Pooling Agreements
November 15, 2015 by Leave a Comment
In this short note the authors consider whether the entry of a ship into a pool can be regarded by financial investors (lessors and lenders) as a reasonable alternative to employment on time charter.
A Porthole of an Exit Window for Shipping Investments?
April 22, 2014 by Leave a Comment
Momentum and, to a certain extent, freight rates and shipping asset prices have improved meaningfully since last year; while this time last year most vessels – including large vessels such as capesize bulkers and supertankers – were earning barely cash break-even freight, there have been a few windows of opportunity here and there since then.
Increase Business Reducing CO2 Footprint – The Maersk Way
April 8, 2014 by Leave a Comment
Maersk Line published yesterday its Sustainability Progress Update for 2013, showing a 3.8 million tonnes CO2 reduction in a year where the business grew 4.1%.
Europe Remains Global Fleet’s Flagship
April 3, 2014 by Leave a Comment
“Although shipping has seldom been in the limelight, it never ceased to play a substantial role in Europe’s economy” commented Patrick Verhoeven, ECSA Secretary General on today’s release of the Oxford Economics study on the economic value of the EU shipping industry. He added: “The EU shipping industry continues to stay its ground in these hard times against fierce competition from third country shipping centres, particularly those in Asia and the Middle East. It remains today a world leader and an important source of revenue and jobs in Europe.”
Greece Remains at the Top of Shipping Economy
February 16, 2014 by 1 Comment
Despite the economic downturn, Greek shipowners have proved once again to be the leaders of global shipping industry. It is worthy to note that they control the 16,25% of global fleet in terms of dwt, while they own the 23,5% and 18,5% of total tankers and bulkers respectively.
Spanish Yards Criticise Dutch Shipyards Financial Practices
March 20, 2013 by Leave a Comment
During Early February the Spanish Association of Maritime Industries (ADIMDE) and The Basque Maritime Forum have presented the European Commission with a paper which criticises the Dutch financial leasing system for vessels. In particular the coalition requested that the anticipated and accelerated amortisation between 2009 and 2011 be investigated to determine whether it is selective and whether (in combination with other tax incentives to acquire vessels in Holland) it constitutes state aid amounting to a 35% subsidy of the price per vessel.
Officer of the Watch 