Uljanik Plovidba agrees to refinance two MR tankers after securing a discount with lenders.
https://worldmaritimenews.com/archives/261423/uljanik-plovidba-secures-debt-relief-for-mr-duo/
Finance
Grindrod chief unfazed by halving of share price since IPO
‘We’ve only just listed. We’re comfortable where we are,’ Wade says
Sovcomflot IPO put on the back burner
Privatisation no longer being actively discussed, according to federal assets management agency.
http://www.tradewindsnews.com/finance/1593295/sovcomflot-ipo-put-on-the-back-burner
Maritime Asset Partners emerges as Teekay financier
Transaction with New York-listed tanker owner means financier has passed $100m milestone
http://www.tradewindsnews.com/finance/1590814/maritime-asset-partners-emerges-as-teekay-financier
IMO Celebrates World Maritime Day
This year marks 70 years since its founding
https://www.porttechnology.org/news/imo_celebrates_world_maritime_day
Globus Maritime narrows losses, eyes fleet renewal
New York-listed bulker owner sees higher revenue on improved charter rates.
http://www.tradewindsnews.com/finance/1593732/globus-maritime-narrows-losses-eyes-fleet-renewal
Scorpio Bulkers enters into leaseback deal
The transaction is expected to improve company liquidity by $11.3m after the vessel’s loan is repaid.
http://www.tradewindsnews.com/finance/1593754/scorpio-bulkers-enters-into-leaseback-deal
Watch: Maritime trade as Africa’s lifeblood
On the occasion of the World Maritime Day 2018, Timothy Walker, Senior Maritime Security Researcher at ISS Pretoria, analyzes key issues affecting Africa in terms of its ocean and maritime security development. Mr. Walker refers, among others, to the exploitation of marine and seabed resources, sustainable fisheries and maritime security.
According to Mr. Walker, the 27th September offers an annual opportunity to critically reflect on global progress and challenges and appreciate the inherent...
https://safety4sea.com/watch-maritime-trade-as-africas-lifeblood/
Diana Shipping closes $100m bond
Simeon Palios-led bulker owner may redeem $63.3m in 2020 notes.
http://www.tradewindsnews.com/finance/1593768/diana-shipping-closes-usd-100m-bond
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...