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  • November 24, 2014
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Results 1 - 9 of 9 for financial markets

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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

    ... of the best and worst performers in the international energy shipping market. With the biggest supply glut in a quarter century, oil tankers were the hardest hit sector in the shipping market when the global financial crisis struck. The fall in demand and freight rates saw global giants in the sector, such as Denmark's Torm, Norway's Frontline and the US-based General Maritime ...

  2. Business - Companies - SHIPPING

    Rongsheng Heavy Industries mulls restructuring to improve finances

    Posted Oct 01st 2014, 04:18am by JING YANG

    ... biggest privately owned shipbuilder. Rongsheng said in a Hong Kong stock market filing on Monday evening that the asset appraisal would form the basis for a potential restructuring at its main shipyard in Rugao City, Jiangsu, and the process would be completed by the end of June 2015. "The objectives of the potential restructuring are to improve the overall financial position ...

  3. Business - Companies - SHIPPING

    CIMC declares another win in battle against Brazil’s Schahin

    Posted Sep 19th 2014, 12:47pm by Jing Yang and Benjamin Robertson

    ... and London in December 2011. In a separate development in July, ICBC Financial Leasing, an offshoot of Industrial and Commercial Bank of China, struck a US$1.08 billion sale and lease-back deal with Schahin during President Xi Jinping’s visit to the South American country. The deal marked the first time that a Chinese leasing company entered Brazil’s booming offshore oil exploration market.  ...

  4. Business - Banking & Finance - SHIPPING

    Leasing firm seeks to double portfolio

    Posted Apr 12th 2013, 12:00am by Keith Wallis

    ... under construction, which are to be delivered within 14 months, are worth US$2.5 billion. Under the deal, ICBC Financial Leasing will buy the ships at market price with a vendor loan of up ... Keith Wallis in Singapore keith.wallis@scmp.com ICBC Financial Leasing looks to foreign shipowners to raise the value of ship assets this year after signing 51-vessel agreement Leasing ...

  5. Business - China Business - SHIPPING

    Shipbuilder Rongsheng sinks deeper in losses

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

    ... Industries, one of the mainland's largest privately owned shipbuilders, sank deeper into loss despite a budding recovery in the shipping market that helped recoup losses for companies like China ... 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. ...

  6. Business - Companies - SHIPPING

    Chairwoman Sabrina Chao steers Wah Kwong Maritime past rocky shoals

    Posted Mar 07th 2014, 11:48am by Charlotte So

    ... the volatile market for dry bulk shipping mauled many of the firm's rivals. The daughter of former film star Lily Chao emerged from her office wearing little make-up, her hair hanging over her ... Imperial College London, she dived into the testosterone-dominated financial industry. Still, she was apprehensive when she was asked to lead Wah Kwong in place of her father, George Chao, who ...

  7. Business - Money - SHIPPING

    Private equity funds bet US$5b on shipping rebound

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

    ... resisted: take over vessels themselves. If I was still managing a portfolio … I’d be unloading like mad RANDEE DAY, SHIPPING CONSULTANT "The markets are flush with liquidity in terms ... industry for years, a market for secondary debt did not emerge until 2012, Paul Leand, AMA's chief executive, said. Banks tended to hold on to their loans until regulatory pressure late last ...

  8. Business - China Business - SHIPPING

    Shipping giant Cosco charts seas of red ink

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

    ... no detailed financial information is available. An indicator of its fortunes may be found in the performance of close rival China Shipping Development, which has about 70 tankers. The poor state of the tanker market meant CSD's tanker business generated a 131.93 million yuan loss in the first half of this year compared with a 384.4 million yuan profit in the first half last year. Analysis ...

  9. Business - Companies - SHIPPING

    Ship managers float on a rising tide of repossession

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

    ... executive, said: "With the markets being what they have been for the last couple of years there is no doubt that many owners are [in] or will default and that banks will have to repossess ... they did not have their own organisation. "Even though they can be as cost conscious as any other owner, there is normally sufficient financial strength so that our worry about funding ...



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