Industry Sectors:Finance & Insurance
Finance & Insurance
China’s privately-owned Yangzijiang Shipbuilding is looking to raise SGD209.61m ($154.42m) by way of private placement of 137m ordinary shares to institutional and other investors.
Following it's merger with UASC Hapag-Lloyd’s debt has ballooned to $8.34bn and the line says it does not plan to newbuildings.
The winding-up of Singapore-listed Rickmers Maritime Trust has been completed.
Mitsui OSK Lines (MOL) has become latest shipping company to jump on the Blockchain bandwagon.
John Fredriksen’s Seadrill expects to file for Chapter 11 bankruptcy protection by 12 September to implement a restructuring plan.
If you were to choose a core business based on performance over the last decade container shipping would be unlikely to top the list.