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Daily Briefing 29 August, 2017

MSC goes for retrofits rather than new ship orders

World's second largest container line said to be sticking to its view that now is not the time to order more ultra-large boxships
Europe Asia Pacific Switzerland

Tankers to feel the heat of Hurricane Harvey aftermath

Damage to US oil and gas infrastructure could reverberate across tanker markets

North America US States Tankers and Gas

MOL, NYK and K Line to develop trade data sharing platform using blockchain

Consortium also includes trade partners from banking, insurance, logistics and export/import sectors
Asia Pacific Japan K Line

Corpus Christi sustains light to moderate hurricane damage

Major oil port expects to start channel surveys as early as Monday

North America US States Tankers and Gas

Houston area ports shut till mid-week as area battles floods

Emergency response and recovery hampered by widespread flood damage
International North America US States

Bahri places $120m order for dry bulk quartet

Hyundai Heavy Industries to build the four vessels 
Middle East and Africa Asia Pacific South Korea

Capital Product Partners secures employment for three MR tankers

NASDAQ-listed Capital Product Partners has inked time charter deals for three of its medium range tankers helping the firm bring its coverage to 90% in 2017 and 58% in 2018.

The 2015-built, 50,108 dwt IMO II/III Eco chemical/product tanker Amadeus will be employed by Repsol Trading for a period of one year at a gross daily rate of $14,500, from October this year.

Repsol will also have the option to extend the charter for one extra year at a rate of $14,750 per day for the tanker built by Samsung Heavy Industries (Ningbo).

The 2006-built 36,759 dwt IMO II/III chemical product tanker Aktoras and 2007-built 36,725 dwt Aiolos will both be employed by Capital Maritime & Trading Corp for a period of 10-12 months at a a gross daily rate of $11,000 per day with the addition of a 50-50 profit sharing scheme on actual earnings paid every half year.

Europe Greece North America

Handysize market registers modest increase in rates

Tight tonnage in the Pacific did not provide much support to the earnings 

Asia Pacific South America Dry Bulk

US Navy recovers remains of 10 missing sailors from USS John McCain

US officials continue with investigations to verify the cause of the collision between the warship and oil tanker

Asia Pacific Singapore United States

Round the bend

Too many people think that today's huge boxships drive around with the precision of a top of the range car

Europe Belgium Containers


Daily Briefing 29 August 2017






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