Marine Insurers Troubled by Rising Major Vessel Casualties

There has been a continued increase in frequency of major vessel casualties, according to the International Union of Marine Insurance (IUMI).

China’s ship-breaking industry swimming through troubled waters

China’s ship-breaking industry is feeling hemmed in by low steel prices, scrap oversupply and green...

800 staff face the axe at troubled STX yard

Financially troubled STX Offshore & Shipbuilding (STX O&S) will slash 800 staff, roughly 30% of its approximate 2...

69 troubled P2P lending platforms reported in China in Jan

P2P (peer-to-peer) lending platforms ran into trouble in January, according to Wangdaizhijia, a web portal that...

Financially troubled Rongsheng pushed into restructuring

Major private shipbuilder China Ronsgsheng Heavy Industries Group looks like its fate is being forced upon it...