Houlder Sells Holdings In Tanker Broker Panel

Friday, November 19, 1999
Houlder Sells Holdings In Tanker Broker Panel Shipbroker Howard Houlder (Chartering) Ltd. has sold its shareholdings in the London Tanker Broker Panel back to the other five members of the rate-setting group, panel managing director Robert Porter said. "Howard Houlder is no longer a panel member," Porter said. "Houlder said it wished to leave and the other panelists exercised their pre-emption rights to buy the shares back." Porter said he did not know why Houlder had decided to leave the panel - an independent body providing tanker rate/route assessments, for which fees are charged. Houlder had been in negotiations for some time with Capital Shipbrokers Ltd. to sell its shares for approximately $1.1 million, according to other brokers and press reports. A spokesman at Capital said the company could give no comment on the breakdown of negotiations. No one was immediately available at Houlder for comment. Panel member Seascope paid $897,000 pounds for its seat and a place on the Worldscale Association (London) in 1995. "I cannot understand why Houlder would want to leave the panel," one senior shipping source said. In recent times, Houlder has been stronger in the dry bulk shipping business than tanker sector, according to shipping sources. Shipping brokers have been under pressure recently due to poor markets in both the tanker and dry bulk sectors. The London Tanker Brokers' Panel now comprises H. Clarkson, Galbraith's, E.A. Gibson, Seascope and Braemar Shipbrokers.
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Boost for Offshore Wind Energy

As part of President Obama’s Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, Secretary of the Interior

Coast Guard Cutter William Trump Commissioned

The Coast Guard Cutter William Trump was commissioned during a ceremony at Coast Guard Sector Key West Saturday Jan. 24, 2015. The Trump is the 11th fast response cutter in the Coast Guard fleet.

Gypsy Moth Clause Takes Balanced Approach to Risk

A new BIMCO clause provides a simple, practical and commercial solution focusing on the basic obligations and responsibilities of owners and charterers when dealing with the Asian Gypsy Moth (AGM).

Marine Propulsion

Xunlong Shenzhen Orders Dutch-designed Ferry

CoCo Yachts B.V. inks contract with Xunlong Shenzhen Ferry Company for one Coastal Cruiser 300 Xunlong Shenzhen Ferry Company has ordered a Coastal Cruiser 300 ferry from CoCo Yachts,

Lindner Sees Strong 2015

On the last day of what proved to be a busy Workboat show in New Orleans, Mikael Lindner, President, Scania North America, sat with Maritime Reporter & Engineering

Vane Brothers Orders Two Tugs from Chesapeake

Chesapeake Shipbuilding has signed a contract with Vane Brothers to build two new tugs, marking the 13th and 14th tugs that Chesapeake will have built for Vane Brothers in the last several years.

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Electronics Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2097 sec (5 req/sec)