Archive for September, 2018

Is there hope for the BDI?

Is there hope for the BDI?
John Faraclas The BDI (Baltic Dry Index) gained 17 points earlier on today and now at 1,373 – as on the 20 June, takes a deep breath… Geopolitics once again more than perplexed. John Faraclas daily market briefing: Difficult days lie ahead for all sectors in the markets as nothing much has happened...
September 19th, 2018 | Chartering, Dry Bulkcarriers, Markets, Shipping Indices, Stock Markets, Trade and Commerce | Read More

Seven artists scintillate in 8:18 exhibition in London

Seven artists scintillate in 8:18 exhibition in London
Carolyn Gowdy. Seven artists scintillate in 8:18 exhibition in London By James Brewer Long-lasting friendships forged by art students in London more than three decades ago are celebrated in an exhibition of their current work in the West End. It is called, by way of a palindrome (something that reads...
September 19th, 2018 | Art and auctions, Exhibitions, Paintings and Sculpture | Read More

Going . . back to our Maritime Roots !!

Going . . back to our Maritime Roots !!
Danae Bezantakou Athens, Wednesday 19th September 2018 – It gives us great pleasure to announce that NAVIGATOR SHIPPING CONSULTANTS will proudly host the NAVIGATOR– ‘The Shipping Decision Makers Weekend’ on the occasion of the 18th NAVIGATOR FORUM, which will be held at Chios Island on 21st,...
September 19th, 2018 | Conferences, Seminars, Forums | Read More

Hot Port News from GAC

Hot Port News from GAC
19-Sep-2018 SUBMARINE OUTFALL REPAIR WORKS OFF CHAI WAN Hong Kong Submarine outfall repair works off Chai Wan Wednesday, September 19, 2018, Hong Kong For approximately 2 months, submarine outfall inspection and repair works will be carried out in the following areas: AREA 1: This area is bounded by...
September 19th, 2018 | Port Conditions, Ports & Terminals | Read More

Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future

Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future
Closing ceremony of the Green Corridor project in Singapore Singapore, 19 September 2018: The Green Corridor Joint Industry Project (JIP) has ended on a high note, delivering a well-received LNG-fuelled Newcastlemax design for transporting iron ore and coal on the Australia–China route in Phase 1a,...
September 19th, 2018 | Classification Societies, Emissions, Energy, Environment, Shipbuilding and Shipyards | Read More

Approval in Principle granted for 300MW Floating Storage, Regasification, Power Plant (FSRP)

Approval in Principle granted for 300MW Floating Storage, Regasification, Power Plant (FSRP)
David Barrow, LR Commercial Director – Marine & Offshore presenting the AiP to Maarten Spilker, Wison Solutions Director at Gastech Approval in Principle (AiP) granted for 300MW Floating Storage, Regasification, Power Plant (FSRP) Lloyd’s Register (LR) presents AiP to the shipyard Wison 19 September...
September 19th, 2018 | Classification Societies, LNG, Regulatory, Shipbuilding and Shipyards, Technical, Technology | Read More

Take advantage of R&D funding

Take advantage of R&D funding
Laurence Kingdon Take advantage of R&D funding by Laurence Kingdon Given the mounting pressure on the shipping industry to reduce emissions brought on by the IMO’s GHG strategy and commitment to a 50% reduction in CO2 emissions by 2050, it is unsurprising that there is a growing desire to innovate...
September 19th, 2018 | Emissions, Energy, Environment, Finance, Technology | Read More

Richard Turner elected President of IUMI

Richard Turner elected President of IUMI
Richard Turner 19 September, Cape Town. Richard Turner, European Director of Global Risk Solutions at RSA Insurance Group has been elected President of the International Union of Marine Insurance (IUMI). In accordance with the Articles of Association, IUMI’s Council formally elected Richard at...
September 19th, 2018 | Associations, Conferences, Seminars, Forums, Insurance and Reinsurance, Marine Insurance, News, Person Profiles | Read More

Outlook for marine cargo insurance challenging but opportunities remain for underwriters, says IUMI

