Singapore

Results for Singapore

Cosco’s Share Price Crashes After Much-Awaited Restructuring Deal Comes To Nothing

COSCO Corporation (Singapore) took a beating after its shares resumed trading on Monday, December 14. Investors punished the shipping company after a much-awaited privatisation deal with its parent company fell through last week, Singapore Business Rev ...

Daily Headline - global.abi.org - 12/14/2015 - 22:30 - 0 comments

Singapore Set to Suffer Indonesia's Defaults as Well as Its Smog

for growth in Southeast Asia, narrowly skirted recession when its economy grew just 0.1 percent in the ...

Daily Headline - global.abi.org - 10/19/2015 - 22:22 - 0 comments

Singapore's Jurong Aromatics Goes Into Receivership On Debt Woes

Jurong Aromatics Corp (JAC), which operates a large petrochemicals complex in Singapore, has gone into receivership because of debt problems, according to its restructuring firm and a filing with Singapore's accounting authority. JAC's debt pro ...

Daily Headline - global.abi.org - 09/30/2015 - 21:09 - 0 comments

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 - 21:34 - 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 - 15:48 - 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 - 04/15/2015 - 23:01 - 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 - 22:13 - 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 - 19:38 - 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 - 20:58 - 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 - 21:08 - 0 comments

Syndicate content