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  • November 25, 2014
  • Last updated: 9:07am
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Results 1 - 5 of 5 for bankruptcy

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  1. Business - China Business - SHIPPING

    China's energy security concerns drive oil tanker tie-up

    Posted Nov 17th 2014, 05:08am by JING YANG

    ... and Overseas Shipholding Group, forced to restructure their operations or file for bankruptcy protection. By contrast, China Merchants Energy Shipping- the Shanghai-listed, Hong Kong-based offshoot ...

  2. Business - Companies - SHIPPING

    Shipping industry set to emerge from five-year downturn

    Posted Feb 08th 2014, 05:12am by Reuters

    ... firms that have endured years of losses as freight rates failed to cover costs. Global shipper TMT filed for bankruptcy protection in June, shortly after South Korea's STX Pan Ocean filed for court receivership, while Indonesian shipper Berlian Laju Tanker narrowly avoided bankruptcy. "While there will be potholes, here and there, as always, the worst is over based on the market ...

  3. Business - Economy - SHIPPING

    Lenders hold fire on ailing shipping firms

    Posted Aug 13th 2012, 12:00am by Keith Wallis

    ... Keith Wallis keith.wallis@scmp.com Banks are proving reluctant to torpedo struggling carriers as the global industry grapples with a downturn and lines seek out bankruptcy protection ... bankruptcy protection in recent months, victims of weak freight rates and haemorrhaging cash reserves. But the expected surge in corporate shipping failures has yet to occur, despite mounting losses ...

  4. Business - Companies - SHIPPING

    Ravi Mehrotra: grandfather of booms is yet to come

    Posted Oct 16th 2012, 12:00am by Keith Wallis

    ... the latest corporate casualty after declaring bankruptcy last week, with debts of more than €500 million (HK$5.01 billion). Mehrotra said China's second-phase expansion would focus ...

  5. Business - China Business - SHIPPING

    Poor results sink shares of China Cosco, CSCL as industry suffers

    Posted Aug 31st 2012, 12:00am by Keith Wallis

    ... in the US and Europe and slowing mainland growth. He said more than 25 major shipping companies globally had either collapsed or were going through bankruptcy protection. Wei also avoided answering ...



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