Report: NPS Doubtful About DSME’s Restructuring Plan

South Korea’s National Pension Service (NPS), one of the main debt holders of Daewoo Shipbuilding & Marine Engineering (DSME), has not decided whether to accept the debt restructuring plan aimed at saving the country’s financially-troubled shipbuilder, Yo

Mitsubishi Heavy to Restructure Its Shipbuilding Business?

Japan’s Mitsubishi Heavy Industries (MHI) is considering to restructure its shipbuilding activities and enter local partnerships due to a low demand for new ships, Bloomberg reports.

Rickmers Maritime’s Survival Hanging on Debt Restructuring

Rickmers Maritime might be forced to wind up its business if its efforts to refinance its bank loans are unsuccessful, the trust said announcing its financial results for 2016.

Samsung Heavy Industries Lays Out Restructuring Plans

South Korea’s Samsung Heavy Industries (SHI) has unveiled details of its self-restructuring plan which reveals that the financially troubled shipbuilder plans to make the necessary workforce cuts through an early retirement scheme and to require from its

HMM Cuts Deal with Owners on Charter Rates

South Korean shipping company Hyundai Merchant Marine has struck a deal with containership owners on 20 percent charter rate cuts, the company said in a filing to Korea Exchange.

HMM one step closer to survival as bondholders approve restructuring

Cash-strapped Hyundai Merchant Marine (HMM) moved another step further towards avoiding court receivership with...

Jinhui in restructuring talks amid losses and tight liquidity

Dry bulk shipowner Jinhui Shipping and Transportation Limited has initiated restructuring talks with its creditors, as the company is hit by losses and tightening liquidity.