Oman’s Renaissance Services SAOG, a service provider to the oil and gas industry, is considering an initial public offering for its Topaz Energy & Marine unit, according to people familiar with the matter. Renaissance, which has a market capitalization of about $379 million, could seek a valuation...
https://www.hellenicshippingnews.com/omans-renaissance-mulls-1-5-billion-topaz-energy-ipo/
Allied Shipbroking – Weekly SnP Statistics Report Week 38, 2018 Source: Allied Shipbroking
https://www.hellenicshippingnews.com/allied-shipbroking-weekly-snp-statistics-report-week-38-2018/
Last week, Djibouti upped the stakes in its long-running dispute with DP World, Dubai’s state-owned ports authority, as the tiny east African country bids to pry one of its key shipping hubs out of Emirati hands. At first glance, this might seem like nothing more than an emerging, ambitious state...
Chicago soybean futures lost more ground on Tuesday as U.S. exports take a hit amid an intensifying trade war with the world’s biggest importer China. Wheat slid 0.9 percent, while corn eased following four sessions of rally which was spared by strong demand and rains delaying harvest in parts of...
https://www.hellenicshippingnews.com/grains-soybeans-fall-as-trade-war-escalates-wheat-down-0-9-pct/
The Board of Directors of FSL Trust Management Pte. Ltd. refers to its earlier announcement of 5 July 2017 where it was disclosed that the Company and FSL Asset Management Pte. Ltd. (“FSLAM”) had commenced legal action against the Company’s former Chief Executive Officer, Alan Hatton. Mr Hatton...
https://www.hellenicshippingnews.com/fsl-trust-management-pte-ltd-settlement/
The International Transport Workers’ Federation (ITF) welcomes the release of the new Seafarers’ Rights International report – Cabotage Laws of the World – a ground-breaking analysis of maritime cabotage laws around the world. The study, commissioned by the ITF, provides the first independent...
Representatives of 19 companies regrouping global container terminal operators and their equipment and solutions suppliers held their 1st plenary meeting at the offices of PSA Antwerp on September 18, 2018. All attendees reiterated the importance for the container terminal industry to embrace the...
After years of easy money, many of the world’s biggest oil traders are enduring a brutal new reality. Traders have been wrong-footed by wild swings in price spreads between oil grades, particularly in the U.S. market. Amid dwindling profits, trading desks are being overhauled, with some firms...
https://www.hellenicshippingnews.com/oil-traders-suffering-dismal-year-as-easy-money-deals-vanish/
Hutchison Ports Pakistan, the country’s first deep-water container terminal, has set a new vessel handling record for Karachi, having handled 5,862 moves in just over 27 hours while servicing the 8,652-TEU Hyundai Brave. During the vessel’s stay, the terminal achieved a vessel operating rate (VOR)...
https://www.hellenicshippingnews.com/hutchison-ports-pakistan-set-new-vessel-handling-record/
The Bomin Group, a supplier of marine fuels, announced that it will exit the bunker markets in Singapore and Antwerp. Going forward Bomin will operate from only two offices: Houston and Hamburg. The two offices will serve all Bomin customers in all German ports, the US Gulf Coast, Panama, Norfolk,...
https://www.hellenicshippingnews.com/bomin-exits-the-bunker-markets-in-singapore-and-antwerp/