Archive for February, 2018

The Markets; same picture yet again…

The Markets; same picture yet again…
John Faraclas With 29 points plus since yesterday the BDI (Baltic Dry Index) brings a “euphoria” despite the continuous fall of the Wets. The Geopolitics continue all over to be more than perplexed and the scandals, scandals of all nature and types multiply… John Faraclas’ midweek brief market...
February 21st, 2018 | Dry Bulkcarriers, Markets, Reports, Shipping Indices, Statistics, Tenders, Trade and Commerce | Read More

2018 Capital Link Greek Shipping Leadership Award

2018 Capital Link Greek Shipping Leadership Award
l to r: Nicolas Bornozis, Panos Laskaridis and Dr. George A. Gratsos In the context of the 9th Annual Greek Shipping Forum The “2018 Capital Link Greek Shipping Leadership Award” was presented to  Messrs. Panos Laskaridis & Athanasios Laskaridis On Thursday, February 8, 2018, during the Luncheon...
February 21st, 2018 | Awards, Events, People and Places | Read More

Hot Port News from GAC

Hot Port News from GAC
TEMPORARY LOADING FACILITY AT JUNK BAY Hong Kong LOCK STILL CLOSED AWAITING ASSESSMENT OF COLLISION DAMAGE Kiel Canal, Germany BANKS & PUBLIC AUTHORITIES TO CLOSE FOR PUBLIC HOLIDAY Russia SANCTIONS AGAINST THE DEMOCRATIC PEOPLE’S REPUBLIC OF KOREA (DPRK) United Arab Emirates Temporary Loading...
February 21st, 2018 | Canals, Holidays, Inland Waterways, Port Conditions, Ports & Terminals | Read More

North P&I Club consolidates its leading position

North P&I Club consolidates its leading position
Pratap Shirke February 21, 2018 – North P&I Club has consolidated its position as one of the leading members of the International Group of P&I Clubs, with controlled growth in total entered tonnage to 195 million GT at the 20th February 2018 renewal. In addition, the number of members taking...
February 21st, 2018 | Company Profiles, P and I Clubs | Read More

The Swedish Club moves forward on a firm footing

The Swedish Club moves forward on a firm footing
Lars Rhodin Gothenburg 21 February 2018: The Swedish Club has reported results for the 2018 renewal season in line with its focus on quality business and expert approach to managing current and future risks. Growth is running according to plan and the P&I gross tonnage has moved in excess of the...
February 21st, 2018 | Company Profiles, Marine Insurance, News, P and I Clubs | Read More

New cyber-risk conference coming to Bermuda in 2018

New cyber-risk conference coming to Bermuda in 2018
The Canadian team behind a new cyber-risk conference coming to Bermuda  this year met at the BDA with some of the island’s risk-industry groups recently* Hamilton, Bermuda, February 21, 2018 – A new Bermudian edition of a successful North American cyber-risk conference will be held later...
February 21st, 2018 | Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Marine Insurance | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, February 21, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, February 21, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: The USD moved higher for the third session in a row in early trade on Wednesday and short-dated US bond yields hit fresh multi-year highs ahead of the minutes from the January 30-31 FOMC monetary policy meeting later today (20:00...
February 21st, 2018 | Markets, News, Reports, Statistics, Stock Markets | Read More

Biofouling during outfitting at South Korean shipyards drives high demand for Selektope® antifouling solution

Biofouling during outfitting at South Korean shipyards drives high demand for Selektope® antifouling solution
Philip Chaabane, CEO, I-TECH AB As global water temperatures increase, global ‘biofouling hotspots’ in subtropical/tropical areas are intensifying, exposing newbuildings at the world’s major shipyards to greater risk of hard fouling during the outfitting process. The effects of intense hard fouling...
February 21st, 2018 | Marine Equipment Products and Services, Shipbuilding and Shipyards, Shiprepair, Technical, Technology | Read More