Outlook for marine cargo insurance challenging but opportunities remain for underwriters, says IUMI
Sean Dalton On Tuesday 18 September – Sean Dalton, the International Union of Marine Insurance (IUMI) Cargo Committee Chair reported that the marine cargo market remained the largest commercial marine line of business in terms of premium income. IUMI’s 2017 statistics showed global cargo premiums...
September 19th, 2018 | Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Marine Insurance | Read More

DNV GL awards AiP to Jiangnan Shipyard for 93K cbm very large ethane carrier design “PANDA E”

DNV GL awards AiP to Jiangnan Shipyard for 93K cbm very large ethane carrier design “PANDA E”
Hu Keyi (Jiangnan Shipyard) receives the AiP from Johan Petter Tutturen (DNV GL). Barcelona, Spain, 18 September 2018: Leading classification society DNV GL has awarded Chinese shipyard Jiangnan with an Approval in Principle (AiP) for the design of a 93,000-cubic meter (cbm) very large ethane carrier....
September 19th, 2018 | Classification Societies, Marine Equipment Products and Services, Shipbuilding and Shipyards, Technical, Technology | Read More

International Taskforce mobilised to optimize port calls using existing standards

International Taskforce mobilised to optimize port calls using existing standards
Image courtesy of EXMAR. Antwerp, September 19th, 2018 – “We cannot envisage an efficient port call if all parties involved cannot reach a common understanding on what defines a port call, the parameters involved and key events where accurate information needs to be shared by actual data...
September 19th, 2018 | Ports & Terminals, Safety and Security | Read More

Maersk Supply Service completes FSO tow and installation for Culzean Field

Maersk Supply Service completes FSO tow and installation for Culzean Field
Culzean hook up Last week, hook up of the Ailsa Floating Storage and Offloading unit (FSO) was successfully completed. This marks the final step of the FSO transportation and installation for the Culzean field, under the project management of Maersk Supply Service. The project has been delivered to Total...
September 19th, 2018 | Energy, Salvage, Towage, Wreck Removals, Supply ships | Read More

11th Annual Capital Link Shipping & Marine Services Forum”- Tuesday, September 25, 2018 at the Royal Society, in London

11th Annual Capital Link Shipping & Marine Services Forum”- Tuesday, September 25, 2018 at the Royal Society, in London
Nicolas Bornozis Capitalizing on the long established track record of organizing highly successful large scale maritime conferences in major industry centers around the world, the “11th Annual Capital Link Shipping & Marine Services” Forum will take place on September 25th 2018 in London, in...
September 19th, 2018 | Events, Conferences,Forums and Symposiums | Read More

Freight association fumes over sulphur surcharge

Freight association fumes over sulphur surcharge
Robert Keen The British International Freight Association (BIFA), the trade association for UK freight forwarding and logistics companies, has described the container shipping industry’s recent imposition of a ‘sulphur surcharge’ as unjustified and blatant profiteering.  It follows an announcement...
September 19th, 2018 | Associations, Energy, Environment, Logistics, Taxation, Trade and Commerce | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, September 19, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, September 19, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: In retaliation to the US administration’s announcement late on Monday of a 10% tariff on an additional $200bn of imports from China, the latter announced yesterday the imposition of duties on $60bn worth of US goods. However, the...
September 19th, 2018 | Banking, Finance, Markets, Reports, Sanctions, Shipfinance, Statistics, Stock Markets | Read More

Naval Dome calls on Insurers to revoke Clause CL 380

Naval Dome calls on Insurers to revoke Clause CL 380
Itai Sela Naval Dome has called on marine insurers to revoke the controversial Clause CL 380 and implement policies that insure against the risk of cyber-attacks on ship systems. Speaking in Cape Town, South Africa, today during the International Union of Marine Insurance’s (IUMI) annual conference,...
September 19th, 2018 | Bribery and Corruption, Comment, Conferences, Seminars, Forums, Corruption, Events, Insight, Insurance and Reinsurance, Marine Insurance, News, Safety and Security | Read More

