Archive for November, 2018

Alfa Laval has successfully completed tests for U.S. Coast Guard type approval with zero holding time

Alfa Laval has successfully completed tests for U.S. Coast Guard type approval with zero holding time
Alfa Laval PureBallast 3 reactor family – Click image to download Alfa Laval has successfully completed additional tests at the Norwegian Institute for Water Research (NIVA) to verify the biological efficacy of Alfa Laval PureBallast 3 without holding time. As a result, PureBallast 3 is on target...
November 29th, 2018 | Environment, Marine Equipment Products and Services, Pollution | Read More

The naked truth; the BDI@1,330

The naked truth; the BDI@1,330
John Faraclas The BDI (Baltic Dry Index) lost nine points earlier on today due to Capes’ hiccups so to speak. Geopolitics create an uncertainty and things – as we have numerous times warned you: will get sour. John Faraclas’ daily market briefing: The Capes’ BCI  following a crazy upwards...
November 28th, 2018 | Chartering, Comment, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

LCC: Dealing with difficult charterers under the MYBA form

LCC: Dealing with difficult charterers under the MYBA form
The MYBA Charter Agreement is widely used in the luxury yacht market. The Club has recently assisted with several cases involving charterers committing multiple breaches of clause 13. The clause governs the way in which the charterer and their guests use the yacht during the charter period. In our latest...
November 28th, 2018 | Chartering, P and I Clubs, Yachting | Read More

American Club: Iran sanctions update – Iranian crude oil shipment waivers

American Club: Iran sanctions update – Iranian crude oil shipment waivers
Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club In Club Circular 41/18 of November 6, 2018 Members were informed of the reimposition of US secondary sanctions against Iran in the aftermath of the US Administration’s decision to withdraw from the...
November 28th, 2018 | Markets, News, Oil Industry, P and I Clubs, Sanctions, Trade and Commerce | Read More

Crowley merges liner services unit into integrated logistics organization

Crowley merges liner services unit into integrated logistics organization
.. (JACKSONVILLE, Fla.; Nov. 28, 2018) ­– To better serve customers with integrated supply chain solutions, Crowley Maritime Corporation announced today that it will complete the merger of its liner services group into Crowley Logistics on Jan. 1 under the leadership of Steve Collar, senior vice president...
November 28th, 2018 | Company Profiles, Logistics, Mergers and Acquisitions, Person Profiles | Read More

Hot Port News from GAC

Hot Port News from GAC
28-Nov-2018 PORT CLOSED TO SHIPPING Port Kembla, Australia SAFETY ZONE ESTABLISHED FOR FIREWORKS DISPLAY Lower Mississippi River, Baton Rouge, United States Port closed to shipping Wednesday, November 28, 2018, Port Kembla, Australia Due to forecast strong winds and swell, Port Kembla was closed to all...
November 28th, 2018 | Port Conditions, Ports & Terminals, Weather | Read More

Wärtsilä broadens its Smart Marine portfolio with addition of high-speed, compact engine: The Wärtsilä 14

Wärtsilä broadens its Smart Marine portfolio with addition of high-speed, compact engine: The Wärtsilä 14
The Wärtsilä HYTug 40 concept will feature two Wärtsilä 14 engines and a hybrid propulsion solution. Wärtsilä Corporation,  28 November 2018 at 7.30 pm EET – The technology group Wärtsilä strengthens its position as a global leader in the maritime markets by introducing the first Wärtsilä-branded...
November 28th, 2018 | Events, Conferences,Forums and Symposiums, Exhibitions, Marine Equipment Products and Services, Technology | Read More

AFL Sud America launches in Argentina

AFL Sud America launches in Argentina
Guillermo Pastore Independent Lloyd’s broker AFL Insurance Brokers Ltd (AFL) is delighted to today announce the launch of AFL Sud America LLC (AFL Sud America), as part of a joint venture with Special Division Reinsurance Brokers (Special Division), one of the largest reinsurance brokers in South America. Headquartered...
November 28th, 2018 | Company Profiles, Insurance and Reinsurance, Marine Insurance, Person Profiles | Read More

