Week in Review, May 20
Optimism and realism in this day and age for a younger generation to carry forward
Abdul Hadhi, Asia Editor in Chief
After a full week of events at Singapore Maritime Week comes to an end, spirits are higher than at the same event last year
AS Singapore Maritime Week 2017 drew to a close, there was a spring in the step of shipping executives walking around Marina Bay Sands that was not apparent last year.
But as Transport Minister Khaw Boon Wan said in his opening address, shipping people are optimistic but they are realistic too. Worries of vessel oversupply and poor economic growth were absent at the start of the week, but crept in as events continued and the realists spoke up.
Trending Headlines
Mercator Lines extends judicial management order to May
Company needs to ink implementation deal with a possible investor by March 21
Korea beats China in tanker orders on competitive newbuild deals
South Korean builders are offering Chinese prices
Banks not touching Iran payments to shipowners
But latest round of sanctions will not hit industry, lawyers argue
Creditors weigh up loan guarantee for Hanjin Heavy Industries
Shipbuilder needs guarantee to proceed with $173m naval patrol boats project
Indian ports get $103m renewable energy boost
Project Green Ports to increase use of solar and wind energy at 12 major ports
East-west spot rates prolong period of stability
Market could soon come under downward pressure if capacity cuts do not address the demand shortfall post-Chinese New Year
Opinions
Henderson makes seafarer safety pledge for UK Chamber
Speech at annual dinner calls for a shipping industry that is safe, environmentally aware and creates jobs for young people
East-west spot rates prolong period of stability
Market could soon come under downward pressure if capacity cuts do not address the demand shortfall post-Chinese New Year
Korea beats China in tanker orders on competitive newbuild deals
South Korean builders are offering Chinese prices
London Greeks eye Brexit boost for UK
But government must act fast or see shipping cluster wither, says Greek Shipping Co-operation Committee
The Week's Briefings
Arcadia waves goodbye to first tanker
Greek owner sells 18-year-old aframax to Chinese buyer for strong price
DSME bailout plan unlikely to impact overall Korean banking sector
Only the policy banks have the biggest exposure, says Fitch
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