‘Shipshape 10’ News for Week Ending January 28, 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’:

1a. HSH Nordbank to sell €1.64 bn portfolio to financial investors (The Financial Times)

1b. China Not Europe May Salvage HSH as German Bank Looks East (Bloomberg)

2. The multinational company is in trouble (The Economist)

3. Trump Is Paving the Way for China to Rule the World (New Republic)

4. China stakes a claim for globalism without liberalism (The Financial Times)

5. How Trade and Sanctions Made This Russian Fisherman a Billionaire (Bloomberg)

6. Korea Extends Aid Package to Hyundai Merchant Marine (The Wall Street Journal, Logistics Report)

7. Amazon Expands Into Ocean Freight (The Wall Street Journal)

8. BHP Billiton bypasses brokers with new online auction platform (Splash 24/7)

9. Japan’s Dirty Secret (Bloomberg)

10a. Why Saudi Arabia May Unravel OPEC’s Big Deal (Bloomberg)

10b. BP Sees a Future of Slowing Oil Demand Growth, Abundant Supplies
(Bloomberg)

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Museumshafen Oevelgönne, Hamburg. Image credit: Karatzas Images


© 2013 – present Basil M Karatzas & Karatzas Marine Advisors & Co.  All Rights Reserved.

IMPORTANT DISCLAIMER:  Access to this blog signifies the reader’s irrevocable acceptance of this disclaimer. No part of this blog can be reproduced by any means and under any circumstances, whatsoever, in whole or in part, without proper attribution or the consent of the copyright and trademark holders of this website.Whilst every effort has been made to ensure that information herewithin has been received from sources believed to be reliable and such information is believed to be accurate at the time of publishing, no warranties or assurances whatsoever are made in reference to accuracy or completeness of said information, and no liability whatsoever will be accepted for taking or failing to take any action upon any information contained in any part of this website.  Thank you for the consideration.

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‘Shipshape 10’ News for Week Ending December 18, 2016

‘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’:

It has been an overall slow week, as one would have expected. Just a week before Christmas, freight markets took a breather, especially for the capesize vessels, while sale & purchase activity (S&P) has slowed down, too. In the deal-making world, most people are preoccupied with putting the finishing touches on the deals already on their table and get them signed by the end of the year.

Meanwhile, in what we seemingly call ‘real world’ these days, for shipping finance, as deadlines approach, there are even more concerns about the state of the shipping banks in the future given new regulations and active regulators:

1. Proposed new capital rules threaten struggling shipping sector: bankers (from Reuters)

while all along, European banks have not settled yet with ‘legacy concerns’:

2. UniCredit to Raise $14 Billion, Shed Bad Loans and Cut Jobs in Overhaul (from The Wall Street Journal)

If shipping banks are not functioning and alternative funding is getting tight as well, capital markets seem to spring eternal hope according to the next two articles:

3. Setting Sail (Again) on Wall Street (The Maritime Executive)

Basil M. Karatzas: Ενθαρρυντικά σημάδια για τη ναυτιλία και τις κεφαλαιαγορές

The broader, macro-picture is even murkier than shipping finance as much has been said and postulated recently on trade, trade agreements and possibly tariffs and other trade growth curtailers:

4. An early salvo in a trade war between America and China? (The Economist)

5. The End of Globalism (Foreign Affairs)

However, in the short term, business seem at least decent for now, but again, one has to recall that we are at peak shopping season and in September and October, the containership liner market was shaken by Hanjin’s bankruptcy that pushed backwards deliveries:

6. Cargo Volume Surges at Nation’s Largest Port Complex in November (from the Wall Street Journal)

Staying with the containership liner business, Hyundai Merchant Marine was handled a major setback this week when the company was not accepted as a full member at 2M Alliance and had to settle for cargo slot sharing, etc agreements:

7. Hyundai Merchant Marine Reaches Cargo Agreement With 2M Alliance (from the Wall Street Journal)

AP Moeller Maersk have held their investment day in Copenhagen this past week in a light of a bouncing market that has been playing in the hands of the company with the recent developments instigated from S Korea (HMM, Hanjin, etc) The company is under new leadership of recent, and high expectations of managerial and financial engineering for splitting the business and focusing on the liner business while relegating the energy business to a stand-alone business entity:

8. Maersk’s Rose-Tinted 2017 (from Bloomberg)

Interesting that Maersk’s drive to potentially spin-off the energy business comes on the heels of OPEC agreeing to cut production in order to ‘stabilize’ the market (OK, to increase oil prices).

9. OPEC’s Historic Deal Won’t Be Enough to Drain Oil Stockpiles (from Bloomberg)

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Talking oil prices at Columbia University’s SIPA with OPEC’s Secretary General H.E. Mohammad Sanusi Barkinko, Center Director Jason Bordoff, CGEP Fellow Adrian Lajous, and Antoine Halff, CGEP Program Director. Image credit: Karatzas Images

At an event this week at Columbia University, School of International and Public Affairs (SIPA), attendees were treated to a detailed account by the OPEC Secretary General H.E. Mohammad Sanusi Barkindo on how the historic OPEC agreement came to pass.

