Radical overhaul of construction sector needed or will struggle to meet housing and infrastructure needs
Construction, Politics and Government — July 19, 2018 at 3:53 PM…
The construction sector as it currently operates cannot meet the UK’s need for housing and may struggle to meet the need for infrastructure. Given that the UK already lags behind other countries in construction productivity, and is facing a labour shortage, the Government and the construction sector must urgently find solutions.
In a report published today, Off-site Manufacture for construction: building...
read more
Marine Insurance
Hot Port News from GAC
17-Jul-2018
INSTALLATION AND MAINTENANCE OF SILT BARRICADES OFF TUAS WESTERN COAST
Singapore
CANAL CLEARED FOR CONVOYS TO...
Jul 17, 2018 20:10
Shipmanagement
GAC Angola renews ship agency contract with POSH Semco
POSH Champion carrying out supply duties in Mafumeira Oil Field, Angola
Complete husbandry and vessel clearing service
Luanda,...
Jul 19, 2018 11:16
Organisations
WISTA International approved for IMO consultative status
The International Maritime Organization’s (IMO) governing body, the IMO Council, approved the Women’s International...
Jul 17, 2018 13:07
Markets
GAC Angola renews ship agency contract with POSH Semco
POSH Champion carrying out supply duties in Mafumeira Oil Field, Angola
Complete husbandry and vessel clearing service
Luanda,...
Jul 19, 2018 11:16
Recent
ITF: Australian ban ‘the kind of enforcement seafarers deserve’
The ITF HQ’s in London
ITF statement on the decision by the Australian Maritime Safety Authority (AMSA) to ban the Hong Kong-flagged bulk carrier MV Shandong Hai Wang for one year from Australian waters.
ITF seafarers’ section chair and joint chair of the ITF fair practices committee, Dave Heindel,...
July 19th, 2018 | ITF | Read More
Daily Overview of Global Markets & the SEE Region (Thursday, July 19, 2018)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: The USD retained a firm tone in European trade favored by Fed Chair Jerome Powell’s positive comments on the US growth outlook in his congressional testimony on Tuesday before the Senate Banking Committee and again on Wednesday before...
July 19th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
Wärtsilä’s half year financial report January-June 2018
Wärtsilä Corporation Half year financial report 19 July 2018 at 8.30 a.m. local time
WÄRTSILÄ’S HALF YEAR FINANCIAL REPORT JANUARY-JUNE 2018
GOOD DEVELOPMENT IN ORDERS RECEIVED
This release is a summary of Wärtsilä’s Half year financial report January-June 2018. The complete report is attached...
July 19th, 2018 | Company Profiles, Marine Equipment Products and Services, Reports | Read More
Hot Port News from GAC
18-Jul-2018
BROWN MARMORATED STINK BUG MEASURES
Australia
MARITIME AND PORT AUTHORITY OF SINGAPORE REVOKES BUNKER CRAFT OPERATOR LICENCE
Singapore
Brown Marmorated Stink Bug measures
Wednesday, July 18, 2018, Australia
The Australian Department of Agriculture and Water Resources (DAWR) has announced...
July 18th, 2018 | Port Conditions, Ports & Terminals | Read More
Daily Overview of Global Markets & the SEE Region (Wednesday, July 18, 2018)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: During his testimony before the Senate Banking Committee, Fed Chair Jerome Powell sounded optimistic on the US growth outlook and reiterated that the FOMC believes that “for now the best way forward is to keep gradually raising the...
July 18th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
Belmax4 delivery
The “BELMAX 4,”
Okskaya Sudoverf delivers BELMAX 4, fourth non-self-propelled barge of Project ROB20
On 16 July 2018, Okskaya Sudoverf Shipyard (part of UCL Holding) delivered the fourth non-self-propelled oil barge of Project ROB20, Belmax 4, to the Customer, State Transport Leasing Company...
July 17th, 2018 | Marine Equipment Products and Services, Shipbuilding and Shipyards | Read More
WISTA International approved for IMO consultative status
The International Maritime Organization’s (IMO) governing body, the IMO Council, approved the Women’s International Shipping and Trading Association (WISTA International) application for consultative status on 5 July 2018.
“Consultative status gives us the opportunity to promote diversity,...
July 17th, 2018 | IMO, News, WISTA - Women in Shipping | Read More
New publication of proposed 2018 Regulations for banning prohibitions on assignment
Alex Monk
New publication of proposed 2018 Regulations for banning prohibitions on assignment
by Alex Monk
Last week the government published its revised proposals for the Business Contract Terms (Assignment of Receivables) Regulations 2018 (the “2018 Proposals”). The previous proposed 2017 version...
