Industry Sectors:Finance & Insurance

Finance & Insurance

Cautious optimism is in the air over the shipping industry’s fortunes over the next 12 months, lifting confidence in the sector to a three-year high for the three months ended…
Orient Overseas International Ltd (OOIL) has again denied media reports that cited sources as saying that China’s Cosco Shipping is preparing to acquire its container shipping unit Orient Overseas Container…
Malaysian offshore vessels builder Nam Cheong has received a writ of summons and statement of claims for a sum of around $10.04m from Overseas-Chinese Bank of Corporation (OCBC).
Singapore’s OSV player Vallianz has reached an agreement with eight of its trade creditors for them to subscribe to new ordinary shares of the company in exchange for setting off…
Drawing a line under Frontline’s attempts to take over rival DHT Holdings a Marshall Islands court has dismissed a lawsuit against DHT and BW Group.
Dry bulk freight rates held stronger for most of this week, thanks to stronger panamax rates that continued to lift the market while capes were more mixed. Throughout the week,…
CMA CGM is acquiring Mercosul Line from Maersk Line, which the latter is selling as part of its approval from Brazilian authorities for its purchase of Hamburg Sud.
A bunker fuel dealer from Sungai Petani in Kedah in the northern part of Peninsula Malaysia has fallen victim to an e-mail payment scam and lost $1.1m.
Singapore-listed Kim Heng Offshore & Marine has moved into the OSV sector purchasing three AHTS from bankrupt Swiber Holdings for just $9.6m.
MSC it is actively monitoring the situation in regard to three vessels it has on time charter from bankrupt Rickmers Group.
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