Daily Briefing August 7 2019
Venezuela beats US sanctions via ship-to-ship network off Malta | Greek owners issue rally cry for policy makers to up their game
Good morning. Here’s our quick view of everything you need to know today.
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Venezuela has established a ship-to-ship transfer logistics network off Malta to receive supplies of refined products, diluents and other feedstock needed to boost dwindling oil exports and offset crippling gasoline shortages in the country.
Greek shipowners have challenged maritime legislators to up their game to produce the stable environment global shipping requires to sustain business and meet new environmental standards.
Hong Kong’s protesters were able to hit the transport infrastructure and gain international media coverage while not disrupting commerce significantly. Confidence is strong that the city will rebound, writes Vincent Wee
Four ultra large containerships of more than 19,000 teu are thought to have been taken out of service by their operators to have exhaust gas scrubbers fitted ahead of the introduction of IMO 2020 regulations.
Hong Kong-based dry bulk shipping operator Pacific Basin is positive about the prospects for the market in the second half of 2019, with demand set to outstrip supply in both the handysize and supramax segments.
The US National Transportation Safety Board has released a report citing the US Navy’s lack of operational oversight of USS John S McCain as the cause of the collision between the warship and Stealth Maritime-owned chemical tanker Alnic MC in the Singapore Strait in 2017.
Ratings agency Standard & Poor’s has revised its outlook on the London P&I Club from BBB stable to BBB negative following the recent introduction of a new methodology, the marine mutual’s manager has confirmed in a letter to members and assureds.
Containership owner Danaos has shared its positive outlook for the charter market after cost cutting enabled the US-listed company to overcome a slight dip in operating revenues to post higher second-quarter profits.
Japan's Mitsui OSK Lines has joined forces with three local companies to develop and promote zero-emission fully electric vessels.
Indonesia's Samudera Shipping has disposed of two supramaxes for $20.25m to refocus on the domestic market.
Global logistics provider DB Schenker has launched its Connect 4.0 freight booking portal in the US.
UK port operator Forth Ports will make its trial rail freight service between the ports of Tilbury in southeast England and Grangemouth, Scotland’s largest port, a permanent fixture.