Archive for July, 2018

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

Daily Overview of Global Markets & the SEE Region (Tuesday, July 17, 2018)

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

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

The BDI@1,695 holds well…

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

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

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 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

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

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)

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 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

Wärtsilä to assist Transocean with thruster maintenance optimisation and dry-docking cost reductions

Wärtsilä to assist Transocean with thruster maintenance optimisation and dry-docking cost reductions
Wärtsilä Corporation, 16 July 2018 at 11.00 am EEST – Wärtsilä and Transocean will optimise the maintenance of all Wärtsilä thrusters installed within the Transocean fleet, while seeking to significantly reduce dry-docking costs by extending the service intervals of the thrusters. The agreement...
July 16th, 2018 | Marine Equipment Products and Services, Shiprepair | Read More

Programme for IMCA annual seminar launched

Programme for IMCA annual seminar launched
Allen Leatt Working together: getting back to business – oil companies and contractors finding new ways of working New strategic themes for IMCA under the spotlight – environmental sustainability, digitalisation, and standardisation Two awards open for entries The International Marine Contractors...
July 16th, 2018 | Events, Conferences,Forums and Symposiums | Read More

Lorina Limonade Win on Home Waters but Beijaflore Lead Into Med By One Point.

Lorina Limonade Win on Home Waters but Beijaflore Lead Into Med By One Point.
©Jean-Marie Liot / A.S.O. On Saturday’s capricious coastal race they were overshadowed by title challengers Beijaflore but when the seabreeze finally delivered on South Brittany’s beautiful Morbihan Bay it was the local aces on Lorina Limonade-Golfe du Morbihan who read it best and won the Stade...
July 15th, 2018 | Sailing, Sports | Read More

Time stands still…

Time stands still…
Tony Fandino Time Stands Still: solo exhibition by Tony Fandino at London’s A&D Gallery  By James Brewer  Tony Fandino has long been a man of Kent, an admirer of its rural glories, but the native New Yorker is proud of the roots his family put down in the maritime industry and in naval service...
July 14th, 2018 | Art and auctions, Exhibitions, Interviews, Paintings and Sculpture | Read More

Hot Port News from GAC

Hot Port News from GAC
14-Jul-2018 WORLD HOLIDAYS: 15-28 JULY 2018 Worldwide NEW DRAFT LIMITATION IN SHIP CHANNEL Houston, United States World Holidays: 15-28 July 2018 Saturday, July 14, 2018, Worldwide Public holidays around the world in the coming two weeks include the following: 18 Jul (Wed) – Nelson Mandela Birthday...
July 14th, 2018 | Canals, Holidays, Inland Waterways, Port Conditions, Ports & Terminals | Read More

Uncertain and perplexed markets and …geopolitics

Uncertain and perplexed markets and …geopolitics
John Faraclas – picture by ecopack77 The BDI (Baltic Dry Index) gained another 34 points and now reads 1,666; 44 points better off since last week’s 1,622 points. Volatility is here to stay and same together with perplexity applies for the messy Geopolitics; John Faraclas’ daily and weekly...
July 13th, 2018 | Chartering, Dry Bulkcarriers, Markets, Military, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Chaos and Calamity for 49er, FX Leaders as New European Champs crowned for both Classes

Chaos and Calamity for 49er, FX Leaders as New European Champs crowned for both Classes
Copyright © 2018 9er Inc, All rights reserved. Italy’s Tita/Banti Become First Back-to-Back European Champions in Foiling Nacra 17 Era With racing starting an hour early to compensate for lost races earlier in the week, sailors hitting the water for the final day of the 2018 49er and Nacra 17 European...
July 13th, 2018 | Sailing, Sports | Read More

The Power of the Public

The Power of the Public
Plastic Straws:  An Environmental Problem Gaining Importance to the Public- and the Marine Industry Every day, Americans use 500,000,000 plastic straws. Arranging these straws end-to-end would create a line of plastic over 62,000 miles long, enough to circle the Earth 2.5 times per day. Single-use plastic...
July 13th, 2018 | Associations, Environment, News, Oceanology, Pollution | Read More

Hot Port News from GAC

Hot Port News from GAC
  13-Jul-2018 SPEED IN RESTRICTED ZONES  Hong Kong MERCHANT SHIPPING LEGISLATION AMENDMENTS COMING INTO EFFECT Hong Kong NEW PASSENGER LANDING CHARGES ANNOUNCED Tanjung Emas, Indonesia TRUCK DRIVERS’ STRIKE CALLED OFF Lagos, Nigeria DREDGING NEAR DENMAN SHOAL Singapore Speed in...
July 13th, 2018 | Port Conditions, Ports & Terminals | Read More

A Lorina Cocktail for Le Big Weekend?

A Lorina Cocktail for Le Big Weekend?
©Jean-Marie Liot / A.S.O. Lorina Golfe du Morbihan Teams head to ‘Home’ Act in First and Third on 41st Tour Voile Lorina Limonade Golfe du Morbihan win Act 3 Stade Nautique in Barneville-Carteret #sailingarabia Finish Fourth and Go to Act 4 in Fourth. On what promises to be a massive weekend...
July 13th, 2018 | Sailing, Sports | Read More

Fleet Optimization and Innovation Headlines of the Week 2018/07/11

Fleet Optimization and Innovation Headlines of the Week 2018/07/11
Paris MOU Illustrates Risk and Opportunity Two weeks ago, I had the honor of meeting Richard Schiferil who is the Secretary-General of the Paris MOU.  A Master Mariner, Richard has been working for the improvement of our industry for the past 29 years at the Paris MOU, an agency which is committed to...
July 13th, 2018 | Associations, Events, Conferences,Forums and Symposiums, Exhibitions, Health and Safety, HR, Safety and Security | Read More

Greek Shipowners applaud IMO decision to consider safety implications associated with the 2020 marine fuels and their respective challenges

Greek Shipowners applaud IMO decision to consider safety implications associated with the 2020 marine fuels and their respective challenges
Theodore El. Veniamis, president of the Union of Greek Shipowners The Union of Greek Shipowners warmly welcomes the decision by the recent IMO Intersessional Working Group (London, July 9-13, 2018) to take into account several valid safety concerns linked to the transition to new low-sulphur fuels, especially...
July 13th, 2018 | Associations, Emissions, Environment, News | Read More

COA launches re-designed website

COA launches re-designed website
The Container Owners Association has launched its new, re-designed, website – Members and other interested organisations are invited to visit it. See: www.containerownersassociation.org The aim of the new design is to provide easy access to the various activities that are being undertaken by the...
July 13th, 2018 | Associations, Communication, Containers, IT and Communications | Read More

UK freight forwarders association expresses mixed feelings on Brexit White Paper

UK freight forwarders association expresses mixed feelings on Brexit White Paper
Robert Keen Responding to yesterday’s White Paper outlining the UK Government’s proposed future relationship between the UK and European Union after Brexit, Robert Keen, Director General of the British International Freight Association (BIFA) expressed mixed feelings about its contents. “The...
July 13th, 2018 | Comment, European Union, News, Organisations, Politics and Government, Port Conditions, Ports & Terminals, Trade and Commerce | Read More