First successful privatisation of a Landesbank completed

First successful privatisation of a Landesbank completed
Stefan Ermisch, CEO HAMBURG/KIEL – HSH Nordbank AG is today embarking on its future as the first successfully privatised Landesbank in Germany. The commercial bank’s new shareholders, who are independent of each other, are Cerberus Capital Management, J. C. Flowers & Co., GoldenTree Asset Management,...
November 28th, 2018 | Banking, Finance, Mergers and Acquisitions, News, Shipfinance | Read More

Aderco sizes up the fishing industry

Aderco sizes up the fishing industry
New compact bottles of Aderco 2055G Aderco has responded to an increasing demand from customers in the fishing industry for smaller containers of fuel treatment with the introduction of a new one litre bottle, due to usage and storage restrictions on board. The Pelagic trawler fleets have been using...
November 28th, 2018 | Bunkering, Marine Equipment Products and Services | Read More

Wärtsilä achieves notable advances in automated shipping with latest successful tests

Wärtsilä achieves notable advances in automated shipping with latest successful tests
The ‘Folgefonn’ was operated autonomously for its entire route from dock-to-dock with the Wärtsilä automated dock-to-dock solution. Wärtsilä Corporation, 28 November 2018 at 2 pm EET – The technology group Wärtsilä has successfully completed a further round of test procedures of its...
November 28th, 2018 | Marine Equipment Products and Services, Technical, Technology | Read More

GAC supports Row4Ocean’s trans-Atlantic bid and marine preservation efforts

GAC supports Row4Ocean’s trans-Atlantic bid and marine preservation efforts
Loading of the ‘Year of Zayed’ boat in Dubai. Freight services for ‘Year of Zayed’ boat from Dubai to Dakar and from Paramaribo back to Dubai Dubai, United Arab Emirates, 28 November 2018 – GAC is supporting the Dubai-based syndicate Row4Ocean’s attempt to complete an endurance-testing...
November 28th, 2018 | Logistics, Sailing, Sports, Yachting | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, November 28, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, November 28, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Trade woes linger ahead of the meeting between US President Donald Trump and his Chinese counterpart Xi Jinping on 1 December, on the sidelines of the G20 summit in Argentina. Adding to the above, a media report conveyed that the US...
November 28th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Trade and Commerce | Read More

The global insurance market into the red for the first time in six years

The global insurance market into the red for the first time in six years
_ Maria Mavroudi Over 80% of the global trade, by volume, relies on Shipping to transport goods. The global seaborne trade is expanding, supported also by the 2018 upswing in the world economy.  After a long period of stagnation, the world economy is finally strengthening. In 2017, global economic growth...
November 28th, 2018 | Featured, Insight, Marine Insurance, Reports | Read More

RMT Irish Sea campaign day of action in Liverpool on Friday in fight for pay justice

RMT Irish Sea campaign day of action in Liverpool on Friday in fight for pay justice
Mick Cash RMT’s campaigning in the Irish Sea will turn to ‘low-cost’ operator Seatruck in Liverpool this Friday with an early morning protest at the company’s depot at Brocklebank Dock as the union steps up the fight for pay and workplace justice. The Liverpool protest, part of a day of action...
November 28th, 2018 | HR, Labour Disputes | Read More

May deal faces near-impossible hurdles, In conversation with Caroline Atkinson

May deal faces near-impossible hurdles, In conversation with Caroline Atkinson
British PM Theresa May Commentary: May deal faces near-impossible hurdles By Joergen Oerstroem Moeller in Singapore Prime Minister Theresa May would almost certainly try to counter a rejection of her Brexit deal in the UK parliament by returning with an amended version to avoid the more dramatic alternatives....
November 28th, 2018 | Banking, Comment, Finance, Politics and Government, Reports | Read More

The BDI@1,339: The roulette wheel keeps turning. It all depends on what day of the week you fix

The BDI@1,339: The roulette wheel keeps turning. It all depends on what day of the week you fix
John Faraclas The BDI@1,339: The roulette wheel keeps turning. It all depends on what day of the week you fix. Just compare to only 5 days ago (22/11) and see what you get out of this. The BCI has exactly doubled whilst Handies and Supras are completely flat; all the Capes heading to China. Geopolitics...
November 27th, 2018 | Associations, Classification Societies, Insight, Insurance and Reinsurance, IUA, Marine Insurance, Markets, News, Reports, Technical, Technology | Read More

