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Daily Briefing 17 August, 2017

Maersk Line's return to the black underlines speed of box trades recovery

Maersk Group chief executive Søren Skou says strong global economy and low orderbook underpinning rapid container market recovery

Europe Denmark Maersk Group

Beijing to cover $3.3bn debts for state shipbuilder CSIC

The funds will be used to ease the shipbuilder's exposure to the embattled offshore sector

China Shipbuilding

George Economou wins at the expense of corporate governance

Shareholder rights trampled in quest to raise $700m from public investors at all costs

Greece United States Dryships

Maersk cyber attack leaves no long-term impact

Customers have been supportive following Petya virus, says Skou

Europe Denmark Maersk Group

Maersk Group keeps 2017 $1bn profit forecast unchanged despite cyber attack

Impairments in tanker division and weak terminal performance lead to loss despite strong container line figures
Europe Denmark Maersk Group

Rickmers Maritime completes fleet sale to Navios

Remaining nine vessels of the fleet of 14 sold for total of $59m

Asia Pacific Singapore Europe

Ocean Rig to submit debt restructuring plans to court on September 4

Company received the votes needed to push ahead with the plans during creditors' meetings

Europe Greece Norway

PIL and PSA jump on the blockchain bandwagon with IBM

Companies to look into proof of concept blockchain-based supply chain network technologies

Asia Pacific Singapore Containers

Songa Bulk raises $45m for vessel acquisitions

Company expects to add vessels to fleet in the near-term

Europe Norway Dry Bulk

Fifty-dollar oil depresses Maersk's Energy division

Oil dependent group cannot deliver decent returns on invested capital until price rises above $60 per barrel

Europe Denmark Maersk Group


Daily Briefing 17 August 2017






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