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Shipping

Gross proceeds of approximately €352 million (approx. $414 million) from the issuance of 11.7 million new no-par value shares / 96.5% of the existing shareholders exercised their subscription rights / Shareholder structure strengthened.

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RZ Carrier and Rickmers-Line, both companies of Zeaborn Group, have successfully undergone the process of certification of their integrated management system for Quality, Health and Safety and Environment according to the latest standards of ISO 9001:2015 for the Quality- and Process-Management, OHSAS 18001:2007 for the Health & Safety Management System, and ISO 14001:2015 for the Environmental Management System.

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A marine industry survey conducted by ExxonMobil finds that the route to compliance with the International Maritime Organisation (IMO) 2020 0.5% global sulphur cap is unclear for many vessel operators.

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Stolt-Nielsen Limited this week reported unaudited results for the third quarter ended 31st August 2017.

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Outstanding acts of skill and gallantry have been recognised last week at a national awards ceremony held in London. Two merchant ship Captains and a RLNI lifeguard were given awards in recognition of their outstanding acts of skill and gallantry for saving lives at sea.

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Diana Containerships Inc has announced that it has entered into an agreement to sell up to seven of its containership vessels for an aggregate purchase price of up to $104.0 million to an unaffiliated third party. 

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Paul Haworth has joined the specialist Shipping and International Trade Team as a Legal Director at top 100 law firm Birketts.

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The Palau International Ship Registry has recently seen a strong increase in its fleet size as more shipowners and operators look to become a part of the new breed of smart registries. As the Palau flag starts appearing on more vessels the appeal of a registry based on technology and detailed attention to service becomes more important to world shipping.

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