Rongsheng Completes Third Largest IPO in HK

Monday, November 15, 2010

According to a report from Finance Asia, the Chinese shipbuilder, Rongsheng Heavy Industries, raised $1.8b after pricing in the lower half of the range, in what was also Hong Kong’s third largest initial share offering this year after AIA Group and Agricultural Bank of China.

(Source: Finance Asia)


Finance

OSV firm Farstad Continues Restructuring Talks

Supply firm Farstad Shipping's CEO Karl Johan Bakken repeats is in stand-still agreement with lenders until Oct. 1   Notable disclosures: * CEO says is talking

Banks Halt Support for Hanjin

A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said,

China Cosco Sinks into Red

Dragged by lackluster freight rates in the maritime transport market during the first half of 2016, China Cosco Holdings logged a 7.2 billion yuan ($1.07 billion) net loss for the January-June half,

 
 
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