Edition:
India

Anshuman Daga

Singapore's Ocean Tankers wants to return most ships to owners - sources

7:34am IST

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.

RPT-Singapore's Ocean Tankers wants to return most ships to owners - sources

6:49am IST

* $540,000/day to maintain 150 vessels - sources cite EY update

Malaysia Airlines restructuring talks prolonged, CEO tells staff

17 Oct 2020

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.

UPDATE 3-Singapore's Nanofilm to raise up to $375 mln, largest local IPO in years

16 Oct 2020

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).

Logistics giant GLP plans $1.5 bln Vietnam investment to ramp up business

15 Oct 2020

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.

Explainer: Malaysia Airlines' survival in doubt as political support dims

13 Oct 2020

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.

UPDATE 1-Lessors oppose Malaysia Airlines restructuring plan -letter

10 Oct 2020

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.

UPDATE 2-Philippines' Converge set to raise $600 mln in country's 2nd biggest IPO

09 Oct 2020

* Service rollout as coronavirus curbs stoke home network demand (Adds details on investors)

Exclusive: Malaysia to stop funding state carrier if talks with lessors fail -letter

08 Oct 2020

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.

EXCLUSIVE-Malaysia to stop funding national carrier if lessor talks fail -letter

07 Oct 2020

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.

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