SERVICES

Europe

North P&I Club  lands in the chineese shipping community
Increased traffic between Gothenburg port and Belgium
“A logistics system combined with Europe”/ INTERVIEW
Diana Containerships posts loss

Diana Containerships posts loss

Athens - Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, today reported a net loss of $78.3 million and net loss attributed to common stockholders of $79.8 million for the third quarter of 2016, of which $50.0 million relates to loss and impairment of investment in Diana Containerships

Parisi: “Growth continues in the Adriatic”

Parisi: “Growth continues in the Adriatic”

Istanbul - “Europe Multipurpose Terminals has shown constant growth in recent years, and we are considering keeping it between 10 and 20% in the near future. A new ship will be launched tomorrow that will call at the Molo VI Wharf, therefore the number of ships per week will increase starting early next year

North Africa

Egypt industry races to fill void as trade gap to narrow $11-12 bln in 2016
Egyptian court confirms 20-year prison sentence on Mursi
Goldman Sachs wins $1.2 bln dispute with Libyan sovereign fund
Libya’s Zueitina loads first crude export cargo since 2015
Suez project loses steam / ANALYSIS

Middle East

Hyundai Heavy near deal with Iran for 10 ships
North P&I Club  lands in the chineese shipping community
Jafza sees 15pc growth in petchem, oil firms
Sohar Port Q3 2016 container volumes +11%

Sohar Port Q3 2016 container volumes +11%

Sohar - Container volumes at Sohar Port have increased by 11% comparedto the third-quarter of 2015, reflecting the ports continued expansion efforts. Overall tonnage at the port was up by more than 6% in Q3 2016, compared to the same period last year, at over 13.4 million metric tonnes

Hapag-UASC to win conditional EU okay

Hapag-UASC to win conditional EU okay

Dubai - German container shipping line Hapag-Lloyd is set to secure EU antitrust approval for its merger with United Arab Shipping Company (UASC) after the latter agreed to pull out from some vessel sharing agreements, two people familiar with the matter said on Tuesday

Black Sea

Bulgarian shipping company Navibulgar to buy 4 ships for US$32m
ZIM and MSC introduce a new joint Black Sea service
Outlook for Vard Holdings remains dim

Outlook for Vard Holdings remains dim

Singapore - Vard has been diversifying away from the oil and gas sector to boost orderbook but OCBC Investment Research warns client restructuring remains a hassle. VARD Holdings has been hit hard by the downturn in oil prices

’Ndrangheta: nuclear waste trafficking

’Ndrangheta: nuclear waste trafficking

La Spezia - His contact was “an inspector from a nuclear power plant in Bulgaria”,the alleged plan was to import radioactive waste into Italy, with the complicity of organized crime; at the centre, Vittorio Petricciola, an accountant from La Spezia, who was arrested as part of an investigation

Bulgaria to revive Belene nuclear power

Bulgaria to revive Belene nuclear power

Sofia - Bulgaria wants private investors to help it restart the Belene nuclear power projectafter a court ruled Sofia must pay hefty compensation to Russia over equipment ordered for it, Prime Minister Boiko Borisov said on Friday