Archive for January, 2019

The BDI@668; come hell or high water…

The BDI@668; come hell or high water…
John Faraclas The BDI (Baltic Dry Index) lost another 53 points today as well as the 700 points threshold; the Wets suffered too in a red day for all. Geopolitics as always enigmatic and perplexed and we are sending a warning, a red alert as things might get off hand; an economic war is far worse than...
January 31st, 2019 | Art and auctions, Chartering, Comment, Exhibitions, Insight, Markets, News, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Maritime charity calls on people to send well wishes to sick seafarer

Maritime charity calls on people to send well wishes to sick seafarer
Sailors’ Society port chaplain Steve Loader recently visited Mohammed A maritime charity which is supporting a sick seafarer in Torbay Hospital is calling on people to send him their well wishes. Indonesian Mohammed Rosuli was hospitalised on Friday (25 January) after complications from an operation...
January 31st, 2019 | Charity, Health and Safety, Manning - Seafarers and Offshore | Read More

Hot Port News from GAC

Hot Port News from GAC
31–Jan-2019 NAVIGATIONAL WARNING DUE TO FIREWORKS DISPLAY Hong Kong MARINE WORKS TO THE SOUTH-EAST OF THE HONG KONG INTERNATIONAL AIRPORT Hong Kong DREDGING OPERATIONS AT THE BLACK POINT POWER STATION Hong Kong RECLAMATION TO THE SOUTHWEST OF SHEK KWU CHAU Hong Kong ESTABLISHMENT OF SILT CURTAIN...
January 31st, 2019 | Port Conditions, Ports & Terminals | Read More

Cargo liquefaction continues to be a major risk for dry bulk shipping

INTERCARGO welcomes the latest amendment to the International Maritime Solid Bulk Cargoes Code (IMSBC 04-17) which entered into force on 1st January 2019 and includes important updates related to cargoes that may liquefy. Pertinent updates include: changes to section 4.5 of the Code which stipulates...
January 31st, 2019 | Associations, Intercargo | Read More

Turkey ratifies ship recycling convention

Turkey ratifies ship recycling convention
Turkey, one of the five major ship recycling countries in the world, has ratified the IMO Hong Kong Convention, the treaty for safe and environmentally sound ship recycling. The Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009, covers the design, construction,...
January 31st, 2019 | Ship Demolitions | Read More

HELMEPA cuts its traditional “Pita”

HELMEPA cuts its traditional “Pita”
HELMEPA’s Chairman, Dr George Gratsos cuts the traditional “pita” for the New Year In the presence of HELMEPA’s Honorary Members, the Board of Directors, the Chairman of the Ukrainian Marine Environment Protection Association- UKRMEPA, representatives of Moore Stephens Chartered Accountants and...
January 31st, 2019 | Events, Conferences,Forums and Symposiums | Read More

Lukas Kopp joins Natco AG as new Projects Director

Lukas Kopp joins Natco AG as new Projects Director
Lukas Kopp Ruemlang/Zurich, 31 January 2019: Natco AG is bringing Lukas Kopp on board as its new Projects Director, effective 1 February, 2019. Kopp will be based at Natco’s headquarters in Ruemlang near Zurich in Switzerland. Natco AG is an international project logistics expert and part of...
January 31st, 2019 | Company Profiles, Logistics, Person Profiles | Read More

WOC CEO to Keynote First Global Offshore Wind Summit

WOC CEO to Keynote First Global Offshore Wind Summit
Paul Holthus, CEO, World Ocean Council World Forum Offshore Wind (WFO) Launches Flagship Offshore Wind Industry Event with WOC Input on Ocean Industry Leadership, Collaboration and Action 31 January 2019 The World Forum Offshore Wind (WFO) has invited World Ocean Council (WOC) CEO, Paul Holthus, as opening...
January 31st, 2019 | Alternative Sources of Energy, Climate, Emissions, Environment, Oceanology, Pollution | Read More

Join us at Maritime Week Americas • Early Bird tickets available

Join us at Maritime Week Americas • Early Bird tickets available
We’re delighted to announce that Maritime Week Americas is returning to Fort Lauderdale this year, a stones’ throw from Port Everglades, one of the most important cruise, petroleum and container ports in the Americas. MWA is a hugely popular week-long series of events created to bring together...
January 31st, 2019 | Bunkering, Events, Conferences,Forums and Symposiums | Read More

Daily Overview of Global Markets & the SEE Region (Thursday, January 31, 2019)

Daily Overview of Global Markets & the SEE Region (Thursday, January 31, 2019)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: In line with market expectations, the Fed kept the rate for the fud funds target rate unchanged at 2.25-2.50% at this week’s two-day policy meeting which concluded yesterday. However, the tone of the FOMC policy statement and the...
January 31st, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

ClassNK grants AIP to Kawasaki Heavy Industries for their project on an LNG-fuelled 207K DWT bulk carrier design

ClassNK grants AIP to Kawasaki Heavy Industries for their project on an LNG-fuelled 207K DWT bulk carrier design
Tokyo – Leading Classification Society ClassNK granted an Approval in Principle (AIP) based on its Rule Part GF which adopts IGF Code (regulation for ships using low-flashpoint fuels) to Kawasaki Heavy Industries (KHI) for their project on the concept design of an LNG-fuelled 207K DWT bulk carrier. Speaking...
January 31st, 2019 | Bunkering, Classification Societies, LNG, Marine Equipment Products and Services, Technical, Technology | Read More

