Dubai cityscape

The fund would help smaller players in the industry access the finance that has all too often proved elusive in the wake of the global financial crisis.

Dong-A Leto

Another South Korean shipping company, Dong-A Tanker, has been plagued with liquidity crunches and weak revenue.

A CMES ore carrier.

CMES halted stock trading from 2 May due to major asset restructuring

MOL Delight

Navios has acquired five container ships from Rickmers Maritime Trust for USD59 million. The transaction releases Rickmers from its obligations to a BNP Paribas loan facility. 

Saudi Arabia's Khalid a-Falih

As expected, OPEC-driven cuts are being extended through March 2018. This is not good news for tanker owners, yet rising exports from Atlantic Basin producers will soften the blow. 

China Shipbuilding Industry Corporation

China Shipbuilding Industry Corporation is preparing to expand its business on the back of growing demand for military vessels.

DSME yard

South Korean shipbuilder DSME aims to finalise the sale of two non-core subsidiaries as part of its revival efforts to secure liquidity.

Sheikh Abdulaziz AlTurki, group chairmain of Rawabi

Singapore’s Vallianz Holdings secured charter contracts valued at USD115 million, and its rights cum warrants issue could see Rawabi Holding Company become its largest shareholder. 

LNG carrier

Stolt-Nielsen Gas has ordered two 7,500 m3 LNG carriers from Keppel Singmarine, valued at USD80 million, bolstering its efforts to serve stranded demand. 

Salt Lake City

Negative rating outlook by Standard & Poor's reflects the potential that Noble Group’s cash flow and profitability will remain weak on concerns surrounding the commodity trader’s ability to manage its debts due to an unsustainable capital structure.