Pacific Basin executive director joins Seabury
Chairman of Hong Kong-listed bulker owner brings wide experience in Asia’s transportation sector. Source: http://www.tradewindsnews.com
finance
India borrows $76m to upgrade Alang
Government signs loan deal with JICA for environmental work at breaking yards. Source: http://www.tradewindsnews.com
Offen and DEVK pull plug on Marenave restructuring
German company in peril again after Ernst Russ and other shareholders reject capital reduction that was key to rebuilding plan. Source: http://www.tradewindsnews.com
DP World makes double $405m move
Dubai-based terminal operator acquires 100% of repair yard Drydocks World and Dubai Maritime City. Source: http://www.tradewindsnews.com
DP World pulls out of Indonesia
Dissatisfied terminal operator decides not to renew the operating contract for Surabaya. Source: http://www.tradewindsnews.com
Braemar adds missing string to its bow by snapping up NAVES
Chief executive James Kidwell explains why moving into finance was a priority over buying a rival broker Source: http://www.tradewindsnews.com
London needs more than hope to become an IPO hub
London International Shipping Week has shown the diversity of expertise in the city, but more fundamental change is needed if it is to become a leading centre of quoted companies as the UK heads towards Brexit Source: http://www.tradewindsnews.com
Seaport sees clearer seas for Ship Finance
With Seadrill’s restructuring now clearly laid out, investment bank up estimates for lessor. Source: http://www.tradewindsnews.com
Wells Fargo likes Teekay spawn, parent less so
Teekay’s LNG and offshore segments look to be better values than parent and tankers arm. Source: http://www.tradewindsnews.com
Likely business as usual for shipping after Norwegian election
Source: http://www.tradewindsnews.com