The Wire

Maersk Group profits rise in Q1
A.P. Møller - Mærsk A/S released its Interim Report for the 1st Quarter 2013. The Group delivered a profit of USD 790m (USD 1.2bn) and a return on invested capital (ROIC) of 8.0% (10.2%) for Q1. Profit for the same period last year was positively affected by the settlement of an Algerian tax dispute of USD 899m and divestment gains of USD 325m before tax.
17/5/2013
Shiptrade Services SA Weekly Shipping Market Report The owners of the world's containerships are the people responsible for making globalization a reality. Their fleets transport 90% of world trade in manufactured goods. Yet, all but seven of the biggest 30 shippers... 17/5/2013
IMO’s GloBallast Partnerships Project wins International Maritime Award
IMO’s GloBallast Partnerships Project, which assists developing countries and their maritime industries for implementation of the international regulations on ballast water management to prevent the spread of alien invasive species, has won the 6th Marine BizTV International Maritime Award for “Best Innovative Project”.
17/5/2013
d’Amico exercises options for two more ‘Eco Design’ ships
d’Amico Tankers Limited exercised its purchase options, as earlier disclosed last 12 of March, and entered into contracts for the construction of two additional new product/chemical tanker vessels with Hyundai Mipo Dockyard Co. Ltd. – Korea, expected to be delivered in H2 2015, for a consideration of less than US$ 30.0 million each.
17/5/2013
The Swedish P&I Club initiates Monthly Safety Scenario The Swedish Club has launched a new Loss Prevention initiative to assist owners. Under the ISM requirement owners are obliged to carry out monthly safety meetings or safety committee meetings onboard their vessels. 17/5/2013
UK MCA: Ten Foreign Flagged Ships Under Detention During April 2013 The UK Maritime and Coastguard Agency (MCA) announced that ten foreign flagged ships were under detention in UK ports during April 2013 after failing Port State Control (PSC) inspection. 17/5/2013
Copper Drops for Third Day as Weak Data Raise Demand Concerns Copper declined for a third day in London on concerns that demand from China, the U.S. and Germany, the largest users, is weakening. 17/5/2013
Rebar Trades Near Lowest in 5 Months on Output, Iron Ore Price Steel reinforcement-bar futures traded near the lowest level in more than five months amid rising output in China and as iron ore fell into a bear market. 17/5/2013
Grains Decline on Rapid U.S. Planting Progress; Soybeans Rise Corn fell for a third day in Chicago and wheat declined on speculation that dry, warm weather this week firmed muddy soils for rapid planting progress in the U.S., the world’s biggest exporter. Soybeans rose. 17/5/2013
Iron Ore Extends Five-Month Low as China Steel Mills Cool Buying Iron ore extended losses for a fifth day to a five-month low on speculation Chinese mills are drawing on stockpiles as declining steel prices cut their profits, according to Macquarie Research. 17/5/2013

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