Industry Sectors:Finance & Insurance

Finance & Insurance

In a continuing war of words DHT Holdings say Frontline turned down an offer to meet its co-ceos after it rejected the revised takeover proposal from the Norwegian tanker company.
OSV owner Pacific Radiance has been hit by an annual loss of $121.68m due mainly to $52.2m in impairment charges as a result of the difficult offshore market.
Milaha has announced net profits of QAR711m ($195.25m) for 2016, down on profits of QAR1.1bn reported the previous year. 
Cosco Corporation (Singapore) Limited remained in the red in 2016 on the back of continuing weakness in the shipping and shipbuilding markets.
A 1993-built Singapore-flagged VLCC Varada Blessing has been sold at a price of RMB81m ($11.8m) after it was auctioned on Taobao, China’s largest online shopping website, reports said.
Malaysian oil and gas services player SapuraKencana Petroleum  (SapKencana) has raised approximately $1.5bn through a seven-year multi-currency financing facility, it said in a press release.
Singapore’s Ezion Holdings has announced a decision to indefinitely postpone taking over four service rigs as part of efforts to help reduce capital expenditure by approximately $270m, as the group…
Several leading P&I Clubs have reported a satisfactory renewals season that ended this week on 21 February, with their members also presumably happy that no general rate increases were applied…
Bank of Cyprus’ (BoC) ceo John Hourican said the largest Cypriot lender is poised enter ship finance with Cypriot and Greek companies as the main clients.
Containership owner Danaos slumped to a $366.2m loss in 2016 as it took hefty impairments including $205.2m related to bankrupt Hanjin Shipping.