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Saturday, 15 November 2014

The Guardian

• Shipbrokers in merger talks after 30% plunge in oil pricePlunging oil prices have triggered merger talks among London’s shipping and offshore brokers, with key companies including Clarkson, Icap and Howe Robinson all in discussions. With shipping in the doldrums, brokers have been relying over the last couple of years on the offshore oil industry to boost profits but a 30% plunge in the crude price has caused panic.

Other News Sources

• Suez Canal security boosted after Damietta attackShips transiting the Suez Canal are being shadowed by military helicopters in response to Wednesday’s attack on a naval patrol vessel off Damietta, Egypt.
• Hapag-Lloyd losses climbingGerman container line Hapag-Lloyd saw its net result deteriorate further during the third quarter despite efficiency-raising measures and increased carryings.
• DP World to delist in LondonDP World has announced its intention to delist from the London stock market, where its shares barely trade and focus instead on the emerging Nasdaq Dubai exchange, where it also has a listing