Daily Briefing 5 September 2017
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German peers see different outcomes to fundraising efforts
Orders at Cosco yard include four firm vessels and value could rise to $200m if options declared
The deal serves as part of China Merchants Group’s plan to merge its shipping business
Latest move extends Beijing’s ECA rules from Shanghai, Suzhou, Nantong and Ningbo-Zhoushan to other ports in the region
Korean carrier incorporated only last December looks set to join the top 20 container lines
VLCC spot rates are far below operating costs, but doubts remain as to whether it is enough to boost scrapping
Chase for east-west cargo proves too strong, prompting lines to pull the plug on traditional monthly price push
Deal values TCP at $1bn as CMPH makes inroads into South America
Harvey's disruption could affect freight rates in the long term
Company issues 55m or a 19.7% stake in its total shares to Navig8 Product stakeholders as part of the deal
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