Industry Sectors:Finance & Insurance

Finance & Insurance

After taking various big plunges into the deep, there is no other way for capesize market to go but up. Improved paper market sentiment on paper seems to provide the…
Yinson Holdings is raising more funds, setting up, through its unit Yinson Juniper, a $500m multi-currency perpetual securities programme to finance its general corporate purposes.
China’s Shanghai Shipping Exchange (SSE) has officially launched the Belt and Road shipping indices to track freight data among involved countries, following the completion of a two-year trial, reports said.
China Cosco Shipping Corporation Limited’s (Cosco Shipping) container leasing arm has entered into a deal to buy 154,000 units of secondhand containers for $200.38m.
Oil major Shell has exercised a $1bn cash purchase option for a SBM Offshore majority-owned FPSO vessel for work in the Stones deepwater development in the Gulf of Mexico.
Tourism group TUI has disposed of its remaining shares in container carrier Hapag-Lloyd, allowing it to raise around $278m from the sale of 8.5m shares.
The creditors of bankrupt Rickmers Maritime have approved the sale of its remaining nine ships for a total consideration of $54m to Greece’s Navios group.
Barakah Offshore Petroleum looks to be increasingly moving into Sarawak hands as timber and energy conglomerate Samling Group founder Yaw Teck Seng became the second largest shareholder, after increasing his…
Vietnam Ministry of Transport will decide whether to accept Vinalines’ value estimate at VDN16.74bn ($736.6m) as a basis for its upcoming IPOs, reported Vietnamnet.
China Cosco Shipping Corporation Limited (Cosco Shipping) has offered to acquire Orient Overseas (International) Limited (OOIL) at a price of $6.3bn, confirming earlier rumours of the takeover deal that has…
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