Archive for May, 2018

The BDI@1,090; volatility at its best… or else?

The BDI@1,090; volatility at its best… or else?
John Faraclas – picture by ecopack77 The BDI (Baltic Dry Index) gained 48 points earlier on today, thanks to the Capers triple-digit rise amid an uncertain Geopolitical environment, which amongst other issues, we have the tentative TTs (Trumps Tariffs)  which stir-up the Markets… Posidonia 2018...
May 31st, 2018 | Dry Bulkcarriers, Events, Markets, News, People and Places, Reports, Shipping Indices, Statistics, Tankers | Read More

Red Funnel Ferries celebrates the keel laying of its new UK built freight ship

Red Funnel Ferries celebrates the keel laying of its new UK built freight ship
Rt Hon Alok Sharma MP, Karen George, Kevin George, John Syvret CBE New £10m ship scheduled to enter service in spring 2019, boosting local economies 31 May 2018 — At a keel laying ceremony held today, Red Funnel, the original Isle of Wight ferry operator announced that its new £10m freight ship will...
May 31st, 2018 | News, Ro-Ro and Passenger Ferries, Shipbuilding and Shipyards | Read More

EU bank backs Marseille Fos projects in €50 million agreement

EU bank backs Marseille Fos projects in €50 million agreement
  Christine Cabau Woehrel and Ambroise Fayolle sign the €50 million agreement European Union institution the European Investment Bank (EIB) has renewed its partnership with leading French port Marseille Fos under a €50 million funding agreement to support five key development projects. The projects,...
May 31st, 2018 | Banking, Finance, News, Ports & Terminals, Shipfinance | Read More

TT Club announces positive financial results for 2017 and A.M. Best affirms A- (Excellent) rating

TT Club announces positive financial results for 2017  and A.M. Best affirms A- (Excellent) rating
TT Club, the leading international transport and logistics insurance provider, today announces its financial results for the year ended 31 December 2017, and A.M. Best affirms its A- (Excellent) rating Highlights: $181.8 million gross earned premiums (2016: $177.8 million) $7.3 million surplus for...
May 31st, 2018 | Company Profiles, Marine Insurance, P and I Clubs, Reports | Read More

Posidonia 2018 Sets the Course for Global Shipping

Posidonia 2018 Sets the Course for Global Shipping
Theodore El. Veniamis Event reflects market optimism on 50th Anniversary with record number of exhibitors and 16% floor space increase A total of 1,920 exhibitors from 92 countries and territories will participate at Posidonia 2018 as the world’s most prestigious shipping trade event is getting ready...
May 31st, 2018 | Conferences, Seminars, Forums, Events, Exhibitions, Press and Media | Read More

Jade & Silver: beautiful paintings of Camille Wekesa at Framers Gallery

Jade & Silver: beautiful paintings of Camille Wekesa at Framers Gallery
Spellbound. Jade Sea. Jade & Silver: beautiful paintings of Camille Wekesa at Framers Gallery By James Brewer After days of journeying through the “endless greyness” of arid Turkana county in the Kenyan interior, travellers come across the Jade Sea. The Jade Sea is a vision of startling colour,...
May 31st, 2018 | Art and auctions, Exhibitions, Paintings and Sculpture | Read More

Smart Ship Technologies and Solutions

Smart Ship Technologies and Solutions
A full house attended at Lloyd’s Register Fenchurch Street Auditorium On May 23rd, London welcomed for the very first time a delegation from the Hellenic Marine Equipment Manufacturers and Exporters (HEMEXPO) who held a mini-conference at Lloyd’s Register auditorium under the title “Smart...
May 31st, 2018 | Associations, Events, Conferences,Forums and Symposiums | Read More

Britannia Appoints New Exclusive Correspondent in Copenhagen

Britannia Appoints New Exclusive Correspondent in Copenhagen
Michael Boje-Larsen Britannia is further bolstering its overseas presence with the appointment of a new exclusive correspondent in Copenhagen, Denmark. Denmark is an important market for Britannia and accounts for approximately 16% of its business. The move to open an office in Copenhagen is designed...
May 31st, 2018 | Company Profiles, P and I Clubs, Person Profiles | Read More

SUMMETH project gives green light to adoption of Methanol as a sustainable marine fuel

SUMMETH project gives green light to adoption of Methanol as a sustainable marine fuel
The SUMMETH project has concluded that methanol fuel offers immediate environmental benefits and a zero-carbon pathway for ferries and coastal craft. (Photo credit: Truls Persson ) Project finds methanol offers immediate environmental benefits and zero-carbon pathway for ferries and coastal craft, giving...
May 31st, 2018 | Bunkering, Emissions, Environment, Marine Equipment Products and Services, Pollution, Shipmanagement, Technical, Technology | Read More

BDI@1,042: Ultra caution amid Geopolitical chaos; and what a splash that was from the American Club!

