IMO 2020 sulphur cap, earlier than usual 2020 Chinese New Year would “further disrupt and unsettle supply chains.”
Headlines
Wallenius Wilhelmsen Hit with Criminal Cartel Charges in Australia
The alleged cartel conduct is related to shipping of certain vehicles to Australia between June 2011 and July 2012.
Klaveness’ CLEANBU in Wet-Dry Cargo Switch
The company’s 83,600 dwt Baru converted from tanker to dry bulk mode after cleaning ops.
https://worldmaritimenews.com/archives/282061/klaveness-cleanbu-in-wet-dry-cargo-switch/
DP World’s Profit Surges in Uncertain Trade Environment
Profit for the period increased to USD 753 million, representing a growth of 26.8% on a reported basis.
Frontline Buying Up to 14 Suezmax Tankers from Trafigura
The company signed a deal to purchase ten 2019-built tankers, with options for four more units.
Croatia Gives 3. Maj Guarantees for up to USD 22.5 Mn Loan
The state guarantee will allow the shipyard to seek loans from banks.
StealthGas to Add Two LPG Units to Its Fleet
The acquisitions marked the company’s expansion into new areas of LPG.
https://worldmaritimenews.com/archives/282047/stealthgas-to-add-two-lpg-units-to-its-fleet/
CSSC (Hong Kong) Shipping Secures USD 600 Mn Loan
On August 20, the company confirmed it received a financing letter from an undisclosed bank in relation to the loan.
https://worldmaritimenews.com/archives/281977/cssc-hong-kong-shipping-secures-usd-600-mn-loan/
Drewry: Misdeclared Cargo Fines Unlikely to Change Rogue Shippers
Eight fire incidents occurred aboard ships carrying containers this year alone.
UK Ports’ Performance Not Hurt by Political Uncertainties in 2018
2018 data showed stable port freight tonnages overall, with only a 0.1% difference on the previous year.