MCTC appoints catering manager to head up new catering management services

MCTC appoints catering manager to head up  new catering management services
Stephen Storey Leading catering training provider MCTC has appointed Stephen Storey to head up its new Catering Management services working with vessels in the procurement of catering provisions. MCTC, based in Limassol, Cyprus, trains catering crews from all over the world in all types of cuisine, through...
February 21st, 2018 | Company Profiles, Food and Drink, Person Profiles | Read More

World’s first LNG-fuelled bulk carrier delivered

World’s first LNG-fuelled bulk carrier delivered
Image of the LNG-fuelled bulk carrier 50,000 dwt LNG-fuelled bulk carrier uses new LNG storage material approved by LR 21 February 2018 – Hyundai Mipo Dockyard (HMD) and ILSHIN LOGISTICS have successfully delivered the world’s first LNG-fuelled bulk carrier under the dual-class of Lloyd’s Register...
February 21st, 2018 | Bunkering, Classification Societies, Dry Bulkcarriers, LNG, News | Read More

NGO Shipbreaking Platform Publishes List of Ships Dismantled Worldwide revealing Human Rights abuses and Environmental Damage

NGO Shipbreaking Platform Publishes List of Ships Dismantled Worldwide revealing Human Rights abuses and Environmental Damage
Brussels, 20 January 2018. The NGO Shipbreaking Platform publishes today its List of Ships dismantled worldwide in 2017 in tidal beaches of South East Asia revealing the shipping industry’s irresponsible shipbreaking practices and a series of human rights and labour abuses, including loss of life,...
February 21st, 2018 | Health and Safety, Ship Demolitions | Read More

FUGRO returns to China for Gas Hydrate research project in further GMGS contract

FUGRO returns to China for Gas Hydrate research project in further GMGS contract
Fugro Voyager Fugro has been awarded a contract by Guangzhou Marine Geological Survey (GMGS) for gas hydrate investigation on the Northern Continental Slope of the South China Sea. The contract is valued at approximately US$ 40 million and the project is expected to commence in the second quarter...
February 21st, 2018 | Energy, Underwater Shipping | Read More

Wets …dry-out and Dries “surge”..; is the dog barking?

Wets …dry-out and Dries “surge”..; is the dog barking?
John Faraclas The BDI (Baltic Dry Index)  was up 30 points and now stands 1,117; the Geopolitics will cause more detrimental issues AND results for all. John Faraclas’ daily briefing: The Capers added 81 points and the BCI now stands at 1,678… The Panamaxes’ BPI now reads 1,333 – up 39 points… The...
February 20th, 2018 | Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

SCF Group and Shell pioneer adoption of cleaner-burning LNG as a primary fuel for Aframax tankers

SCF Group and Shell pioneer adoption of cleaner-burning LNG as a primary fuel for Aframax tankers
David Moorhouse, member of the Board of Directors at Sovcomflot, Chairman of the Committee for Innovative Development and Technical Policy of the Board of Directors; Evgeny Ambrosov, Senior Executive Vice-President of SCF Group; Mark Quartermain, Vice-President of Crude Trading for Shell; Dr. Grahaeme...
February 20th, 2018 | Chartering, LNG, Markets, Tankers | Read More

Hot Port News from GAC

Hot Port News from GAC
  20-Feb-2018 DREDGING OPERATIONS OFF KWUN TONG TYPHOON SHELTER Hong Kong LOCK CHAMBER CLOSED AFTER COLLISION Kiel Canal, Germany
February 20th, 2018 | Canals, Port Conditions, Ports & Terminals | Read More

New Chairman and board members announced as IBIA celebrates 25th annual dinner

New Chairman and board members announced as IBIA celebrates 25th annual dinner
A view of the Ball Room The next chairman of the International Bunker Industry Association (IBIA) and the result of board elections were announced at IBIA’s AGM on Monday 19 February, a few hours before more than 1,000 marine fuel professionals gathered at the Grosvenor House Hotel on London’s Park...
February 20th, 2018 | Associations, Bunkering, Events, Conferences,Forums and Symposiums | Read More

London P&I Club records encouraging growth

London P&I Club records encouraging growth
Reto Toggwiler Following the recent completion of the 2018 renewal, the London P&I Club saw an encouraging 2.5m gt, or 5.8% year-on-year increase in its mutual business, to 45.4m gt. The club’s underwriting director, Reto Toggwiler, says, “While the renewal period generally saw rates come under...
February 20th, 2018 | P and I Clubs, Reports | Read More

