DGS Marine Advises Fixed Premium P&I Cover
DGS Marine, a leading global P&I management provider and exclusive manager for the British European and Overseas (BE&O) P&I facility, has highlighted the benefits of fixed premium P&I cover for ship owners and operators in the Middle East. David Skinner, Managing Director of DGS Marine Group, was speaking at the Seatrade Middle East Maritime conference in Dubai, where DGS Marine was a leading sponsor. Discussing the growing appeal of alternative models of P&I cover to ship owners in the Middle East, Mr. Skinner said: “Middle East ship owners face the same global challenges, with tough market conditions, including low freight rates, high fuel costs and the burden of new regulations, placing pressure on balance sheets.
Big Increase in Port of Houston Steel Cargoes
More steel moved across the docks in July than any month since 2008, Executive Director Roger Guenther reported at the recent meeting of the Port Commission of the Port of Houston Authority. Guenther also noted that PHA has achieved a record, with operating revenues in July 2014 of more than $24 million. Steel and bulk cargo support a solid 5 percent growth in tonnage, he said. More than 22 million tons of cargo moved across Port Authority docks during the first seven months. the highest tonnage in steel since 2008, 844,000 tons. Container volume was relatively flat compared to last year, but has seen a 4-percent increase in the number of loaded boxes year to date.
