m loss for the financial year ended 31 August 2016 as it took huge impairments and warned of “going concern issue.”
The deadline for shippers to collect laden containers from Hanjin Shipping at PSA’s Singapore terminals has expired.
Hong Kong-listed Jinhui Holdings is expected to formalise agreements with its lenders over restructuring of debts before the end of 2016, the company confirmed as it announced a third quarter…
A hefty price tag of close to $5bn could put off potential buyers for German container line Hamburg Sud according to analyst Alphaliner.
John Fredriksen’s Frontline reported a narrow profit the third quarter despite the sharp downturn in tanker markets, and lined-up $870m in bank financing for its newbuilding programme.
Shipping needs to develop a greater risk culture to avoid the problems it has experienced since the onset of the global financial crisis according to Kyvsgaard Consulting.