Industry Sectors:Finance & Insurance

Finance & Insurance

Swiber Holdings, currently under judicial management, has agreed to sell an elderly cold-stacked vessel for $10.25m which will be used to pay down debts owed to DBS Bank.
Amidst last week’s shipping stocks hoopla, Hunter Maritime Acquisition, a SPAC (blank cheque company) backed by a longtime shipping stalwart, Belgium's Saverys family, raised $150m.
Korea Line is paying KRW37bn ($31.4m) for bankrupt Hanjin Shipping’s Asia – US business.
Singapore’s Pacific Radiance, through its joint venture firm CA Offshore Investment Inc, has issued notices of arbitration to two Chinese shipyards to claim for $5.55m over their failure to deliver…
Heavily indebted Swissco Holdings has filed applications in the Singapore High Court on Monday to be placed under judicial management, a move that the company last week said it will…
Rickmers Holding says the financial woes of Singapore-listed shipping trust Rickmers Maritime has no impact on its financing.
NYK Ports, subsidiary of Japan’s Nippon Yusen Kaisha (NYK), together with Macquarie Infrastructure Partners III have invested in Maher Terminals, which operates a terminal in the US port of New…
The deadline for Hanjin Shipping to submit a rehabilitation plan to the Korean bankruptcy court has been extended until February 2017.
Athens-based Diana Shipping has terminated discussions with lenders without a deal but the shipowner maintained that it is “current in all payments” for existing loans, as it announced a deeper…
What a glorious week for the dry bulk freight market, with the Baltic Dry Index continued to rule the waves, maintaining its ascendency over the 1,000 point-mark following its first…