‘Shipshape 10’ News for Week Ending March 12th, 2017

‘Shipshape 10 List’, a list of news and articles published in the current week that a senior executive in shipping, shipping finance, commodities, energy, supply chain and infrastructure should had noticed; news and articles that are shaping the agenda and the course of the maritime industry.

Sometimes seemingly tangential, sometimes humorous, occasionally sarcastic, but always insightful and topical.

And, this week’s ‘Shipshape 10’:

1. Bremer Landesbank Flags Heavy Shipping Losses (Splash 24/7)

2. Green Finance for Dirty Ships (The Economist)

3a. HMM Signs Government Sale-Leaseback Deal for 10 Ships (The Maritime Executive)

3b. Golar LNG Signs Sale-and-leaseback Deal with Cosco Shipping Development (Splash 24/7)

4. Private Equity’s Big Dry Powder Mountain (Bloomberg)

5a. ZIM Shipping Names New CEO in Face of Possible Sale (The Wall Street Journal) quoting Basil M Karatzas

5b. THE Alliance Draws Up Plan to Protect Group from Member Bankruptcy (gCaptain)

5c. Wider Entrance to Port of Hamburg Provides More Room for Big Ships (gCaptain)

6. China cuts growth goal, puts focus on reform and ‘firewall’ against risks (Reuters)

6b. Cruise Control: China Squeezes South Korea as Boats and Planes Stay Away (Reuters)

7. A Circular Tale of Changing Food Preferences (The Economist)

8a. Iron Ore Faces Risk as Record Rain Hits Australia’s Exports

8b. China’s Steel Cutbacks Look Deeper Than They Are (The Wall Street Journal)

8c. New Technologies Could Slash the Cost of Steel Production (The Economist)

9. Gibraltar Shipping Interview: Basil Karatzas Talks Alternative Bunkers, S&P Markets, Vessel Financing, and Trump (Ship & Bunker)

10. ‘Secrets of the Sea: A Tang Shipwreck and Early Trade in Asia’ Review (The Wall Street Journal)

Built in 1972 in France at Arsenal de la Marine National Francais and heavily listing for almost two years in main Port of Piraeus, the ferry MV ‘Panagia Tinou’ finally sold for scrap and taken her last voyage to a Turkish scrapyard. The sweet reflections of many a vacationeer ferrying the Aegean Islands in the summer are living lovingly in the memory. Farewell sweet boat! You sailed well! Image credit: Karatzas Images

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