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Daily Briefing 2 August, 2017


How lease financing carries both risk and opportunity

D’Amico’s High Discovery deal could be a case of viable financing but Italian owner needs to use prudence

Europe Italy Tankers and Gas

Gener8 plunges $82.6m into the red in second quarter

Company hit by non-cash losses from vessels held for sale

North America Gener8 Tankers and Gas

Hanjin's ghost still haunts Danaos results

Company suffers $19.3m decline in operating revenues on ships previously chartered to the former Korean flagship carrier
Europe North America Greece

Contractor loses at arbitration in dispute over Panama Canal locks construction

Tribunal orders GUPC to pay over $22m in expenses and reimburse $900,000
Panama North America Finance

Hill Dickinson lures Burdass from CJC

Lawyer switches firms to join former colleague
Europe United Kingdom Law

Maritime UK draws up export strategy hit list

Trade body eyes ‘bigger slice’ of government spending on export trade support 

United Kingdom Brexit Europe

ITF condemns 'modern slavery' for crews of three abandoned Turkish-owned vessels

Turkish company in breach of MLC guidelines, ITF reports 

Europe United Kingdom Turkey

LNG carrier spot rates hit $42,000 per day on Asian demand

First unescorted merchant LNG vessel on Northern Sea Route to reach Asia via Bering Strait in 15 days
Asia Pacific Europe International

Supramax bulker rally loses steam despite Black Sea support

China prepares to open the way for US rice imports, raising hopes for tonne-mile demand later on

Asia Pacific North America China

GSL sees improving outlook

Order discipline and scrapping to boost charter market fortunes

North America United States Containers

 

Daily Briefing 2 August 2017

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