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Daily Briefing 21 July, 2017


Long Beach box volumes bounce back after hit following Hanjin Shipping collapse

New director Mario Cordero hopes $4bn infrastructure programme will pay off as Cosco takeover of OOCL triggers competition between LA and Long Beach for cargo shipped by Chinese super-group
North America United States COSCO

Singapore tops shipping centre index, with Shanghai on the rise

Shanghai's rise in Xinhua-Baltic index shows robust shipping momentum in Asia, says Baltic Exchange China managing director Marcus Lee

Asia Pacific Singapore Ports and Logistics

EEX eyes growth in battle for freight clearing dominance

European Energy Exchange sees 'significant' boost to market share from its recent agreement with London Clearing House

Dry Bulk Bunkers Europe

Product tanker earnings ease but fronthaul transatlantic trade sees support

Consultancy MSI expects product tanker rates to experience a lull in the third quarter before a modest upturn in the fourth

Tankers and Gas Products Asia Pacific

Waterfront welcomes three ship agencies as network partners

China’s One Belt, One Road to provide ample opportunities to the wet and dry bulk markets

Middle East and Africa United Arab Emirates South America

Wärtsilä profits grow amid marine sluggishness

Manufacturer’s marine business is worst performer, but picks up during the second quarter

Europe Finland Wartsila

Panamax bulkers earnings rise back above $10,000 per day

Buoyant segment supported by increasing Brazilian corn exports

Panamax Dry Bulk South America

Nam Cheong to stop debt payments while restructuring

Debt-ridden firm seeks creditor support to avoid bankruptcy as market slump drags on

 
Asia Pacific Malaysia Singapore

Maersk wins service contract filing exemption

FMC approves line's request in wake of Petya attack

Europe North America Denmark

EBRD backs Turkish ro-ro deal with funds

Bank steps in to plug gap in long-term funding for Turkish companies, offering $32m for purchase of a new ship

Europe Turkey Ports and Logistics

 

Daily Briefing 21 July 2017

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