Results for Singapore
- Jurong Aromatics Said To Be In Debt-Restructuring Talks
Jurong Aromatics Corp, operator of one of the world's largest petrochemical plants, cannot service its interest payments and is negotiating a debt restructuring with bankers amid a plunge in oil prices, people familiar with the situation said, The ...
Daily Headline - global.abi.org - 08/19/2015 - 22:34 - 0 comments
- Singapore Bail-In Proposals Make Senior Bond Holders Breathe Easy
Holders of senior debt from Singapore's banks will have reason to breathe easy if the Monetary Authority of Singapore implements proposals to limit its statutory bail-in framework to subordinated debt, Reuters reported. The proposal, part of a set o ...
Daily Headline - global.abi.org - 07/05/2015 - 16:48 - 0 comments
- Jones The Grocer's Singapore Stores Up For Sale
Things have gone further south for Jones the Grocer Singapore (JTG), three months after the gourmet grocer from Down Under assured that it was business as usual, The Straits Times reported. The Singapore arm of the Louis Vuitton-backed Australian gou ...
Daily Headline - global.abi.org - 04/16/2015 - 00:01 - 0 comments
- Second Dry-Bulk Shipper Files For Bankruptcy As Rates Tumble
A second dry cargo shipper has filed for bankruptcy following a collapse in freight rates that has forced many companies to idle vessels used to haul iron ore, coal and grain rather than hire out the ships at a loss, Reuters reported. Weaker demand from ...
Daily Headline - global.abi.org - 02/18/2015 - 23:13 - 0 comments
- Fleet-Owning Unit Of Bankrupt OW Bunker Taken Over
OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters on Wednesday. OW Bunker, the largest ship fuel supplier in the world, collapsed earlier this ...
Daily Headline - global.abi.org - 11/27/2014 - 20:38 - 0 comments
- OW Bunker Far East To Meet Liquidator On December 4; Six More Vessels Arrested
The Singapore arm of bankrupt Danish shipping fuel trader OW Bunker will meet with its liquidator KPMG in early December to discuss the firm's outstanding debt, which totals almost $1.5 billion globally, Reuters reported. OW Bunker, a leading suppli ...
Daily Headline - global.abi.org - 11/18/2014 - 21:58 - 0 comments
- Singapore’s Shipping Fuel Dealers Hit by OW Bunker Bankruptcy
The bankruptcy filing of a giant shipping-fuel supplier has sent shock waves through Singapore, one of the world’s busiest ports, with companies in the city bracing for a number of payment defaults and worries over a potential cash crunch, The Wall Str ...
Daily Headline - global.abi.org - 11/13/2014 - 22:08 - 0 comments
- Four More Firms File Claim Against Bankrupt OW Bunker
A flurry of firms have filed lawsuits against the Singapore units of bankrupt Danish shipping fuel trader OW Bunker, with claims totalling more than S$5 million, and traders say this is likely just the beginning of a wave of court actions. Court document ...
Daily Headline - global.abi.org - 11/12/2014 - 21:46 - 0 comments
- Singapore Oil Trader Prepares Lawsuit Against Ship Fuel Supplier OW Bunker
A creditor of bankrupt OW Bunker is preparing a lawsuit in Singapore seeking to reclaim its money, court documents showed, as the fallout from the collapse of the world's largest marine fuel supplier begins to ripple through the sector, Reuters repo ...
Daily Headline - global.abi.org - 11/11/2014 - 23:40 - 0 comments
- DBS Chief Warns Of Basel Fallout
As Asian countries roll out Basel III frameworks for their banks, the CEO of Singapore's biggest lender has warned that the more stringent bank capital rules for the region's already well-capitalised lenders may hurt economic growth in the regi ...
Daily Headline - global.abi.org - 10/06/2014 - 21:09 - 0 comments