Watson Farley & Williams (“WFW”) has advised long-standing client Teekay Tankers Ltd. (”Teekay Tankers”) on the sale-and-leaseback for six Aframax tankers, improving its net liquidity position by US$60m after the repayment of outstanding related debt. As part of the financing, one of a range of...
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Rouhani warns U.S. over preventing Iran from exporting oil -ISNA
Iranian President Hassan Rouhani on Monday cautioned the United States about pursuing hostile policies against Tehran, saying preventing Iran from exporting oil would be “very dangerous”, but he did not rule out talks between the two countries. “Imposing sanctions on Iran to prevent us from selling...
https://www.hellenicshippingnews.com/rouhani-warns-u-s-over-preventing-iran-from-exporting-oil-isna/
Jamaica celebrates its strong shipping sector with Maritime Awareness Week
Jamaica will this week hold a series of events to highlight the breadth and importance of its maritime sector, aiming to encourage more young people to join this vibrant and fast-developing industry. In Jamaica, the Maritime Authority of Jamaica (MAJ) engages the maritime and supporting industries...
SRI Delivers Ground Breaking Survey
Seafarers’ Rights International (SRI), a world leading international centre researching maritime and seafarers’ law, has published a new report that explores the nature and extent of cabotage laws around the world. The report, Cabotage Laws of the World, has identified for the first time 91 member...
https://www.hellenicshippingnews.com/sri-delivers-ground-breaking-survey/
US ports fear they will be big losers in trade war
America’s ports are fearful that they will be big losers as the escalating trade fight between Washington and Beijing bites into business. The anxiety is that tit-for-tat tariffs between the two economic superpowers will crimp shipments, denting port revenues. Mr Kurt Nagle, head of the American...
https://www.hellenicshippingnews.com/us-ports-fear-they-will-be-big-losers-in-trade-war/
US miner Corsa emulates Glencore as coking coal prices surge
US miner Corsa Coal intends to extend its trading activities longer term and ramp up low-vol coking coal production as it meets higher US domestic steel-related demand for 2019, the company’s CEO said in an interview. Corsa expects organic growth at mines in Pennsylvania and Maryland and sees the...
https://www.hellenicshippingnews.com/us-miner-corsa-emulates-glencore-as-coking-coal-prices-surge/
Oman’s Renaissance Mulls $1.5 Billion Topaz Energy IPO
Oman’s Renaissance Services SAOG, a service provider to the oil and gas industry, is considering an initial public offering for its Topaz Energy & Marine unit, according to people familiar with the matter. Renaissance, which has a market capitalization of about $379 million, could seek a valuation...
https://www.hellenicshippingnews.com/omans-renaissance-mulls-1-5-billion-topaz-energy-ipo/
Allied Shipbroking – Weekly SnP Statistics Report Week 38, 2018
Allied Shipbroking – Weekly SnP Statistics Report Week 38, 2018 Source: Allied Shipbroking
https://www.hellenicshippingnews.com/allied-shipbroking-weekly-snp-statistics-report-week-38-2018/
Djibouti’s Attempts To Vanquish Dubai Ports Operator Spells Trouble For Washington
Last week, Djibouti upped the stakes in its long-running dispute with DP World, Dubai’s state-owned ports authority, as the tiny east African country bids to pry one of its key shipping hubs out of Emirati hands. At first glance, this might seem like nothing more than an emerging, ambitious state...
GRAINS-Soybeans fall as trade war escalates; wheat down 0.9 pct
Chicago soybean futures lost more ground on Tuesday as U.S. exports take a hit amid an intensifying trade war with the world’s biggest importer China. Wheat slid 0.9 percent, while corn eased following four sessions of rally which was spared by strong demand and rains delaying harvest in parts of...
https://www.hellenicshippingnews.com/grains-soybeans-fall-as-trade-war-escalates-wheat-down-0-9-pct/