Measuring geopolitics’ impact on markets, Africa connected

Measuring geopolitics’ impact on markets, Africa connected
… Commentary: Measuring geopolitics’ impact on markets By Elliot Hentov, Alexander Petrov and Fabrizio Zumbo In Alexandre Dumas’s 1844 novel The Count of Monte Cristo, news of an impending revolution in Spain creates financial panic among French investors. Some sell Spanish bonds at...
September 19th, 2018 | Markets, Trade and Commerce | Read More

Portugal joins WISTA International

Portugal joins WISTA International
Despina Panayiotou Theodossiou September 18, 2018 – The Women’s International Shipping & Trading Association (WISTA) continues to grow worldwide, welcoming Portugal to the global network of executive women in shipping. The launch of WISTA Portugal was announced this week by Ana Paula...
September 18th, 2018 | Associations, News, People and Places, WISTA - Women in Shipping | Read More

Opppppps the BDI@1,356

Opppppps the BDI@1,356
John Faraclas – picture by ecopack77 The BDI (Baltic Dry Index) lost just a point thanks primarily to the Supras and Handies and to a leaser extend to the Panamaxes… Geopolitics spot on: more than perplexed. John Faraclas’ brief Market recap: The Capes’ fall continued with the BCI down 27...
September 18th, 2018 | Chartering, Markets, Reports, Shipping Indices, Tankers | Read More

Hot Port News from GAC

Hot Port News from GAC
18-Sep-2018 OPERATION OF TEMPORARY JETTY & RORO RAMP Singapore Operation of temporary jetty & roro ramp Tuesday, September 18, 2018, Singapore The working period for the operation of a temporary jetty and roro ramp east of Tuas View has been extended. According to the Maritime and Port Authority...
September 18th, 2018 | Port Conditions, Ports & Terminals | Read More

Diana Shipping announces pricing of US$100 Million senior unsecured bond offering

Diana Shipping announces pricing of US$100 Million senior unsecured bond offering
ATHENS, GREECE, September 18, 2018 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced the pricing of a US$100 million private placement of senior unsecured bonds maturing in September 2023 and callable...
September 18th, 2018 | Company Profiles, Finance, Markets, Stock Markets | Read More

HudsonAnalytix a powerful presence at OAS-CIP Conference

HudsonAnalytix a powerful presence at OAS-CIP Conference
Cynthia Hudson, Founder and CEO of HudsonAnalytix, HudsonAnalytix to Speak on Disaster Response at the 2nd Hemispheric Conference on Port Security: Strengthening Disaster Risk Management Capabilities for Secure Ports in the Americas September 18, 2018- Cynthia Hudson, Founder and CEO of HudsonAnalytix,...
September 18th, 2018 | Conferences, Seminars, Forums, Ports & Terminals, Safety and Security | Read More

Approval in Principle (AiP) of 7,500 m3 LNG bunker design

Approval in Principle (AiP) of 7,500 m3 LNG bunker design
LR’s David Barrow presenting the AiP to Jiangnan’s Hu Keyi at Gastech Lloyd’s Register (LR) presents AiP to Jiangnan Shipyard (Group) Co., Ltd.  18 September 2018 – LR announced today during a presentation at Gastech – the leading exhibition and conference for the global gas,...
September 18th, 2018 | Bunkering, Classification Societies, Conferences, Seminars, Forums, Exhibitions, LNG, Regulatory, Technical, Technology | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, September 18, 2018)

Daily Overview of Global Markets & the SEE Region (Tuesday, September 18, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Trade tensions between the US and China intensified following US President Donald Trump’s announcement late yesterday after market close on the imposition of a 10% tariff on an additional $200bn of imports from China. The tariff will...
September 18th, 2018 | Markets, Reports, Statistics, Stock Markets | Read More

Now is the time to manage the “unthinkable” risks, says IUMI President

Now is the time to manage the “unthinkable” risks, says IUMI President
Dieter Berg Opening this year’s International Union of Marine Insurance (IUMI) annual conference yesterday in Cape Town, South Africa, IUMI President Dieter Berg impressed on delegates the need to manage “unthinkable” risks. He highlighted a series of losses that, until recently, would...
September 18th, 2018 | Associations, Conferences, Seminars, Forums, Marine Insurance, News | Read More