SINGAPORE The court-appointed manager for Ocean Tankers Pte Ltd has applied to the Singapore court to return most of the ships the company manages to the shipowners, as cash is running low and Ocean Tankers will not be able to maintain the fleet, two sources with knowledge of the matter told Reuters.
* $540,000/day to maintain 150 vessels - sources cite EY
SINGAPORE Malaysia Airlines' parent company is still holding negotiations with lessors and creditors over a restructuring plan to keep the carrier alive, but the talks are taking longer than planned, according to a staff memo seen by Reuters.
SINGAPORE, Oct 16 Singapore's Nanofilm
Technologies International launched an initial public offering
on Friday, which three sources with knowledge of the matter said
could raise up to S$510 million ($375.4 million).
SINGAPORE, Oct 15 Asia's biggest warehouse
operator, GLP, is targeting a $1.5 billion investment in Vietnam
over three years via a new venture to tap rising demand for
logistics facilities in the Southeast Asian country, an
executive at the Chinese-owned firm said.
SINGAPORE/KUALA LUMPUR Malaysia Airlines is struggling to make payments owed to creditors and lessors amid the coronavirus pandemic that has forced it to slash its operations.
SINGAPORE/PARIS, Oct 10 A group of leasing
companies has rejected a restructuring plan put forward by
Malaysia Airlines, bringing the state carrier closer to a
showdown over its future.
* Service rollout as coronavirus curbs stoke home network
(Adds details on investors)
SINGAPORE The parent of Malaysia Airlines has warned leasing companies that state fund Khazanah will stop funding the group and force it into a winding down process if restructuring talks with lessors are unsuccessful, according to a letter seen by Reuters.
SINGAPORE, Oct 7 The parent of Malaysia Airlines
has warned leasing companies that state fund Khazanah will stop
funding the group and force it into a winding down process if
restructuring talks with lessors are unsuccessful, according to
a letter seen by Reuters.