MISC is pleased to announce its financial results for the financial period ended 30 June 2020. Financial Highlights: • Group revenue and operating profit for the quarter and 6 months period ended 30 June 2020 was higher than the corresponding quarter and 6 months period ended 30 June 2019. • The...
International Shipping News
Iran official: No Iranian ships or fuel cargoes have been seized -IRNA
No Iranian ships or gasoline cargoes have been seized, an unnamed official told Iran’s state news agency on Friday, following reports that four Iranian fuel cargoes had been transferred to other ships for transport to U.S. waters. “Iran, as it has repeatedly stated, will not tolerate any such...
What comes next for maritime transactional processes?
In January 2020, Pole Star and TradeIX partnered up to enable the streamlining of maritime transactional processes and the securing of sensitive data. The partnership provides a fully automated vessel sanctions screening solution to the network’s member banks, their corporate clients, and the...
https://www.hellenicshippingnews.com/what-comes-next-for-maritime-transactional-processes/
Fleet Status Report
Legal disclaimer and definitions The Drilling Company of 1972 A/S (together with its subsidiaries referred to as “Maersk Drilling” or “the Company”) hereby advises that the tables set forth above may contain inaccurate, incomplete and/or incorrect information and is subject to change at any time....
London retains arbiter crown
Fears that the UK’s decision to leave the European Union would dent the reputation of the nation’s capital as the leader in maritime arbitration cases have not been realised, according to research by shipping law firm HFW. Its research – now in its third year and led by the firm’s Craig Neame and...
https://www.hellenicshippingnews.com/london-retains-arbiter-crown/
Unwinding floating storage to loom on tanker markets through H2 2020
Tanker freight rates are expected to see continued pressure from unwinding floating storage for the remainder of the second half of 2020, shipowners Diamond S Shipping and Teekay Tankers Ltd. said in second-quarter 2020 earnings calls Aug. 13. Both calls focused on the global bearish impact that...
Continuing Connected Transactions
Reference is made to the announcement of the Company dated 14 December 2016 in relation to the Master Services Contract 2017 entered into between the Company (for and on behalf of the Group) and PIL (for and on behalf of PIL Group) pursuant to which the Group provides the services including but not...
https://www.hellenicshippingnews.com/continuing-connected-transactions/
GLOBAL BUNKERING SUMMIT 2020: 3 reasons to sign up today
With some global Coronavirus restrictions beginning to ease, the temptation to get out and recommence the face-to-face engagement we’ve all missed is overwhelming – yet the ability to host large, interactive gatherings safely and responsibly is still some way off. However, a lack of the personal...
https://www.hellenicshippingnews.com/global-bunkering-summit-2020-3-reasons-to-sign-up-today/
India’s container space tightness seen easing in Sep as imports recover after lockdown
Container space tightness in India is expected to ease from September as imports rebound after a nationwide lockdown to contain the coronavirus, delivering more containers to India’s ports, market sources said. The lack of container availability saw India’s container freight rates surge up to 67%...
Golar LNG Partners LP: Interim results for the period ended 30 June 2020
Highlights and subsequent events • Exclusive of its interest in FLNG Hilli Episeyo, Golar LNG Partners LP (“Golar Partners” or “the Partnership”) generated operating income of $32.8 million for the second quarter of 2020. • After accounting for $4.5 million of non-cash mark-to-market interest rate...