Shipping news

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One more down in the crisis.

German shipping group Rickmers files for insolvency
HAMBURG (June 1): German shipping group Rickmers said it had filed for insolvency on Thursday, a day after it announced that its restructuring plan had failed to win approval of bondholder HSH Nordbank.
http://www.theedgemarkets.com.sg/managem...insolvency
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Cosco Shipping to Acquire Orient Overseas for $6.3 Billion

https://www.bloomberg.com/news/articles/...l-wsj-says
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Takeover of ‘perfect bride’ OOCL takes container industry one step closer to liner paradise
http://www.hellenicshippingnews.com/take...-paradise/
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Shipping’s Half Year Report – Any Better This Year?
https://clarksonsresearch.wordpress.com/...this-year/
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http://splash247.com/18000-teu-boxships-...next-year/

With more supply capacity coming online, it seems the container segment will continue to be depressed. Really interested to know when the bottom of the container shipping cycle will be.
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newbuild-orders-fall-sharply-despite-uptick-in-1h-2017-tanker-bulker-orders
https://shipandbunker.com/news/world/305...ker-orders
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Through The Looking Glass: Exploring The Orderbook
http://www.hellenicshippingnews.com/thro...orderbook/
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28% of Offshore vessels currently laid up
http://www.hellenicshippingnews.com/28-o...y-laid-up/
You can find more of my postings in http://investideas.net/forum/
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severe-prescription-list-osvs
http://splash247.com/severe-prescription-list-osvs/
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Baltic index hits near 3-year high on stronger capesize vessel rates
http://www.hellenicshippingnews.com/balt...sel-rates/
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