Commerce

As a decision nears on how the Baltic Exchange will handle IMO 2020 and index changes loom, some of the largest participants in the freight derivatives market are crying foul.

An Aegean ship at sea
Approval comes amid accusations that Mercuria is seeking to acquire the bunker supplier.

Wah Kwong chief executive David Palmer
The commercial impact of the IMO regulations need to be considered rather than the technical challenges, one shipowner told Fairplay.

Its profit for the first nine months is EUR3.9 million, down from EUR4.7 million last year, but this level might not be maintained until the end of the year.

Stephen Qi, COO of Brightoil International Trading and Bunkering
The development is another blow as concerns linger about bunkering group’s financials.

Esben Poulsson
Speaking in Tokyo on 13 November, International Chamber of Shipping chairman Esben Poulsson acknowledged that the shipping industry had little power to change the geopolitical and trade policies pursued by governments.

Egyptian port Alexandria

As utilisation levels increase, Egypt’s ports are looking to both domestic and international investors to fund expansion projects.


Sinotrans Shanghai

The Chinese state-owned group established a joint venture in North Korea before sanctions were imposed; commercial issues could arise


Philippe Louis-Dreyfus, president of Pacemar

Fifth-generation shipowner Philippe Louis-Dreyfus believes that outside experience is essential for a leadership role in a family firm.


Hamburg shipowner Erck Rickmers

Hamburg owner assumes management responsibility following restructuring of the business and the recent sale of ship management division ER Schiffahrt to Bremen-based Zeaborn Group.