London's number 1

TradeWinds digests the digits making the headlines this week. 

Paper chase - key figures from shipping's favourite newspaper.

1: London holds on to the title of the world's foremost shipping centre.

(London keeps top ranking despite high costs)

$1.75m: Average annual cost to a shipping company of operating an office in London compared to $300,000 in Shanghai.

(How do prominent shipping centres stack up?)

10: VLCCs that China Merchants is set to order at local yards.

(China Merchants poised to ink up to 10 VLCCs at home)

90: The number of Chinese shipyards that have run out of work, according to Clarksons data.

(Chinese yards feel the pain)

8: LNG carriers tendered for by Malaysia’s MISC for parent company Petronas.

(MISC issues tender for up to eight LNG newbuildings)

900%: Overnight leap in spot rates for large anchor handlers in the North Sea.

(North Sea spot rates in 900% overnight surge)

$275m: Rise in annual fuel costs that Micky Arison’s Carnival Corp expects when new sulphur restrictions are introduced in 2015.

(Carnival scales up expected trajectory of emissions costs)

Digital digits - numbers hitting the headlines on www.tradewindsnews.com

$230m: Raised by Scorpio Tankers via a share placement to fund its newbuilding binge.

(Scorpio strikes again)

$2.8bn: Offer made by Malaysian oil firm Petronas for the remaining 37.33% stake in MISC.

(Petronas plots MISC buy-out)

15: Number of boxships that hungry Seaspan could yet order this year in addition to the 14 ships recently added.

(Seaspan to supersize)

4: Handysize bulkers sold for $30m by Victor Restis-backed Seanergy Maritime as it continues to cut debt.

(Seanergy purge continues)

2,500: Small cargo vessels the Indonesian government wants to order at Chinese yards to improve connectivity between the country’s isands.

(Indonesia thinks big)

$35m: Fourth quarter loss suffered by Evangelos Marinakis’ Capital Product Partners following disposal of two VLCCs.

(CPP hit by sale)