Oil & Gas

Seaspan still focused on container shipping, despite diversion into energy sector

Boxship lessor Seaspan Corporation says it remains “fully focused” on growing its non-operating containership-owning business, despite its recent decision to invest in the energy sector.
In a lengthy Q&A session, part of its third-quarter earnings call yesterday, management repeatedly denied that a potential $200m investment in the restructured Singapore-listed Swiber Group meant it was no longer interested in container shipping.
Chairman David Sokol said Seaspan would “continue to look at...

https://theloadstar.co.uk/seaspan-still-focused-container-shipping-despite-diversion-energy-sector/

2020 ship fuel overhaul will cost Russian oil firms billions

Rules mandating cleaner shipping fuels – set to take effect from 2020 – will hit Russia’s wallet. The country is the world’s largest exporter of high-sulphur oil and, according to Bloomberg, it does not look prepared for the change. Unlike its competitors in Europe and the US, which have braced themselves and made necessary changes, Russian companies have reportedly done very little. One analyst said the country had no chance …

The post 2020 ship fuel overhaul will cost Russian oil firms billions

https://theloadstar.co.uk/2020-ship-fuel-overhaul-will-cost-russian-oil-firms-billions/

Transnet Updates Industry on Process of Attracting New Terminal Operators into Port of Durban’s Island View Precinct

Further to SA Shipping News post dated 11th April 2018 – Transnet Targets New Terminal Operators for Port of Durban’s Island View Precinct – Transnet National Ports Authority (“TNPA”) today outlined progress in implementation of its Island View Precinct Strategy, which sets out to facilitate greater participation of historically disadvantaged persons in Terminal Operations and enhance the country’s supply of strategic liquid bulk commodities, while encouraging new entrants into the market.

The...

http://www.sashippingnews.com/2018/10/15/transnet-updates-industry-on-process-of-attracting-new-terminal-operators-into-port-of-durbans-island-view-precinct/

Seaspan diversifies as it steps in to take control and save Swiber

Seaspan, the world’s largest non-operating containership owner, has announced its first significant investment outside the sector, suggesting it intends to diversify its business model.
The New York-listed lessor, with an operating fleet of 112 ships, said it planned to invest up to $200m in the restructured Singapore-based oilfield services group, Swiber Holdings.
Seaspan has a war chest of $1bn via investment from Fairfax Financial Holdings, now a 22% shareholder.
It had been assumed that …

The...

https://theloadstar.co.uk/seaspan-diversifies-steps-take-control-save-swiber/

Kerry Logistics promotes Kenny Rutgersson as MD Sweden

Kerry Logistics has promoted Kenny Rutgersson to managing director of Kerry Logistics (Sweden).
Mr Rutgersson will drive the growth strategy and business development in international freight forwarding, warehousing and distribution in Sweden. A strong focus will be on strengthening the contract logistics business.
Mr Rutgersson has more than 20 years’ logistics experience and joined Kerry in Sweden as head of 3PL three years ago. Apart from his operational expertise, he also focuses …

The post Ke...

https://theloadstar.co.uk/kerry-logistics-promotes-kenny-rutgersson-md-sweden/

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