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Chairman Ren Yuanlin’s possible return to the helm is hugely important for Yangzijiang, which is pinning its hopes on a big turnaround in the second half to hit its full-year new order target. The return of the business maestro would inspire confidence that it is heading in the right direction
Eagle’s Copenhagen office will be headed up by Mathias Groenvald, who has more than 30 years experience in the dry bulk industry
Announcement comes in response to rumours that the shipbuilding veteran was involved in an anti-graft probe into a formal high-ranking official in Jinjiang city, where Yangzijiang is based
His early success in dry bulker business had crowned him as one of the four magnates, or ‘kings’ as the locals put it, in Hong Kong’s modern history of shipping
Request to halt trading in shares comes shortly after a query by the Singapore Exchange asking the Chinese shipbuilder to explain the unusual share price slump
Mr Zhang now holds posts as a vice-general manager of Cosco Shipping Holdings and the chairman of Cosco Shipping Ports
Mr Jones’ expertise on past and current freight rates, and ability to undertake valuation work will prove valuable, with HFW’s Singapore office handling an average of 200 to 250 ship closings a year
‘Fixed P&I is an important part of our product mix, but it requires selective underwriting in this challenging market sector,’ says West chief executive Tom Bowsher
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