Industry Sectors:Finance & Insurance

Finance & Insurance

With less new ships being ordered amid the severe oversupplied shipping market and vessel assets changing hands in light of restructurings, owners are starting to seek refinancing for secondhand tonnages,…
The second day of Sea Asia 2017 saw an impassioned debate as to whether “the best days of the private independent shipowner are over”.
Singapore has clinched the top spot in Menon’s Leading Maritime Capitals of the World Report (Menon Report) for 2017, and the country is projected to remain well-positioned for the maritime…
Excess capacity in shipping and offshore will not go away “in a hurry” due to the sectors having witnessing a prolonged period of having access to “too much cheap money”,…
The Singapore Shipping Association (SSA) is working towards boosting Singapore’s debt and equity markets with the launch of a Maritime Capital Forum later this year, as part of a wider…
Malaysian offshore vessel builder and owner Nam Cheong is the latest Singapore-listed offshore firm to seek restructuring.
A Singapore court has approved the application made by Swissco Holdings to be placed under judicial management after the debt-ridden OSV operator failed to receive support from its major lenders.
Navios Maritime Partners has snapped up the fleet of 14 containerships owned by bankrupt Rickmers Maritime for $113m.
This past week saw a day and a half of legal wrangling in the saga of Frontline and DHT, which unexpectedly came back to life.
Despite a legal challenge from John Fredriksen’s Frontline DHT Holdings has taken delivery of its first of 11 VLCCs from BW Group.
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