2015-built bulk carrier, SBI Tango
20 Sep 2018
Monaco-based Scorpio Bulkers has sold a pair of Ultramax bulkers for USD19 million each and leased them back from the buyer through a five-year bareboat charter agreement.
US dollars
19 Sep 2018
Equity investors focus more on the short-term earnings outlook and as the pace of recovery in shipping has fallen short of expectations, it has let many investors disappointed, while in the bond market, the situation is different.
Soo Cheon Lee, chief investment officer, SC Lowy.
19 Sep 2018
Hong Kong asset investor SC Lowy is targeting German banks as a prime opportunity after acquiring the bad shipping loan portfolio of Italy’s Banca Monte dei Paschi di Siena.
Evangelos Marinakis
19 Sep 2018
Marikanis-led Capital Group has placed an order for two Aframax tanker newbuilding with South Korean yard Daehan Shipbuilding.
Marsh & McLennan will be the world's biggest marine broker.
18 Sep 2018
The deal was announced this morning in London and as news spread to marine insurers in Cape Town, there was a concern over where it will leave the market.
18 Sep 2018
The speculation prompted Evergreen to put out a statement to the Taiwan Stock Exchange.
A Maersk container ship
17 Sep 2018
The new BAF, comprising a trade factor and fuel cost, will replace the existing Standard Bunker Factor and enable customers to simulate and calculate the BAF tariff at any fuel price for a given trade route.
TT-Line-operated Robin Hood
17 Sep 2018
Fairplay understands that the first of the two 45,000 gt ropax vessels that TT-Line plans to build at the Jiangsu Jinling shipyard has become a firm order.
US Gulf rig and tanker
17 Sep 2018
The new derivatives contracts, which will be listed and cleared through ICE Futures Europe, are based on the freight costs of VLCC shipments from USGC to China and of Aframax shipments from USGC to Europe (United Kingdom or the continent).
The Turkish lira shed 40% its value versus the US dollar this year
13 Sep 2018
With emerging-market currency casualties scattered across the globe, fears of a contagion and broader economic crisis are escalating. Fairplay examines the implications for shipping.
Flag of malta
12 Sep 2018
The EU Commission’s recent approval of the Maltese Tonnage Tax System has created a feeling of certainty and stability to owners intending to use the flag, but has also served as a discussion starting point on why the shipping industry is afforded special tax treatment on the income it generates and why it is treated differently from most other industries.