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Daily Briefing 14 July, 2017


Chinese port players to rival global giants within 10 years

China’s rapid overseas expansion in recent years is just a start, says Drewry managing director Timothy Power

Asia Pacific Europe Middle East and Africa

‘More British’ future seen for Hamburg

German maritime cluster hopes to grab London shipping services work post-Brexit

Europe Germany Containers

IEA’s oil report boosts tanker market sentiment

Supplies are up, inventories are down and oil prices are under pressure, says IEA — all positives for tanker markets

Middle East and Africa Nigeria Saudi Arabia

Spanish ports slapped with $3.4m fine

European court goes easy on Spain for breaches of employment laws with drastic reduction of recommended penalty

Europe Spain EU

Short-term pricing ‘now better for shippers’ on China-Europe trade

Benefits to cargo owners of longer-term ocean freight contracts declining as market softens, says Xeneta

Asia Pacific Europe Containers

Cape earnings bounce back to over $7,000 per day

Steady iron ore flows from Australia lead to gains, while forward prices help improve sentiment
Capes Dry Bulk Ship operations

Shippers and forwarders highlight concerns over ocean freight no-show fees

Customers link new late-cancellation charges to ‘exceptional’ recent capacity crisis, claiming carriers must compensate cargo owners for ‘roll-overs’ and void sailings

Europe Containers Ports and Logistics

Mercator Lines' reverse takeover deal axed

Individual parties did not meet agreement’s conditions, judicial manager says

Dry Bulk Finance Singapore

Top Ships teams up with Gunvor on two tanker newbuildings

Vessels will be on time charter upon delivery, with gross revenue estimated at $55m
Europe Greece Switzerland

ClassNK certifies Isiksan yard in Turkey

Facility is the second in the country to comply with Hong Kong Convention for responsible ship recycling

Turkey Regulation Ship Recycling

 

Daily Briefing 14 July 2017

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