Qatari investment bank QInvest said on Tuesday it is setting up a $200 million fund with Fortis Bank Nederland to buy shipping assets, taking advantage of falling prices in the maritime sector.
* EU finance ministers to discuss rules for climate finance * Draft sees airlines, ships as potential finance sources * Poor nations to compete for funds, give proof of CO2 cuts BRUSSELS, June 4 -...
The government said Thursday that it will speed up restructuring for troubled shipping companies by having them undergo full-scale self-rescue measures in return for fresh funds.
HONG KONG, May 13 - Pacific Basin Shipping on Wednesday said it would sell HK$761 million (US$97.6 million) worth of new shares at a discount to third party investors, raising capital to fund purchases of...
* S.Korea to set up $2 bln-$3 bln fund to buy ships * Will loosen rules over investment in shipping companies * Banks to complete assessment of 38 top shippers by end-Apr SEOUL, April 23...
SEOUL, April 7 - South Korea will set up a fund of up to 4 trillion won ($3 billion) to buy vessels from cash-strapped shipping firms and help them improve their balance sheets, a newspaper...
* Bursting of ship asset price bubble * Ship buyers looking to benefit in downturn * Funds, shipping groups among potential acquirers LONDON, Aug 25 - Ship acquisitions are set to gather pace in the...
CHICAGO, Feb 24 - The ongoing economic crisis and credit crunch have made banks increasingly reluctant to provide funding for maritime shipping acquisitions, the top executive...
KUALA LUMPUR (AFP)--Ship owners on Monday were urged to contribute to a fund for safe shipping in the Strait of Malacca, amid warnings that an accident there could cripple international trade. The Nippon Foundation, a...
* Sticks to plan to buy new ships * Has enough cash, financing to fund future commitments HONG KONG, Oct 31 - Hong Kong-based bulk shipping firm Pacific Basin Shipping <2343.HK> will stick to its...