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  • September 18, 2014
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Results 1 - 10 of 28 for bank of england

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  1. Business - Banking & Finance - SHIPPING

    China Merchants Bank gives Cosco 300m yuan credit line

    Posted Aug 28th 2014, 09:05am by JING YANG

    ... Jing Yang jing.yang@scmp.com China Merchants Bank is granting a 300 million yuan (HK$378 million) credit line to its second-largest shareholder, China Ocean Shipping (Group) Co (Cosco), ... conglomerate. With a 6.24 per cent stake, Cosco is the second-largest shareholder of China Merchants Bank after its parent, China Merchants Group. Last year, Cosco recorded 164.81 billion yuan ...

    http://www.scmp.com/business/banking-finance/article/1581375/china-merchants-bank-gives-cosco-300m-yuan-credit-line
  2. Business - China Business - SHIPPING

    China Cosco Holdings buys 5 container ships for US$618m

    Posted Sep 18th 2014, 02:35pm by JING YANG

    ... and bank borrowings. The ships will be delivered between 2017 to 2018. The order follows a similar one last week by Japan’s Kawasaki Kisen Kaisha, or K Line, for five 13,870 teu container ships. ...

    http://www.scmp.com/business/china-business/article/1595352/china-cosco-holdings-buys-5-container-ships-us618m
  3. Business - China Business - SHIPPING

    Shipbuilder Rongsheng sinks deeper in losses

    Posted Aug 29th 2014, 11:44am by JING YANG

    ... yesterday, pending release of information related to its restructuring. Its liquidity woes appear to be numerous. As of June 30, it had 262 million yuan in bank borrowing overdue, and had breached financial covenants of another 609.2 million yuan in loans. "The group is seeking a waiver for this borrowing and has obtained preliminary consent from the relevant bank," Rongsheng said. ...

    http://www.scmp.com/business/china-business/article/1581664/shipbuilder-rongsheng-sinks-deeper-losses
  4. Business - China Business - SHIPPING

    US$1.1b tanker joint venture to boost China's energy shipping capacity

    Posted Aug 13th 2014, 01:11am by JING YANG

    ... said an industry source. Nanjing Tanker has been undergoing a court-led restructuring since last month. Most of its VLCCs are either mortgaged to banks or collateralised for outstanding loans. ...

    http://www.scmp.com/business/china-business/article/1572429/us11b-tanker-joint-venture-boost-chinas-energy-shipping
  5. Business - Money - SHIPPING

    Private equity funds bet US$5b on shipping rebound

    Posted Feb 19th 2014, 01:33am by BLOOM

    ... Bloomberg in New York Private equity funds that took on shipping debt from banks are betting ship prices that collapsed as much as 71pc in five years will rebound Funds bet US$5 b on shipping rebound Private-equity and hedge funds are accumulating shipping debt at the fastest pace since they began buying the risky loans from banks two years ago, raising prospects of the firms ...

    http://www.scmp.com/business/money/markets-investing/article/1430711/private-equity-funds-bet-us5b-shipping-rebound
  6. Business - Banking & Finance - SHIPPING

    Norwegian investors' new shipping bank to fill funding void

    Posted Oct 05th 2013, 12:00am by BLOOM

    ... Bloomberg in Olso The Maritime & Merchant Bank will offer secured loans in the face of slumping demand Norway group's new bank set to fill funding void A group of Norwegian investors and Henning Oldendorff, chairman of the largest charterer of dry-bulk vessels, are forming a shipping bank that will start next year to fill a funding gap in the shipping industry. ...

    http://www.scmp.com/business/banking-finance/article/1324754/norwegian-investors-new-shipping-bank-fill-funding-void
  7. Business - Companies - SHIPPING

    Increased freight rates start year on high note for container shipping lines

    Posted Jan 07th 2014, 11:14am by Charlotte So

    ... Credit Suisse and Bank of America Merrill Lynch. The survey results were provided to the Post by a major Asian shipping line that requested not to be named. “The sustainability of rate hikes ...

    http://www.scmp.com/business/companies/article/1399657/increased-freight-rates-start-year-high-note-container-shipping
  8. Business - Companies - SHIPPING

    Ship managers float on a rising tide of repossession

    Posted Jan 19th 2013, 12:00am by Keith Wallis

    ... Keith Wallis keith.wallis@scmp.com Banks call on third parties to run vessels as shipowners are pulled down by the weight of lower rates and higher costs Ship managers float on a rising tide of repossession Banks are set to take tougher action against distressed shipowners this year, leading to a rise in loan foreclosures and lenders taking possession of vessels, shipping ...

    http://www.scmp.com/business/companies/article/1131263/ship-managers-float-rising-tide-repossession
  9. Business - China Business - SHIPPING

    Yards face tighter grip as consolidation looms

    Posted Aug 13th 2013, 12:00am by BLOOM

    ... shipyards," said Park Moo-hyun, an analyst at ETrade Securities Korea in Seoul. "The government and even the banks seem to have given up on trying to save some of the troubled private shipyards. ...

    http://www.scmp.com/business/china-business/article/1296226/yards-face-tighter-grip-consolidation-looms
  10. Business - Companies - SHIPPING

    Asset sales offer Cosco one method to avoid delisting

    Posted Aug 01st 2013, 12:00am by Reuters

    ... Industries, became the latest casualty last month when it sought financial help from Beijing. Companies across the sector have been selling off assets under liquidity pressure as banks have tightened ...

    http://www.scmp.com/business/companies/article/1293454/asset-sales-offer-cosco-one-method-avoid-delisting

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