BDI@1,042: Ultra caution amid Geopolitical chaos; and what a splash that was from the American Club!
John Faraclas – picture by ecopack77 The fall in the Dry markets continues. The Geopolitcs continue to be perplexed and uncertain and the American Club’s splash makes the headlines…. John Faraclas’ brief markets and geopolitics  report: The BDI (Baltic Dry Index) lost 15 points, a bit of...
May 30th, 2018 | Chartering, Dry Bulkcarriers, Events, Marine Insurance, Markets, P and I Clubs, Reports, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Scrubber technology must meet challenges of lifecycle costs and durability

Scrubber technology must meet challenges of lifecycle costs and durability
Neil Anderson, Director of Marine Technologies at LAB. Notion that scrubbers, are large, alloy units that are hard to install, maintain, and recycle needs to evolve, says manufacturer PARIS – 30 May 2018 – Global market-leader in flue gas treatment and desulphurisation, LAB, part of the CNIM Group,...
May 30th, 2018 | Bunkering, Emissions, Environment, Insight, Marine Equipment Products and Services, Pollution, Technology | Read More

Hot Port News from GAC

Hot Port News from GAC
30 May 2018 SHORE PROTECTION WORKS NEAR SENOKO FISHERY PORT Singapore POST-STORM PORT STATUS BACK TO NORMAL Mobile, United States ANCHORAGE CLOSED DUE TO ADVERSE WEATHER Port Kembla, Australia Shore protection works near Senoko fishery port Wednesday, May 30, 2018, Singapore From 1 June to 30 October,...
May 30th, 2018 | Port Conditions, Ports & Terminals, Weather | Read More

Class in the glass business: Gavridis Glass serves shipping and much more

Class in the glass business: Gavridis Glass serves shipping and much more
Glass being loaded on a roro-ferry Gavridis Glass has a history of 70 years within the glass industry. Starting from a small business run by just one individual – George Gavridis – it has now become a third generation family business run by his sons and grandchildren on its own premises of...
May 30th, 2018 | Art and auctions, Cruise Ferry, Cruise Industry, Events, Marine Equipment Products and Services, News, Technical, Technology | Read More

A major milestone for Poseidon Med II work on regulatory framework…

A major milestone for Poseidon Med II work on regulatory framework…
Poseidon Med II representatives with the Minister Kouroumplis during the presentation of the Presidential Decree* A major milestone for Poseidon Med II work on regulatory framework: Presidential Decree for LNG Bunkering in Greece Greek Minister of Shipping P. Kouroumplis presented the Presidential Decree...
May 30th, 2018 | Bunkering, Classification Societies, Conferences, Seminars, Forums, Marine Equipment Products and Services, Technical, Technology | Read More

HSH Nordbank finances the largest solar park in the Netherlands to date

HSH Nordbank finances the largest solar park in the Netherlands to date
Depiction of the Scaldia solar park © 2018 North Sea Port HAMBURG/KIEL HSH Nordbank is making available to IB Vogt GmbH EUR 41 million in long-term project finance for the construction and operation of the Scaldia solar park in the Netherlands. IB Vogt is developing the project in collaboration with...
May 30th, 2018 | Alternative Sources of Energy, Banking, Construction, Energy, Finance, News | Read More

CSSF held its latest meeting in Vancouver, Canada on 17 and 18 May 2018

CSSF held its latest meeting in Vancouver, Canada on 17 and 18 May 2018
Hamburg, 30 May 2018. The Container Ship Safety Forum (CSSF) held its latest members’ meeting with 25 participants in Vancouver, Canada on 17 and 18 May 2018. The meeting was kindly hosted by CSSF member Seaspan Ship Management Ltd. in their premises in Vancouver. Besides CSSF members also three...
May 30th, 2018 | Containers, Events, Conferences,Forums and Symposiums, Markets | Read More

