Archive for November, 2018

London launches Sharia principles as market looks to Islamic opportunities

London launches Sharia principles as market looks to Islamic opportunities
Max Taylor The London market has taken a significant step forward in its plans to deliver Sharia-compliant capacity for Islamic commercial risks with the Islamic Insurance Association of London (IIAL) launching a set of Guiding Principles for the provision of Sharia-insurance. The principles, will be...
November 27th, 2018 | Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, IUA, Marine Insurance | Read More

Countries victims of ‘ninja’ loans, Central bank digital currencies report

Countries victims of ‘ninja’ loans, Central bank digital currencies report
. Commentary: Countries victims of ‘ninja’ loans By Herbert Poenisch in Beijing Countries need infrastructure in much the same way that US families needed houses before the 2008 financial crisis. The ‘American dream’ was to provide everyone with their own home. Similarly, poorer...
November 27th, 2018 | Banking, Comment, Finance, Markets, Reports | Read More

We can only deduce that the BCI and by default the BDI is totally disingenuous….

We can only deduce that the BCI and by default the BDI is totally disingenuous….
John Faraclas The BDI (Baltic Dry Index) skyrocketed at 1,217 – a 124 points plus due to the Capes’ take-off. Geopolitics as we have warned you in writing – as always are at the worse ever point with dangerous development expected to take place soon. It was a very difficult but equally interesting...
November 26th, 2018 | Chartering, Comment, Dry Bulkcarriers, Insight, Markets, Reports, Shipping Indices, Trade and Commerce | Read More

The Oinoussians back to their …London roots…

The Oinoussians back to their …London roots…
A full house at the Nine Kings Suite Following last year’s 75th anniversary of the Oinoussai Benevolent Fund and its Oinoussian Ball at the historic Tower of London – whose battlements were adorned with the OBF logo sending the message from Father Thames to the rest of Planet Ocean, this year’s...
November 26th, 2018 | Anniversaries, Charity, Events, Maritime Education and Training, People and Places, Social Columns | Read More

Hot Port News from GAC

Hot Port News from GAC
26-Nov-2018 MARINE WORKS AT JUNK BAY Hong Kong Marine works at Junk Bay Monday, November 26, 2018, Hong Kong For approximately 12 months, marine works involving construction of temporary working platforms for site investigation and bore pile works will be carried out within the area bounded by straight...
November 26th, 2018 | Construction, Port Conditions, Ports & Terminals | Read More

Diana reports financial results for Q3 and Nine Months rnded September 30, 2018

Diana reports financial results for Q3 and Nine Months rnded September 30, 2018
Diana Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2018 ATHENS, GREECE, November 26, 2018 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today reported net income...
November 26th, 2018 | Accountancy, Dry Bulkcarriers, Markets, News, Reports, Shipmanagement, Statistics, Stock Markets | Read More

Supplying Antarctica: Trans Global Projects delivers logistics for the most remote construction site in the world

Supplying Antarctica: Trans Global Projects delivers logistics for the most remote construction site in the world
TGP delivers equipment to the most remote construction site in the world Teesside, UK/Rothera Point, Antarctica, 26 November 2018: For the Trans Global Projects Group (TGP), no location is too remote. But while the UK-based international project logistics specialist has handled numerous projects in some...
November 26th, 2018 | Construction, Logistics | Read More

Global project launched to protect marine biodiversity

Global project launched to protect marine biodiversity
GloFouling A new international effort to combat the negative environmental impacts of the transfer of aquatic species through ships has been launched this week. The GloFouling Partnerships project – a collaboration between the Global Environment Facility (GEF), the United Nations Development Programme...
November 26th, 2018 | Environment, IMO, Oceanology, Organisations, Pollution | Read More

LNG carrier Pskov completes first open water STS transfer for Yamal LNG

LNG carrier Pskov completes first open water STS transfer for Yamal LNG
From the STS operation with the Pskov (at the front)  and Vladimir Rusanov On 24 November 2018, the LNG carrier Pskov successfully completed the first LNG ship-to-ship transfer operation for the Yamal LNG Project. Pskov loaded some 170,000 cubic meters of liquefied gas, which was delivered from...
November 26th, 2018 | Arctic Shipping, LNG | Read More

