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Daily Briefing 8 August, 2017

Crude tankers falling from grace

The crude tanker market in graphs: Fleet growth outweighs modest oil demand expansion as rates remain in the doldrums 

Asia Pacific China Middle East and Africa

Rising capital demands are behind OOIL sale, says CC Tung

OOIL chairman unveils a $53.6m first-half profit and expands on the logic behind the line's decision to find a buyer
Asia Pacific Europe US States

Dalian box terminals to merge operations

Single entity to be responsible for the businesses of Dalian Port Container Terminal and Dalian International Container Terminal.
Asia Pacific China Hong Kong

Cosco Singapore to buy 40% stake in Indonesia shipping firm

Group currently in negotiations to determine a price for the deal
Asia Pacific China Singapore

NAT seeks to diversify financing structure after second-quarter loss

Suezmax specialist faces capital expenditures of $116m in newbuilding deliveries in July-December
United States Norway Tankers and Gas

VLCC earnings head for three-year low despite strong oil demand

Firm underlying oil demand signals outweighed by severe vessel oversupply in Middle East
Middle East and Africa China United States

Nigerian maritime authorities tighten cabotage regulations

Move aims to protect local jobs
Middle East and Africa Nigeria Ports and Logistics

APL exploring Oceania routes for growth

CMA CGM unit is also enhancing its Middle East and South Asia presence to strengthen market position
Asia Pacific Singapore Europe

The Pacific playground for autonomous vessels

Australia allows unmanned ships in its waters, adding to the northern European cluster
Asia Pacific Australia Crewing

Fair treatment of seafarers can be a reality

Change is in the air regarding the fair treatment of seafarers, says Hilton Staniland, professor of maritime law at the Institute of Maritime Law, University of Southampton and member of the Seafarers’ Rights International Advisory Board
International Crewing Regulation


Daily Briefing 8 August 2017






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