Vinay Gupta-led Union Marine Management Services (UMMS) has entered the tanker segment after 13 years, acquiring two chemical tankers from Flyte Logistics. With over 80 bulk carriers in its fleet, UMMS aims to expand the tanker segment to enhance crew pool development and service quality. Gupta, with extensive maritime experience, founded UMMS in 2012 after working with Fleet Management for eight years onshore.
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OCBC says it will not make further offers for Great Eastern even if delisting proposal fails
Oversea-Chinese Banking Corp (OCBC) announced it will not pursue another offer to acquire the remaining shares of Great Eastern if shareholders reject the delisting proposal on July 8. OCBC, which currently owns 93.72% of Great Eastern, plans to maintain its non-voting shares to restore free float and trading if the delisting does not proceed. Need More Context? 🔎
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