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Daily Briefing 23 June, 2017


No idea on share price surge, Cosco Singapore tells SGX

The company is seeking M&A opportunities, but media reports of OOCL being the target make little sense.

Asia Pacific Containers Dry Bulk

DSME postpones four-vessel order on owner’s request

Delivery date pushed back to April 22, 2019
Shipbuilding Finance DSME

Taiwan's China Steel Corp orders four newcastlemaxes for $187m

Company orders two vessels at compatriot yard CSBC Corp and two at Japan Marine United.

Dry Bulk Shipbuilding Asia Pacific

Italy’s RBD Armatori studies options to avoid bankruptcy

Small private dry bulk and tanker owner fails to win majority support from creditors needed for restructuring

Dry Bulk Finance Italy

Panama Canal toll decision expected in two weeks

Rise in rates imminent amid healthy flow through the canal from the US to Asia
Tankers and Gas LPG Panama

Metrostar inks aframaxes at Daehan

Comeback project after VLCC disposals now numbers four units at Korean yard

Europe Greece Shipbuilding

AET lands long-term shuttle tanker charter

Vessels will be delivered in 2019
Tankers and Gas Europe Norway

Pilbara to raise port dues

Authority's board approves plan to raise fees as export volumes reach new highs
Dry Bulk Ports and Logistics Ship operations

Vessel offloading still suspended in US Gulf as storm hits

High winds and heavy rains disrupt operations at Louisiana Offshore Oil Port
Tankers and Gas Suez and Aframax VLCC

Maersk Line and MCC announce Asia Pacific management changes

Bo Wegener takes the helm at MCC, while Rupesh Jain heads up Maersk Line’s Southeast Asia operations
Containers Asia Pacific Maersk Group


Daily Briefing 23 June 2017

As DSME puts the brakes on one quartet, hungry owners show their appetite for new vessels despite recent warnings on balancing capacity. Elsewhere, talk of an acquisition by Cosco may have brought benefits to an unrelated subsidiary.






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