Cosco tanker arm takes $130m write-down on aged tankers
Chinese giant says the impairment is part of fleet renewal plan and still expects strong 2020 profits
Cosco tanker arm takes $130m write-down on aged tankers Read More »
Finance
Banks take over Polarcus seismic vessel fleet hours after owner defaults
Lenders enforce share pledges to take control of seven survey ships
Banks take over Polarcus seismic vessel fleet hours after owner defaults Read More »
Hyundai Heavy and DSME merger deadline pushed back to June over EU concerns
Korea Shipbuilding & Offshore Engineering revises contract deadline for acquisition from Korea Development Bank
Hyundai Heavy and DSME merger deadline pushed back to June over EU concerns Read More »
Biden-fuelled energy patch swoon helps send stocks to first down week
Negative sentiment on oil sector in new US presidency played its part as shipping finally underperforms broader market
Biden-fuelled energy patch swoon helps send stocks to first down week Read More »
Cosco looking to widen OOIL share base in $120m deal
JP Morgan brought in to find buyers for Hong Kong container line’s stock
Cosco looking to widen OOIL share base in $120m deal Read More »