The Somali pirates and the merchant ships that ply the Indian Ocean have two things in common. The first, of course, is that they both make their living at sea. The second is that they lack sufficient incentives to change their harmful behaviour.
Maersk’s mega order with Daewoo for 10 (plus 20 as option) 18,000-TEU vessels sealed last week with a hefty multi billion dollar tag, has stirred things up in the container segment of the market, with competitors already planning their move as well. This is good news for shipyards able to cater to such ships, especially yards in South Korea, while China is now the place to be for dry bulk carriers and slowly but steadily tankers as well.
China CSSC Holdings (600150) plans to raise up to four billion yuan from a private placement of 60 million shares at not less than 66.33 yuan per share, reports Shanghai Securities News, citing a company filing.
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