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Banks push multipurpose operators into consolidation

Bulk:

Consolidation in the Dutch multipurpose sector is driven by banks demanding mergers before they can leave vessels to operating companies, writes Alphaliner.


BY OLE ANDERSEN
Published 29.12.16 at 11:11

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Most read Bulk

Are MPP owners headed out of a ten-year slump?

csm_doublebanking_01_2029a26108.jpg Bulk:

Drewry eyes signs of recovery in the project cargo market in the second half of the year and into 2018. Part of the reason stems from improvements in competing sectors in dry bulk and container.

Dry bulk terminals fail test of high-risk cargoes

Bulk:

The current methods for testing whether a dangerous cargo is at risk of liquefaction during sailing are inadequate and should be changed, says the Association of Bulk Terminal Operators, citing various samples of cargoes which have become liquefied despite passing tests.

US-based equity fund buys stake in Songa Bulk

Bulk:

US-based equity fund Evermore Global Advisors now owns a little over 10 percent of Norwegian dry bulk shipowner Songa Bulk, which is controlled by shipping investors Arne Blystad and Herman Billung.

"An industry downturn is exactly what we need"

Bulk:

The dry bulk carriers, sore after several tough years, are becoming increasingly optimistic about the future. But Herman Billung, who recently established dry bulk investor Songa Bulk, praises the slowdown in the sector. "Another six months and we'll be home free," he says.

Insurance firm warns of dangerous loads after shipwreck

Bulk:

London P&I Club and two partners have issued new guidelines for sailings with dangerous cargo which can become liquefied if humidity levels are too high. Last Friday, Stellar Daisy was shipwrecked after sailing with category A cargo.

New rules for dangerous bulk cargo will take years

Bulk:

The IMO's new and tightened requirements for bauxite transports are expected to come into force from January 1st 2018 at the earliest, sources tell ShippingWatch. This will be years after the dramatic wreck of vessel Bulk Jupiter.

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Frontline abandons corporate acquisitions and bets on own fleet

FRONT_ODIN_210410A (36) small.JPG Tanker:

John Fredriksen's crude oil tanker carrier Frontline has given up its efforts to buy its way to a position as the world's biggest player in its segment. For now at least. The carrier bets on the benefits from its own fleet renewal, CEO Robert Hvide Macleod tells ShippingWatch.

Hapag-Lloyd has lost efficiency following merger

Carriers:

According to SeaIntel, the merger with Chilean CSAV has cost the German container carrier 11 percent of its otherwise all-time high efficiency measured in freight volumes and number of employees.

Are MPP owners headed out of a ten-year slump?

Bulk:

Drewry eyes signs of recovery in the project cargo market in the second half of the year and into 2018. Part of the reason stems from improvements in competing sectors in dry bulk and container.

Maersk's customer can soon monitor reefer containers

Container:

Starting next month, Maersk Line's customers will be able to monitor where the carrier's reefer containers are located as well as the internal temperatures. This comes in response to requests from customers, says CCO.

Carriers ordering far more tankers and bulkers this year

Tanker:

The number of new dry bulk and tanker vessels ordered in the first half of the year has soared big-time – and this is far from what the sector needs, says Bimco's chief analyst in an update.

Scan Global CEO hopes for a more stable container market

Container:

The container carriers' higher freight rates do not constitute an actual problem for Danish freight forwarder Scan Global Logistics. But the CEO tells ShippingWatch that he hopes prices will soon stabilize.

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