Bank shipping loan portfolios continue to shrink

In just over a decade, despite the rise in the global fleet and asset values, the decline of Western bank ship finance has assumed dramatic proportions with loan portfolios dropping to their lowest levels since 2007. Read More

Sinotrans buys Keppel’s logistics businesses for $28m

Sinoway Shipping, a subsidiary of Sinotrans Limited, has inked agreements to acquire the entire stakes in Keppel Logistics (Foshan) Co (KLF) and Keppel Logistics (Hong Kong) Limited (KLHK) from Keppel Telecommunications & Transportation (Keppel T&T) for a total of about SGD39m ($28m). Read More

Economou gets go-ahead to take DryShips private

DryShips Inc chairman and ceo George Economou will take his company private following an approved ‘plan of merger’ to acquire all of the company’s outstanding shares currently held by outside investors. Read More

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