Industry Sectors:Finance & Insurance
Finance & Insurance
DHT Holdings board of directors has roundly rejected Frontline’s latest takeover offer saying it is time for both companies “to turn our attentions to more productive endeavors”.
Fast on the heels of its failed consolidation cum fund raising exercise with Icon Offshore and Orkim, UMW Oil and Gas (UMW-OG) is now planning to make a cash call.
The depressed dry bulk shipping segment is becoming a potentially attractive investment choice for China’s ICBC Financial Leasing Co. However, the Chinese leasing bank is staying clear of the offshore…
China Shipbuilding Industry Corp (CSIC) has secured RMB11.3bn ($1.64bn) worth of credit facilities from compatriot China Everbright Bank.
Courage Marine may terminate a vessel sale agreement with a buyer as the deal may jeopardise the company’s listing and shares trading on the Hong Kong Stock Exchange (HKSE).
Singapore-listed Marco Polo Marine has suspended its shares from trading as it fails to reach agreement on refinancing and restructuring with some if its lenders.
Kawasaki Kisen Kaisha (K Line) reported a hefty loss of JPY139bn ($1.24bn) for FY2016 ended 31 March 2017 hit by restructuring losses and impairments.