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Daily Briefing 27 June, 2017

 

Knock out stragglers and sell ships cheap, Bunnemann urges German banks

End hidden state subsidies to speed recovery, argues rising star
Europe Germany Containers

Giuseppe Bottiglieri Shipping wins extra time to present restructuring plan to banks

Naples court gives family-run dry bulk and tanker company until the end of July to put forward a scheme

Dry Bulk Finance Italy

New York/New Jersey fights for Midwest market with raising of Bayonne Bridge

Bayonne Bridge heightening elevates Port of New York & New Jersey’s big ship draw 
North America United States Containers

Greek shipowners extend voluntary tax pact by one year

UGS members ‘unanimously’ backed doubling tonnage tax contributions for fourth year

Europe Greece Regulation

Boxship scrapping rates to remain high

Fleet rebalancing will come from demolitions rather than demand growth
Asia Pacific Europe Containers

Cosco Shipping secures $543.9m in Cexim loans to fund 10 tanker newbuildings

The latest loan is part of the larger $4.2bn financing agreement inked between Cosco Shipping and Cexim
Tankers and Gas Finance Asia Pacific

Korea Line inks 20-year LNG shipping deal with Kogas

Korea Line to deploy two LNG carriers to ship the cargoes
US States Asia Pacific South Korea

Transpacific recovery comes too late for contract rates

Asia to North America west coast container volumes are growing strongly, but early-year weakness limited annual price increases
Asia Pacific North America United States

A Polar Code for autonomous ships?

Goal-based rules could follow a clear out of regulatory obstacles for autonomous shipping
Europe Arctic shipping Regulation

Pride and perseverance at the American Club

The American Club has transitioned from catering to domestic shipowners to being a dynamic international association 

North America United States Insurance

 

Daily Briefing 27 June 2017

In Germany there are fears that zombie companies are being kept alive by what is effectively state aid. Over in Greece, owners are digging deep to give aid to the state.

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