Singapore: The Export-Import Bank of China is to extend loans of approximately RMB1bn ($161.5m) for five to six privately-owned Chinese shipping companies, according to Chen Bin, deputy general manager, transport finance department, of the China...
Paris: Bourbon has penned a $2.5bn deal with Industrial and Commercial Bank of China (ICBC) as part of the company's 'transformation plan' for its future growth.
Seoul: Korea Development Bank (KDB) has launched due diligence for a takeover of STX Pan Ocean (STX PO), pushing up shares in the Korean shipowner.
Kuala Lumpur: Malaysia's oil and gas firm Petronas has raised its takeover offer of Malaysian shipowner MISC.
Sat in the Sea Asia Show Daily office for the Sea Asia 2013 exhibition and conference we are surrounded by a frenzy of activity as hundreds of exhibitors set up for the three-day event. Sea Asia 2013, which we co-organise with the Singapore...
President Obama’s efforts to revitalise America’s infrastructure brought him into the maritime realm with a visit to the Port of Miami, a top cruise port that is set to bolster its cargo business. Slightly more than 7m tons of cargo moved through...
Kuala Lumpur: Malaysia's SapuraKencana Petroleum is forging ahead with its expansion plans, raising MYR1.64bn ($526.2m) via a private placement of 587 million new shares to help finance its acquisition of Norway's Seadrill's tender-rig operations.