IMSK SE is likely to be liquidated having failed to secure support for its restructuring plan.
https://worldmaritimenews.com/archives/261474/imsk-ses-restructuring-efforts-go-bust/
Finance
Carnival beats estimates, but profit estimates slump
High fuel prices and a strong dollar sink fourth-quarter estimate, dampening share price.
http://www.tradewindsnews.com/finance/1593611/carnival-beats-estimates-but-profit-estimates-slump
Market picks up as Nord/LB moves to offload MPP fleet
Interest in German bank’s decision to sell loans on 40 ships may signal light at end of the tunnel for smaller multipurpose vessels
http://www.tradewindsnews.com/finance/1588587/market-picks-up-as-nordlb-moves-to-offload-mpp-fleet
Daily Overview of Global Markets & the SEE Region (Thursday, September 27, 2018)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: In line with market expectations, the Fed raised interest rates by 25bps at this week’s two-day monetary policy meeting which concluded late on Wednesday, taking the target range for the federal funds rate to 2.00%-2.25%. Changes to the post-meeting statement were minimal with one exception: the Committee removed the reference to the policy stance as “accommodative”. However, this has no implications for the Fed’s future rate...
Maersk Addresses Honam Fire Fears with New Guidelines
Measures put in place after fire in March 2018
https://www.porttechnology.org/news/maersk_addresses_honam_fire_fears_with_new_guidelines
SPSCT18 Expert Profile: BLOC – Blockchain Labs for Open Collaboration
The revolutionary initiative powering supply chain collaboration
MSC introduces new fuel surcharge
MSC announced that it will introduce a new Global Fuel Surcharge as of 1 January 2019 in order to help customers plan for the impact of the post-2020 fuel regime.
MSC decided to implement the fuel surcharge, as its operating costs are expected to increase significantly ahead of the 2020 sulphur cap.
MSC’s Global Fuel Surcharge will replace current bunker surcharge mechanisms and will reflect a combination of fuel prices at bunkering ports around the world and specific line costs such as transit...
Tortoise shells out $53m for GasLog Partners stake
Andrew Orekar-led partnership sells 2.25 million shares to US investment advisor.
http://www.tradewindsnews.com/finance/1592310/tortoise-shells-out-usd-53m-for-gaslog-partners-stake