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Daily Briefing 13 July, 2017

Cosco-OOIL marriage creates hard-to-beat competitor, says Maersk China chief

Consolidation allows carriers to avoid destructive rivalry and compete on better services, according to Tim Smith

Containers Consolidation Maersk Group

Bangladeshi shipbreakers are back with a bang

Scrap prices set to improve as the Bangladeshi government withdraws tax, offering alternative destination to shipowners

Asia Pacific Bangladesh China

Video: China makes all our stuff, does it want to ship it too?

Janet Porter talks about the merger of Cosco and OOIL on BBC World News
Asia Pacific China Hong Kong

Corpus Christi in the frame to lead US oil export blitz

Large capital investments will remove restrictions and make port the hub of US crude exports, says Pira Energy

Tankers and Gas Ports and Logistics North America

Cosco Shipping Development buys used containers worth $200m

Acquisition will help the leasing outfit expand scale and increase share of self-owned boxes
Asia Pacific Hong Kong China

DryShips sees off investor's challenge to issuing more shares

Attempt to rein in company's repeated equity dilution fails in court

Europe Greece North America

Denmark to deploy aerial sniffers for emissions monitoring

Helicopters are currently favoured, but drones could help monitor sulphur and nitric oxide emissions
Europe Denmark Bunkers

Charter rates fizzle as summer hits home

Market sentiment remains strong with an encouraging low idle fleet and fixture negotiations bubbling in the background
Containers Charter rates Market Insight

GulfNav to issue $250m of bonds to fund expansion

Dubai-listed group reports first-quarter profit up 39% and says it expects to double fleet size by 2020

Tankers and Gas Finance Middle East and Africa

Shipping restructuring boosts profits at DNB

Big reductions on impairment losses, industry’s top lender reports

Finance DNB Europe


Daily Briefing 13 July 2017






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