Japanese shipowner K Line is set to use a variety of methods including low sulphur fuel and scrubbers to comply with the IMO’s 0.5% global sulphur cap in 2020.
Asia
Port of Guangzhou promotes South China ‘city of opportunity’
A delegation from the Port of Guangzhou brought a roadshow to London this week, to remind of their role as one of China’s largest ports and to drum up support for the city’s hosting of the 31st World Ports Conference of the IAPH (International Association of Ports & Harbours) in May 2019.
Bernhard Schulte eyeing maritime service company acquisitions
Bernhard Schulte is eyeing acquisitions in the maritime services sector in Singapore, as well as major growth of its ship management fleet in the Lion City.
Dry bulk FFA market: Capesizes unaffected by typhoon but weighed down by supply glut
It was a quiet week for the freight market which neither the Singapore F1 race nor typhoon Mangkhut hitting Hong Kong and Souch China failed to make any impact.
Triyards receives another winding up order
Offshore shipbuilder Triyards, part of Singapore’s Ezra Holdings, has revealed that an application has been filed by Hong Leong Finance in the High Court of Singapore seeking to wind up the company. A hearing has been set for October 12, and Triyards says it is taking advice on the matter. Earlier...
https://splash247.com/triyards-receives-another-winding-up-order/
Saudi Arabia to join China Pakistan Economic Corridor project
Suggesting a major change in global oil flows, Saudi Arabia is expected to sign up to add billions of dollars of petrochemical infrastructure to the Chinese-built port of Gwadar in Pakistan. Saudi Arabia is committing up to $8bn in the China Pakistan Economic Corridor (CPEC), a transit route...
https://splash247.com/saudi-arabia-to-join-china-pakistan-economic-corridor-project/
Trafigura names first tanker pair in 35 vessel newbuild progamme
Commodities trading house Trafigura has named the first two of some 35 newbuildings being built at yards in South Korea and China.
Sulphur cap could be golden opportunity for shipowners
The global sulphur cap is starting to look like an opportunity for the shipping market to finally push through some reasonable freight rate increases, judging from the undercurrents at the Ince & Co business briefing on IMO regulation that kicks in on 1 January 2020.
Frank Coles to take up ceo role at Wallem
Former Transas chief Frank Coles is taking over the helm at Wallem Group from the outgoing ceo Simon Doughty.
http://www.seatrade-maritime.com/news/asia/frank-coles-to-take-up-ceo-role-at-wallem.html
BW’s Sohmen-Pao astonished by amount of new equity in shipping given rates of return
Given how difficult it is to recover the cost of capital in shipping BW Group chairman Andreas Sohmen-Pao says he is “astonished” by the amount new equity that comes into the industry.