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Scorpio Tankers prepares for 2020 with massive capital increase

One of the world's largest tanker shipping companies will tap the capital market to raise USD 300 million. A big part of the shares will be bought by Scorpio Bulkers. Analyst notes that the capital injection comes ahead of the 2020 regulations.

Photo: Scorpio Tankers/PR

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Hapag-Lloyd: New BAF will break with old policies

A new bunker adjustment factor at Hapag-Lloyd will help ensure two things, explains Juan Carlos Duk, managing director of global commercial development, to ShippingWatch. The BAF will very much address longstanding criticism from customers.

No supertanker orders in the third quarter

Higher prices and concerns over the order book have meant that the number of new orders for the major VLCC vessels in the third quarter landed at zero, writes JP Morgan in a new report.

DP World looking at Eritrea as a way to sidestep Djibouti troubles

Arabian port major DP World is considering investing in Eritrea as a possible key destination at the Horn of Africa, says CEO. Eritrea could thus become an alternative to Djibouti, where the company is in a dispute with the government concerning a terminal concession.

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