For those in shipping you had an exceptionally good year and think of splurging on something major, the following article on superyacht sales may be of interest:

10. Superyacht Sales Rebound (from Barron’s)

while for those more inclined to spend some holiday spirit in a house by the beach, the following investigative reporting article from The New York Times on private equity may provide some leads on how to make big money in order to splurge on superyachts:

How the Twinkie Made the Superrich Even Richer (from the New York Times)

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Always seeing the bright side of things… Image credit: Karatzas Images


© 2013 – present Basil M Karatzas & Karatzas Marine Advisors & Co.  All Rights Reserved.

IMPORTANT DISCLAIMER:  Access to this blog signifies the reader’s irrevocable acceptance of this disclaimer. No part of this blog can be reproduced by any means and under any circumstances, whatsoever, in whole or in part, without proper attribution or the consent of the copyright and trademark holders of this website.Whilst every effort has been made to ensure that information herewithin has been received from sources believed to be reliable and such information is believed to be accurate at the time of publishing, no warranties or assurances whatsoever are made in reference to accuracy or completeness of said information, and no liability whatsoever will be accepted for taking or failing to take any action upon any information contained in any part of this website.  Thank you for the consideration.

‘Shipshape 10’ News for Week Ending October 30, 2016

After some long absence, we return to our blog and hereby we are establishing Shipping’s ‘Shipshape 10 List’, a list of links to news and articles that were published in the current week that encompass all the information a top executive in shipping, shipping finance, commodities, energy, supply chain and infrastructure should had read in the week.

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

Hope you enjoy it!                                                                                                                      
1. Reuters Exclusive: Deutsche Bank among bidders for HSH Nordbank’s debt portfolio (Reuters)                                                                                                      Another week, another shipping bank transaction

2. Wall Street Journal: Maritime Nations Agree to Cut Pollution From Ships in 2020 (Wall Street Journal Logistics Report)                                                                  Forcing lower emissions with the shipping industry, this IMO regulation can act as a catalyst for developments that should had happened sometime ago

3. IMO: No Final Climate Plan Until 2023 (The Maritime Executive)
Fast, but not so fast. SOx bad, COx can take longer… Go figure!

4. IMF Estimates Restructuring Cost at W31 trillion (US$ 27 billion) for S. Korea’s shipping and shipbuilding industries (Korea Times)                                                     S. Korea’s aggressive strategy  in  shipping and shipbuilding industries will need major resources to weather a bad cycle after developments with Hanjin Shipping, Hyundai Merchant Marine, Daewoo Shipbuilding and Marine Engineering, …

5. Blystad readies $100 million dry bulk bing with OTC filing at Oslo Bors (Splash 24/7)
Trying to crack open the capital markets in this weak market; hoping that more will emerge, successfully.

6. The Tale of Two Canals – Game Theory in Action (Splash 24/7)                               The Suez Canal announced a new payment structure for canal dues, trying to position more competitively against the new Panama Canal locks and capacity.

7. Maersk, MSC to Charter Nine Former Hanjin Ships (The Wall Street Journal Logistics Report)
Looking for solutions and cashflows in the wake of Hanjin’s receivership filing with strategically placed charterers; but at what price?

8. Hyundai Merchant Marine Bids for Hanjin (The Maritime Executive)
Hanjin assets and routes and business up for sale; co-patriot Hyundai Merchant Marine should logically be the strongest contestant in this weak market

9. Wind and solar advance in the power war against coal (The Economist)

10. Titanic locker key sold for £85,000 at auction (BBC News)
More than a century later, the ’unsinkable ship’ keeps captivating

Bonus Feature: Two Offen-linked MR Tankers on the Sales Block (Lloyd’s List) Karatzas Marine Advisors & Co and Toepfer Transport GmbH have been given joint-exclusive mandate by the Insolvency Administrator in Germany for the sale of MT ‘CPO Japan’ and MT ‘CPO Korea’

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All the SOx and Nox and COx of the world… Not a day too soon for the IMO to act. Image credit: Karatzas Images


© 2013-2015 Basil M Karatzas & Karatzas Marine Advisors & Co.  All Rights Reserved.

IMPORTANT DISCLAIMER:  Access to this blog signifies the reader’s irrevocable acceptance of this disclaimer. No part of this blog can be reproduced by any means and under any circumstances, whatsoever, in whole or in part, without proper attribution or the consent of the copyright and trademark holders of this website.Whilst every effort has been made to ensure that information herewithin has been received from sources believed to be reliable and such information is believed to be accurate at the time of publishing, no warranties or assurances whatsoever are made in reference to accuracy or completeness of said information, and no liability whatsoever will be accepted for taking or failing to take any action upon any information contained in any part of this website.  Thank you for the consideration.

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