2open completes acquisition of INTTRA, bringing together leading Global Cloud Supply Chain Management and Leading Ocean Shipping Network

2open completes acquisition of INTTRA, bringing together leading Global Cloud Supply Chain Management and Leading Ocean Shipping Network
. The One Place in the Cloud to Run Your Supply Chain is Now the One Place in the Cloud to Manage Your Global Logistics AUSTIN, Texas, November 27, 2018 – E2open today announced the completion of the acquisition of INTTRA following regulatory approval. This brings together the world leader in...
November 27th, 2018 | Logistics, Mergers and Acquisitions | Read More

London-Bermuda connections celebrated at BDA forum

London-Bermuda connections celebrated at BDA forum
Bermuda’s premier David Burt Hamilton, Bermuda, November 27, 2018 – Bermuda’s historic business bonds with London and potential future synergies through fintech and emerging technologies were key themes of a multi-industry forum in London today.  Close to 200 industry professionals...
November 27th, 2018 | Events, Conferences,Forums and Symposiums | Read More

“Amerika Square” triumphs in Piccadilly Circus!

“Amerika Square” triumphs in Piccadilly Circus!
Marblemen Productions receive the Founders Award for Sustainability on the Big Screen from Surina Narula MBE © Photo by Yakir Zur On Monday 26th November, 2018 at the iconic building of BAFTA in Piccadilly, London, “Amerika Square”, the Greek feature film which represented Greece at the 90th Academy...
November 27th, 2018 | Awards, Events, Film Industry, Immigration | Read More

Hot Port News from GAC

Hot Port News from GAC
27-Nov-2018 SUSPENSION OF PORT MARINE OPERATIONS Dammam, Saudi Arabia DRILLING & BLASTING IN TEMASEK FAIRWAY Singapore Suspension of port marine operations Tuesday, November 27, 2018, Dammam, Saudi Arabia Marine operation at the port of Dammam were temporarily suspended for safety reasons at 04.50...
November 27th, 2018 | Port Conditions, Ports & Terminals | Read More

Crowley offers speed and convenience this Holiday Shipping Season

Crowley offers speed and convenience this Holiday Shipping Season
.. (MIAMI; November 27, 2018) ­– Consumers needing to send holiday gifts to Puerto Rico, the Caribbean or Central America from online retailers or U.S.-based retail stores now can get items there faster with Crowley Logistics’ speed-to-market, less-than-containerload services designed for small-to-medium-sized...
November 27th, 2018 | Consumers Market, Holidays, Logistics, Ports & Terminals, Religion | Read More

HFW: Insurance Bulletin – November 2018

HFW: Insurance Bulletin – November 2018
Costas FrangeskidesPartnerHolman Fenwick Willan LLP In this issue: Regulation and legislation; Court cases and arbitration; HFW publications and events 1. Regulation and Legislation UK: Unfair pricing practices? FCA launches market study into the retail home and motor markets 2. Court cases and arbitration England...
November 27th, 2018 | Communication, Insight, Insurance and Reinsurance, Legal, Marine Insurance | Read More

Balancing the roles of the ECB, China and the US: Adapting to a changing relationship, The future of EU financial services after Brexit

Balancing the roles of the ECB, China and the US: Adapting to a changing relationship, The future of EU financial services after Brexit
… Balancing the roles of the ECB Monday 10 December, 12:15 London A discussion with Ignazio Angeloni, member of the supervisory board at the European Central Bank. The meeting will focus on how the ECB balances its roles of monitoring the euro area’s banking sector whilst stimulating banks...
November 27th, 2018 | Banking, Finance, Reports | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, November 27, 2018)

Daily Overview of Global Markets & the SEE Region (Tuesday, November 27, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: US-China trade conflict remains one of the major market themes with investors eagerly awaiting the planned meeting between US President Donald Trump and his Chinese counterpart Xi Jinping on the sidelines of the G20 summit in Argentina...
November 27th, 2018 | Banking, Finance, Markets, Military, Reports, Shipfinance, Statistics, Stock Markets, Trade and Commerce | Read More