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  • November 24, 2014
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Results 1 - 10 of 17 for debt

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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

    ... is in talks to pare debt with domestic creditors, led by Bank of China. "After reorganisation, Nanjing Tanker will strive to achieve two consecutive annual profits and seek relisting ...

  2. Business - China Business - SHIPPING

    China to partner with Carnival and Italian shipyard on first cruise ship

    Posted Oct 15th 2014, 01:02pm by Reuters

    ... with high debt burdens and a lack of orders. The government has moved to support the industry, which employs millions of workers, by providing subsidies to encourage shipping lines to order new ...

  3. Business - Companies - SHIPPING

    Neptune Orient Lines considers sale or spin-off of logistics unit

    Posted Aug 21st 2014, 01:28am by JING YANG

    ... Jing Yang jing.yang@scmp.com Singapore-based container shipping operator looks into sale or spin-off of APL Logistics in move seen aimed at freeing up capital to repay debt N.O.L. eyes ... (APLL), in a surprise move that seems to indicate an attempt to generate capital to repay its debt. State-controlled NOL said in a statement to the Singapore exchange yesterday ...

  4. Business - Companies - SHIPPING

    Euro debt crisis takes toll on China Cosco results

    Posted Aug 30th 2012, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Losses grow by more than 76 per cent as overcapacity and slow recovery hit bottom line Euro debt crisis takes toll on China Cosco results China Cosco, ... by the slow recovery of the global economy and the spread of the European debt crisis. "The global demand for container shipping was moderate in the first half of 2012," it said in a filing ...

  5. Business - Economy - SHIPPING

    Lenders hold fire on ailing shipping firms

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

    ... and Royal Bank of Scotland have either scaled back or stopped lending to shipping companies, Lee said they have been reluctant to enforce loan defaults. "Banks are better off rescheduling debt with existing operators rather than [taking] over and [selling] the ships," he said. "A lot of banks can't afford to take a hit," especially with the ongoing European debt crisis ...

  6. 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 ...

  7. Business - Banking & Finance - SHIPPING

    Norwegian investors' new shipping bank to fill funding void

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

    ... of crisis, has suffered from slumping demand and overcapacity in the wake of Europe's debt crisis and from low freight rates, high fuel prices and slumping asset values. Huge is not necessarily ...

  8. Business - Companies - SHIPPING

    Orient Overseas slumps to first-half loss

    Posted Aug 09th 2013, 12:00am by Anita Lam

    ... prices for ships. It postponed receipt of six vessels due for delivery this year so that the shipyard could improve engine efficiency. The company's net debt has nearly doubled since ...

  9. Business - China Business - SHIPPING

    Shipping giant Cosco charts seas of red ink

    Posted Nov 24th 2012, 12:00am by Keith Wallis

    ... and leasing operations, all increased their profit contribution to China Cosco in the first half of this year. Windham points to the massive debt and continuing ship charter commitments as deep-rooted problems. He said: "The scale of the shipping-related net debt and capital commitments of US$14 billion, excluding Cosco Pacific's debt and commitments, seems irreconcilable ...

  10. Business - Companies - SHIPPING

    Time to buy dry bulk bargains, says chief

    Posted Mar 06th 2013, 12:00am by Keith Wallis

    ... levels," Huxley said. "Even at today's much lower prices though, current charter rates don't really make sense and of course the lack of debt finance available means the number ...




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