Daily Overview of Global Markets & the SEE Region (Monday, November 26, 2018)

Daily Overview of Global Markets & the SEE Region (Monday, November 26, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Although Wall Street dropped in the post-Thanksgiving Friday’s session on the back of an energy sector plunge, most global equity markets traded higher on Monday, while oil prices are showing signs of stabilization around levels of...
November 26th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

ECB must address QE misallocation risk, Adapting to changing US-China relations

ECB must address QE misallocation risk, Adapting to changing US-China relations
.. Commentary: ECB must address QE misallocation risk By Frank Westermann in Osnabrück By the end of this year, the European Central Bank is expected to end its monthly net asset purchases. This raises several questions about the ECB’s reinvestment strategy and the implications for individual...
November 26th, 2018 | Banking, Comment, Events, Conferences,Forums and Symposiums, Finance, Markets, Reports, Trade and Commerce | Read More

Future Trends Influencing Intra-Commonwealth Trade

Future Trends Influencing Intra-Commonwealth Trade
Future Trends Influencing Intra-Commonwealth Trade   takes place at 2:00-5:00 pm, on the 30th of  November 2018 at the Delegates Lounge, Marlborough House, Commonwealth Secretariat, in London Not only a great but an interesting Agenda Agenda 2:00 – 2:30pm REGISTRATION 2:30 – 3:30pm...
November 25th, 2018 | Events, Conferences,Forums and Symposiums, Trade and Commerce | Read More

Hot Port News from GAC

Hot Port News from GAC
24-Nov-2018 WORLD HOLIDAYS: 25 NOVEMBER-8 DECEMBER 2018 Worldwide World Holidays: 25 November-8 December 2018 Saturday, November 24, 2018, Worldwide Public holidays around the world in the coming two weeks include the following: 30 Nov (Fri) – St Andrew’s Day (Scotland) 6 Dec (Thu) – Finland Independence...
November 24th, 2018 | Anniversaries, Holidays, Religion | Read More

2020: Shipowners have a cause to be awake at night!

2020: Shipowners have a cause to be awake at night!
Unni Einemo introduces the panel IBIA’s 2018 Annual Convention in Copenhagen will remain for a multiple of reasons in the hearts and minds of all present as well as those reading various reports in the media for ever. It was one of the most timely events over the last 25 years! John Faraclas writes: John...
November 24th, 2018 | Bunkering, Conferences, Seminars, Forums, Events, Shipmanagement | Read More

… one size doesn’t fit all as crazy Capes are up “again”…

… one size doesn’t fit all as crazy Capes are up “again”…
John Faraclas … one size doesn’t fit all as crazy Capes are up “again”… In continuation of yesterday’s title – Capes “fight” back to keep the pace, but…” we feel obliged to remind you that one size not only doesn’t fits all but more importantly same doesn’t constitute a market....
November 23rd, 2018 | Arctic Shipping, Banking, Chartering, Environment, Events, Conferences,Forums and Symposiums, Headlines, Insight, Markets, Military, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Hot Port News from GAC

Hot Port News from GAC
23-Nov-2018 TWO NEW BERTHS AT COSCO-PSA TERMINAL Singapore NEW LNG FACILITY OPENED Darwin, Australia Two new berths at COSCO-PSA Terminal Friday, November 23, 2018, Singapore COSCO SHIPPING Ports Limited and PSA Corporation Limited [have] signed a memorandum of understanding today for the addition of...
November 23rd, 2018 | Port Conditions, Ports & Terminals | Read More

Lord Chris Holmes & AIG’s Duperreault join Bermuda industry events in London

Lord Chris Holmes & AIG’s Duperreault join Bermuda industry events in London
Fireside chat guests with Bermuda’s Premier at next week’s industry events in London: Lord (Chris) Holmes of Richmond MBE and American International Group President & CEO Brian Duperreault Hamilton, Bermuda, November 23, 2018 – The UK’s Chris Holmes, Lord of Richmond MBE,...
November 23rd, 2018 | Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Marine Insurance, Markets, Trade and Commerce | Read More

