• Wed
  • Sep 17, 2014
  • Updated: 2:50am

Ship management

Cosco arm may dip toe into leasing

Several banks, including ICBC and Standard Chartered, have launched ship leasing businesses where they retain ownership of vessels and charter them to operators at a daily rate, while the operator is responsible for repairs and crew costs.

Thursday, 21 February, 2013, 6:07am

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 experts say.

19 Jan 2013 - 5:12am

Shipping giant may lay anchor in Qianhai zone

Wallem, the Hong Kong-headquartered ship management and shipping services firm, is weighing plans to set up operations in Qianhai, a special development zone in Shenzhen.

18 Jan 2013 - 5:27am

Ship manager Wallem sets up Singapore unit as business booms

Burgeoning growth in specialist ship management services is leading Hong Kong-based Wallem Group to open its first ship management and broking operation in Singapore.

11 Jan 2013 - 3:56am