German research institutes RWI and ISL say there are clear signs that world trade volumes are stagnating at best.

 


Yoo Chang Keun

Shipowner HMM will impose fuel surcharges from 2019


German co-operative banking group DZ Bank is pressing ahead with the break-up and piecemeal sale of its shipping and transport financier DVB Bank, according to Reuters.


Yoo Chang-keun

The Korea Development Bank will subscribe to USD878 million of bonds issued by Hyundai Merchant Marine as the South Korean liner operator seeks to bolster its cash holdings.


MPC Capital sees its strategic shift from KG equity-raising to investment management for institutional investors making significant progress this year. 


KDB

A South Korean lawmaker has asked the Korea Development Bank to exercise caution when granting loans to special purpose vehicles (SPV) registered in offshore jurisdictions, as shipowners could use the SPVs to under-declare their income.


An aerial view of Daehan Shipbuilding

Upon delivery from May 2019 to mid-2020, the vessels will be chartered to Gunvor’s shipping arm, Clearlake Shipping.


Samsung Heavy Industries

More than 100 standard LNG carriers are now on order as shipping rates have hit a six-year high of USD147,000/day, SHI announced that an Oceania-based customer had ordered a 174,000 m³ LNG carrier for delivery in January 2021.


Martin Brown

Martin Brown leaves Ince & Co to join Stephenson Harwood as the firm's partner.


Kyauk Phyu Star

Bangladesh remains the “go to” market, with some of the best rates currently on offer for scrap.


MSC Gayane

Global Maritime, the shipping section of JP Morgan, continues to accquire vessels and, through its fundraising, invests in modern vessels operating in shipping subsectors that are experiencing substantial distress.


US supply chain software group E2open said on Monday that it has agreed to buy the New Jersey-based company for an undisclosed sum from its majority shareholder ABS Capital (51%) and minority partners Maersk/Hamburg Süd, Hapag-Lloyd/UASC, MSC and CMA CGM which still control 49%


Aerial view of the length of a container ship

The biggest rises in resource consumption – and probably also in trade – is expected to be in metallic minerals, including construction materials and metals, particularly in the fast-growing developing economies.