Diana Containerships Inc. Reports Financial Results for the Fourth Quarter and year ended December 31, 2017

Diana Containerships Inc. Reports Financial Results for the Fourth Quarter and year ended December 31, 2017
ATHENS, GREECE, February 20, 2018 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today reported a net loss of $16.6 million for the fourth quarter of 2017, compared to a net loss of $8.5 million for the same...
February 20th, 2018 | Accountancy, Container shipping, Shipmanagement, Statistics, Stock Markets | Read More

Transnet concludes agreement for new helicopters

Transnet concludes agreement for new helicopters
One of Transnet National Ports Authority’s existing AgustaWestland (AW 109) helicopters in the Port of Durban. [Durban, South Africa, 20 February 2018]  Transnet National Ports Authority (TNPA) has concluded negotiations and signed an agreement for the manufacture, supply and delivery of two new helicopters...
February 20th, 2018 | Aviation, Ports & Terminals, Safety and Security | Read More

From stamp to screen: DNV GL issues over 50,000 electronic certificates

From stamp to screen: DNV GL issues over 50,000 electronic certificates
Hamburg, 20 February 2018: With the introduction of IMO compliant electronic class and statutory certificates DNV GL took classification into new territory. Now, just four months after the launch of this new service, more than 50,000 certificates have been issued. “We have been overwhelmed by the...
February 20th, 2018 | Classification Societies, IT and Communications, Marine Equipment Products and Services, News, Regulatory, Safety and Security, Shipmanagement | Read More

Britannia appoints new exclusive correspondent in Taiwan

Britannia appoints new exclusive correspondent in Taiwan
In a move to maintain the highest possible service levels to its Members in Asia, Britannia P&I has recently made two important changes. In April last year, Britannia’s Managers, Tindall Riley, acquired the club’s Exclusive Correspondent in Japan, Cornes P&I. Renamed Tindall Riley (Britannia)...
February 20th, 2018 | Company Profiles, Mergers and Acquisitions, P and I Clubs | Read More

Toward the tipping point: new research provides a reality check on the outlook for renewable energy.

Toward the tipping point: new research provides a reality check on the outlook for renewable energy.
Karl Ove Ingebrigtsen Technology Radar 2018 “Renewable Energy” report – launched today by Lloyd’s Register – analyses the sizeable renewable energy impacts in the next five (5) years and beyond. It provides answers from leading industry experts on their optimism, concerns and investment...
February 20th, 2018 | Alternative Sources of Energy, Classification Societies, Energy, Environment, News, Reports | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, February 20, 2018)

Daily Overview of Global Markets & the SEE Region (Tuesday, February 20, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: US Treasuries were weaker in early European trade on Tuesday and the 2/10-yr yield curve flattened, in line with the recent equity market recovery.  In FX markets, the USD was firmer supported by higher US Treasury yields. Looking...
February 20th, 2018 | Banking, Finance, Markets, News, Reports, Shipfinance, Statistics, Stock Markets | Read More

Chaucer joins IUA

Chaucer joins IUA
Dave Matcham The International Underwriting Association has announced Chaucer Insurance Company DAC as its newest member company. The firm was established last year, as part of the wider Chaucer group, to write a broad range of international specialty insurance business. It offers clients greater choice...
February 20th, 2018 | Company Profiles, Insurance and Reinsurance, IUA, News | Read More

Wärtsilä and Maersk Drilling create a joint 25-year strategy for thruster services…

Wärtsilä and Maersk Drilling create a joint 25-year strategy for thruster services…
Maersk Drilling Wärtsilä and Maersk Drilling create a joint 25-year strategy for thruster services to increase uptime and reduce costs Wärtsilä Corporation, 20 February 2018 at 10.30 a.m. EET The technology group Wärtsilä and the global drilling contractor Maersk Drilling have joined forces...
February 20th, 2018 | Drill ships, Energy, Marine Equipment Products and Services | Read More