Falling BDI, WTI, Euro, Stock markets; rising Wets and international debt…

Falling BDI, WTI, Euro, Stock markets; rising Wets and international debt…
John Faraclas – picture credits by Georgina Lazaridis The BDI (Baltic Dry Index) fell twenty points and now stands at 1,057; the Wets continued to rise but marginal; Europe with a possible Italexit ante portas and a weak Euro creating havoc amid Geopolitical chaos. Posidonia social and business...
May 29th, 2018 | Associations, Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Events, Marine Insurance, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Hot Port News from GAC

Hot Port News from GAC
29-May-2018 MARINE SITE INVESTIGATION AT SOKO ISLANDS Hong Kong ALBERTO MOVING THROUGH CENTRAL ALABAMA Alabama, United States Marine site investigation at Soko Islands Tuesday, May 29, 2018, Hong Kong For approximately one month, marine site investigation involving drilling of boreholes will be carried...
May 29th, 2018 | Port Conditions, Ports & Terminals | Read More

Association of Average Adjusters annual dinner is told that the future is bright for the profession

Association of Average Adjusters annual dinner is told that the future is bright for the profession
Guests dine in the Savoy Hotel Lancaster Ballroom Practitioners of marine average adjusting, proud of the historic roots of their profession, are facing the future with confidence. This was a key theme of speakers at the 2018 annual dinner of the Association of Average Adjusters. They stressed the wide...
May 29th, 2018 | Associations, Events, Marine Insurance, People and Places | Read More

Daily Overview of Global Markets & the SEE Region (Thursday, May 29, 2018)

Daily Overview of Global Markets & the SEE Region (Thursday, May 29, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Uncertainty about US/China trade discussions continued to mount while yesterday’s newswires conveyed that the US President asked Commerce Secretary Wilbur Ross to start a national security investigation into car and truck imports....
May 29th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Maersk Fluid Technology automates SEA-Mate® Blending-on-Board Technology

Maersk Fluid Technology automates SEA-Mate® Blending-on-Board Technology
The SEA-Mate® BOB B3000 – Click image to download Maersk Fluid Technology (MFT) have advanced their SEA-Mate® Blending-on-Board (BOB) technology with integrated software that automates the system’s function to produce Fit-for-Purpose cylinder lubricants using data received from sensors onboard. Originally...
May 29th, 2018 | Marine Equipment Products and Services, Technical, Technology | Read More

Hot Port News from GAC

Hot Port News from GAC
28-May-2018 OPERATION OF RORO RAMP AT TUAS VIEW Singapore HOLIDAY DECLARED AFTER CYCLONE STRIKES Salalah, Oman Operation of RoRo ramp at Tuas View Monday, May 28, 2018, Singapore From 28 May to 27 November, loading and unloading of materials and construction equipment will be carried out at the RoRo...
May 28th, 2018 | Port Conditions, Ports & Terminals, Weather | Read More

Best quarter performance ever at Container Terminal St. Petersburg: 168,500 TEUs, a 7.8% container volumes growth

Best quarter performance ever at Container Terminal St. Petersburg: 168,500 TEUs, a 7.8% container volumes growth
… St. Petersburg, Russia based Container Terminal St. Petersburg (CTSP) between January and March of 2018 handled 168,500 TEUs, which represents a 7-percent growth on the same period a year earlier. The quarter results appeared to be the best ever for CTSP in terms of container traffic. This...
May 28th, 2018 | Containers, Ports & Terminals | Read More

Richard Cornah becomes an Honorary Fellow of the Association of Average Adjusters

Richard Cornah becomes an Honorary Fellow of the Association of Average Adjusters
ichard Cornah (left) and Willum Richards A leading practitioner in the marine insurance sector, Richard Cornah, has been made an honorary fellow of the Association of Average Adjusters. Honorary fellowships are awarded in recognition of outstanding professional contribution to the aims of the Association....
May 28th, 2018 | Associations, Marine Insurance, News | Read More

Taganrog Sea Commercial Port reports a 4-percent growth in 1Q volumes, to 333,000 tonnes

Taganrog Sea Commercial Port reports a 4-percent growth in 1Q volumes, to 333,000 tonnes
Taganrog Port Taganrog, Russia based AO Taganrog Sea Commercial Port (TagSCP, part UCL Holding) in the first three-month period 2018 handled 333,000 tonnes of cargo, which represents a 4-percent increase, year-on-year. According to TagSCP statement, the growth should be attributed to the increased...
May 28th, 2018 | Company Profiles, Ports & Terminals | Read More