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Photo: Georg Hammerstein/POLFOTO/ARKIV

Key Chinese ports to introduce sulfur limits by turn of the year

Ports:

11 major Chinese ports will by January 1 2017 introduce tighter sulfur emission regulations, informs the International Bunker Industry Association, IBIA.


BY LOUISE VOGDRUP-SCHMIDT
Published 19.12.16 at 09:30

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Most read Ports

Keppel shuts down three yards in Singapore

rig.jpg Ports:

Offshore and marine company Keppel delivers its smallest annual profit in ten years and will thus close three yards in its homeland of Singapore. The workforce has been reduced by about one third and the CEO is ready to do what is necessary.

U.S. longshoremen earn three times average national wage

Ports:

The unionized American longshoremen earn significantly more than the average worker in the U.S., writes SeaIntel in an analysis.

Maersk Line and APM Terminals in exclusive deals

Ports:

APM Terminals is inching closer to Maersk Line through exclusive deals in which, for instance, financial risk from the terminal company is transferred to the container carrier. The ties between the two formally independent companies have been subject to controversy before.

Port of Rotterdam believes in strong year for container freight

Ports:

The Port of Rotterdam has experienced a notably large increase in the number of containers during the first quarter of 2017. Port authority CEO Allard Castelein believes that the new alliance constellation could lead to a strong year in container for the port.

Port of Busan hit hard by collapse of Hanjin Shipping

Ports:

Korea's top port, Busan, will take a big hot from the collapse of Hanjin Shipping and the subsequent changes reverberating through the container alliances, where Hyundai Merchant Marine will now collaborate with 2M, reports Korea Herald.

Port of Rotterdam: Stop state aid to Hamburg and Antwerp

Ports:

Government subsidies to the major container ports in Antwerp and Hamburg are unacceptable and need to be stopped, says the Port of Rotterdam.

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Kuehne+Nagel CEO: Container industry has a problem

D_Trefzger.jpg Suppliers:

One of Europe's biggest logistics and forwarding companies, Kuehne+Nagel, will take the container carriers' abilities to go digital into account when signing orders in the future, CEO Detlef Trefzger tells ShippingWatch.

These are the new lenders in shipping

Services:

Since the turn of the year alone, numerous new financing opportunities have emerged for the shipping companies as alternatives to the traditional shipping banks. ShippingWatch provides an overview below.

Singapore wants more investors to enter the field

Services:

Despite its indisputable role as the world's shipping center, financing for maritime companies has been lagging behind in Singapore, and the country will now work to bring carriers and investors closer together. The understanding of shipping as an investment represents one of the challenges.

Bimco: Tanker scrapping will quadruple this year

Tanker:

There has been major growth in the number of scrapped oil and product tanker vessels during 2017, but this is not likely to ease the pressure on the tanker market, writes Bimco in a new forecast.

Media: Norwegian carriers secure wind orders for NOK 4 billion

Carriers:

Last year, Norwegian carriers bagged orders in offshore wind worth at least NOK 4 billion, according to calculations from Norway's Sysla.

Pacific Basin hires CFO from BW Pacific

Bulk:

Pacific Basin has hired a new CFO who is joining the company from tanker carrier BW Pacific. He has a background in the finance sector and will start in his new position in August when the current CFO steps down.

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