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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.


BY OLE ANDERSEN
Published 26.06.17 at 15:33

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Most read Bulk

It has been a bit more fun to be a dry bulk carrier in 2017

kul-2.jpg Bulk:

Rates have generally been higher in 2017, a year projected by many to be a year of beginning recovery – but a decline since the boom in the spring has curbed the budding optimism. And this could be a good thing, says J.P. Morgan.

Analysts: Dry bulk shares will be winners in 2017

Bulk:

After a brutal start to 2016, it now seems that 2017 will be a much better year for dry bulk carriers such as Norden and Golden Ocean, which currently boast positive recommendations from Danske Bank as well as Clarksons Platou.

Clipper looking at opportunities in collapsed bulk market

Bulk:

A cautious newbuilding strategy, beneficial currency developments and purchasing options on long-term chartered vessels result in solid opportunities for Clipper, chairman Frank G. Jensen tells ShippingWatch.

Police raid Stellar Daisy carrier in wreck investigation

Bulk:

Police in South Korea have raided Polaris Shipping's offices in Seoul and Busan. Investigators are hoping to find new information concerning the cause of the tragic accident in April in which the carrier's vessel, Stellar Daisy, sank in the South Atlantic.

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.

New dry bulk investor raises almost USD 75 million

Bulk:

Norwegian dry bulk duo Songa Bulk, consisting of Herman Billung and Arne Blystad, has raised close to USD 75 million for investments in dry bulk vessels. Billung and Blystad have both injected their own money into the project, which has now purchased its first vessel.

Current front page

Port of Gothenburg labor conflict required constant communication

magnuskårestedt.jpg Ports:

CEO of the Port of Gothenburg, Magnus Kårestedt, has spent much of his time in the last 18 months handling the port's labor conflict between APM Terminals and the dockworkers. "Many don't understand the core of the conflict," he says in the latest article in ShippingWatch's series on communication.

It has been a bit more fun to be a dry bulk carrier in 2017

Bulk:

Rates have generally been higher in 2017, a year projected by many to be a year of beginning recovery – but a decline since the boom in the spring has curbed the budding optimism. And this could be a good thing, says J.P. Morgan.

Svitzer awarded 15-year contract in Bangladesh

Carriers:

Maersk's towage unit has won a contract to service the first floating LNG terminal in Bangladesh. The contract supports the company's ambitions to grow in the oil and gas sector.

BP weighs divestment of oil fields in the North Sea

Offshore:

According to internal sources, BP has contacted potential buyers for its oil and gas fields in the North Sea, reports the Wall Street Journal. Asset managers are allegedly in the picture.

Keppel Marine & Offshore suffers half-year deficit

Suppliers:

Keppel's marine business, which covers several yards specializing in offshore, suffered a deficit in the first six months of the year, compared to a profit of USD 177 million in the same period last year. The offshore sector drags the business down.

Port of Rotterdam wants more state support

Ports:

Rotterdam's port booked a positive first half of the year with rising freight volumes. But if this development is to continue, the Dutch state must show more support, like in neighboring countries such as Germany, the port urges.

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