Feadship selects MB92 Group as part of new services network

Feadship selects MB92 Group as part of new services network
.. As announced recently at the Superyacht Forum in Amsterdam, the MB92 Group has been chosen to form part of Feadship’s new Services Network. Alongside Amico & Co, Monaco Marine and Rybovich, the MB92 Group will be exclusive providers of Feadship-approved and certified maintenance, repair and...
November 23rd, 2018 | Events, Conferences,Forums and Symposiums, Ship Conversions, Shipbuilding and Shipyards, Shiprepair, Yachting | Read More

Stealthgas Inc., reports Q3 2018 financial and operating results

Stealthgas Inc., reports Q3 2018 financial and operating results
Harry Vafias ATHENS, GREECE, November 23, 2018. STEALTHGAS INC. (NASDAQ: GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today its unaudited financial and operating results for the third quarter and nine months...
November 23rd, 2018 | Accountancy, Company Profiles, LPG, Markets, Reports | Read More

Diana Containerships Inc. reports financial results for the Third Quarter and Nine Months ended September 30, 2018

Diana Containerships Inc. reports financial results for the Third Quarter and Nine Months ended September 30, 2018
.. ATHENS, GREECE, November 23, 2018 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today reported a net loss of $6.3 million for the third quarter of 2018, compared to a net loss of $8.7 million for the same...
November 23rd, 2018 | Accountancy, Company Profiles, Container shipping, Containers, Markets, Reports, Statistics, Stock Markets | Read More

Marine interests in Jamaica set to benefit from updated hydrographic information

Marine interests in Jamaica set to benefit from updated hydrographic information
Attendees at the UKHO workshop in Kingston Jamaica has begun upon updating hydrographic charts in key maritime developmental areas to improve coastal navigation, marine infrastructure works and other maritime activities, with assistance from the UK Government. United Kingdom Hydrographic Office (UKHO)...
November 23rd, 2018 | Associations, Events, Conferences,Forums and Symposiums, Flags | Read More

North P&I Club directors announce No Premium Increase for 2019

North P&I Club directors announce No Premium Increase for 2019
Pratap Shirke November 23, 2018 – The Directors of the North P&I Club have decided, for the third year in succession, not to declare a premium increase for both protection and indemnity (P&I) cover and freight demurrage and defence (FD&D) cover at the February 2019 renewal, reflecting...
November 23rd, 2018 | Marine Insurance, P and I Clubs | Read More

IMO Council agreed to renew the appointment of Kitack Lim as Secretary-General of the IMO for a second four-year term

IMO Council agreed to renew the appointment of Kitack Lim as Secretary-General of the IMO for a second four-year term
IMO’s Secretary-General Kitack Lim The IMO Council has agreed to renew the appointment of Kitack Lim as Secretary-General of the IMO for a second four-year term, beginning 1 January 2020, subject to the approval of the IMO Assembly in December 2019. ___ www.allaboutshipping.co.uk congatulates and...
November 23rd, 2018 | IMO, News, Organisations, Person Profiles, Shipping Centers, Story of the Day, UN | Read More

Luminultra concludes aqua-tools acquisition

Luminultra concludes aqua-tools acquisition
LuminUltra President and CEO Pat Whalen (right) and aqua-tools’ CEO Marc Raymond conclude the deal LuminUltra, the Canada-headquartered specialist in microbiological monitoring tools, has completed its acquisition of the Rapid Microbial Solutions (RMS) division of France-based aqua-tools. The acquisition,...
November 23rd, 2018 | Company Profiles, Environment, Health and Safety | Read More

ABB extends its service network in Zhoushan, China

ABB extends its service network in Zhoushan, China
Opening of the new branch office of ABB Jiangjin Turbo Systems Co., Ltd. in Zhoushan, China To continue to provide customers across the globe with greater access to ABB’s high-quality service and parts, ABB Turbocharging has announced the establishment of a branch office of ABB Jiangjin Turbo Systems...
November 23rd, 2018 | Company Profiles, Marine Equipment Products and Services, Technical, Technology | Read More