July 17th, 2018 | Regulatory | Read More
Daily Overview of Global Markets & the SEE Region (Tuesday, July 17, 2018)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: US retail sales rose by 0.5%mom in June mainly on the back of a 0.9%mom gain in motor vehicle sales, following an upwards revised increase of 1.3%mom in May, the largest since September 2017. Solid US June retail sales, together with...
July 17th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
Bureau Veritas races ahead with new transport sector appointment
Hannah Davis
Amid exciting new plans for its thriving transport operation, global certification expert Bureau Veritas has appointed Hannah Davis as the new sector lead of its aerospace, automotive and transport division.
Already active in her new role, Hannah is tasked with driving the strategic development...
July 17th, 2018 | Classification Societies, Company Profiles, HR, News, Person Profiles | Read More
Thome Group Celebrates 55 Years in Business
Thome is still a family run business – Olav and Claes Eek Thorstensen
July 2018 is a significant milestone in the history of the Thome Group because it was 55 years ago this month that the company was first incorporated in Singapore.
The expansion of the business from its humble beginnings as...
July 17th, 2018 | Anniversaries, News, Shipmanagement | Read More
The BDI@1,695 holds well…
John Faraclas
Once again the Capes managed to keep the BDI (Baltic Dry Index) afloat reviving the hopes of the industry, but once again: one size doesn’t make a market, so caution for all as Geopolitics are still very perplexed and we wonder what next. John Faraclas’ brief market:
The BDI gained...
July 16th, 2018 | Chartering, Markets, News, Piracy and Terrorism, Politics and Government, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More
Liberia adopts law amendments in line with new ship finance environment
Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR)
The Republic of Liberia has responded to the needs of shipowners and the ship financing and legal community by amending Liberian maritime law to allow lease financing structures to be recorded as mortgages. As a result,...
July 16th, 2018 | Banking, Flags, News, Shipfinance | Read More
Hot Port News from GAC
16-Jul-2018
DRILLING AND BLASTING WORKS IN TEMASEK FAIRWAY
Singapore
DREDGING IN SHING MUN RIVER CHANNEL, SHA TIN
Hong Kong
BULK VESSEL GROUNDED
Suez Canal, Egypt
Drilling and blasting works in Temasek Fairway
Monday, July 16, 2018, Singapore
From today (16 July 2018) to 15 January 2019, drilling and...
July 16th, 2018 | Canals, Groundings, Inland Waterways, Marine Insurance, Maritime Accidents, Port Conditions, Ports & Terminals | Read More
Diana signing and drawdown of US$ 75 mio term loan facility with BNP Paribas
DIANA SHIPPING INC. ANNOUNCES SIGNING AND DRAWDOWN OF A US$75 MILLION TERM LOAN FACILITY WITH BNP PARIBAS
ATHENS, GREECE, July 16, 2018 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that on July...
July 16th, 2018 | Banking, Dry Bulkcarriers, Markets, News, Shipfinance, Statistics, Stock Markets | Read More
Port Solent celebrates its 30th anniversary by going back to the 80s
Lisa Fowler
Get your leg warmers on and join Port Solent to celebrate its 30th Birthday on Saturday 28 July with an 80’s themed event suitable for all the family, featuring live music, outdoor cinema, children’s activities and the return of the Lively Lady, the very first boat to visit the marina...
July 16th, 2018 | Anniversaries, News, Ports & Terminals | Read More
BIFA names new board members
Susanne Oud
BRITISH INTERNATIONAL FREIGHT ASSOCIATION NAMES NEW BOARD MEMBER
The British International Freight Association (BIFA) has announced that Susanne Oud has joined its Board of Directors, replacing Roy Baker who has stepped down having been on the trade association’s Board since 2005.
Susanne...
July 16th, 2018 | Associations, Person Profiles | Read More
Daily Overview of Global Markets & the SEE Region (Monday, July 16, 2018)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Core government bonds retained a firm tone in European trade on Monday following the release of the FOMC’s semi-annual Monetary Policy Report to the US Congress on Friday where the Central Bank reiterated that “further gradual...
July 16th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More
IMRF celebrates successful Inter Regional Asia Pacific Mass Rescue Workshop
IMRF workshop underway.
The International Maritime Rescue Federation (IMRF), the international charity preventing loss of life in the world’s waters, has held a two day Inter Regional Mass Rescue Workshop for the Asia Pacific Region. The event which was widely appreciated by the participants,...
July 16th, 2018 | Associations, Events, Conferences,Forums and Symposiums, Exhibitions, Health and Safety, Maritime Accidents, Safety and Security, Salvage, Towage, Wreck Removals | Read More