PM must push Brexiteers against the wall, CCE and normalising monetary policy

PM must push Brexiteers against the wall, CCE and normalising monetary policy
United Kingdom’s PM Theresa May Commentary: PM must push Brexiteers against the wall By Joergen Oerstroem Moeller in Singapore Prime Minister Theresa May’s Brexit deal has been rejected – again – because she is not in control of her party. In the probable case of no meaningful concessions...
January 31st, 2019 | Banking, Comment, Markets | Read More

Midweek blues with the BDI@721…

Midweek blues with the BDI@721…
John Faraclas The entire Market – both Dry and Wet was down today and I guess you must be very affluent this time to avoid even more losses… Let’s see how many can sail through… Geopolitics in total mess affecting the entire shipping industy. John Faraclas’ midweek note: The BDI (Baltic...
January 30th, 2019 | Chartering, Comment, Dry Bulkcarriers, Insight, Markets, Obituaries, Reports, Sanctions, Seizures, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Hot Port News from GAC

Hot Port News from GAC
30-Jan-2019 ALL US GULF PORTS OPEN Gulf ports, United States YACHT RACES BETWEEN HONG KONG AND MACAU Hong Kong All US Gulf ports open Wednesday, January 30, 2019, Gulf ports, United States All US Gulf ports are open after a suspension in Beaumont/Port Arthur due to winds and one-way traffic in Corpus...
January 30th, 2019 | Port Conditions, Ports & Terminals, Sailing, Sports, Yachting | Read More

Speech by Mark Sobel: US international financial diplomacy – past, present, future

Speech by Mark Sobel: US international financial diplomacy – past, present, future
Mark Sobel Speech: ‘US international financial diplomacy – Past, present, future,’ by Mark Sobel, US chairman, OMFIF Published on 30 January 2019 In a speech delivered at an OMFIF roundtable in London, Mark Sobel, former deputy assistant secretary for international monetary and financial policy...
January 30th, 2019 | Conferences, Seminars, Forums | Read More

European shipowners: priority is and remains a Brexit deal

European shipowners: priority is and remains a Brexit deal
Martin Dorsman Following yesterday’s discussions in the UK parliament and the mandate given to the UK Prime Minister to re-discuss Brexit arrangements with her European colleagues, European shipowners call upon all parties to seize this opportunity to avoid a no-deal Brexit scenario. Without a deal...
January 30th, 2019 | Associations | Read More

ITIC e-learning video highlights dangers of switch bills of lading

ITIC e-learning video highlights dangers of switch bills of lading
International Transport Intermediaries Club (ITIC) has produced an e-learning video for ship agents on the use of ‘switch bills of lading’, a second sets of bills used as a substitute for the original bills of lading issued at time of shipment. ITIC legal advisor Mark Brattman says, “There are...
January 30th, 2019 | Associations, Chartering, Marine Insurance, Maritime Education and Training, P and I Clubs | Read More

Capital Ship Management Corp. and Liberty One announce the acquisition of two high specification Container Vessels ‘Asterix’ and ‘Apostolos II’ by their Joint Venture: “Capital Liberty Invest”.

Capital Ship Management Corp. and Liberty One announce the acquisition of two high specification Container Vessels ‘Asterix’ and ‘Apostolos II’ by their Joint Venture: “Capital Liberty Invest”.
The “ASTERIX” Athens, Leer, January 30, 2019. Capital Liberty Invest, the joint venture between Capital Ship Management and Liberty One, recently acquired its first two high specification feeder container vessels which will come under the technical management of Liberty Blue in Leer, Germany.  The...
January 30th, 2019 | Container shipping, Containers, Markets, News | Read More

RMT demands answers as scandal deepens over award of Government Brexit ferry contracts

RMT demands answers as scandal deepens over award of Government Brexit ferry contracts
Mick Cash MARITIME UNION RMT today demanded answers from the Government over the terms and conditions of workers on their Brexit ferry contracts, and the publication of their legal advice on the procurement process, as the Chair of the Transport Select Committee released correspondence that raises serious...
January 30th, 2019 | HR, Jobs, Ro-Ro and Passenger Ferries | Read More

Concept Design and Engineering for World’s first Pure-Electric tanker completed

Concept Design and Engineering for World’s first Pure-Electric tanker completed
… Asahi Tanker Co. Ltd, together with its partner Exeno-Yamamizu Corporation Tokyo, has jointly developed the new domestic shipping tanker design which incorporates “zero emission electric propulsion”. In anticipation of future adaptations to regulatory conformity ClassNK has been appointed...
January 30th, 2019 | Emissions, Environment, Insight, Marine Equipment Products and Services, News, Shipbuilding and Shipyards, Story of the Day, Tankers | Read More

OMFIF Forthcoming meetings

OMFIF Forthcoming meetings
          Forthcoming Meetings Forthcoming meetings Mohamad Akram Laldin Bank Negara Malaysia Innovation and sustainability for Islamic finance roundtable Friday 15 February, 07:45 London At this roundtable, Mohamad Akram Laldin, a member of Bank Negara...
January 30th, 2019 | Events, Conferences,Forums and Symposiums | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, January 30, 2019)

Daily Overview of Global Markets & the SEE Region (Wednesday, January 30, 2019)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Investors adopted a cautious stance against risk assets earlier today ahead of Fed Chair Jerome Powell’s press conference that will follow the conclusion of the two-day monetary policy meeting. In addition, a new round of two-day...
January 30th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Powell should ease US monetary policy, Financial instability series

Powell should ease US monetary policy, Financial instability series
Janet Yellen Commentary: Powell should ease US monetary policy By Desmond Lachman in Washington In 2017, a key monetary policy mistake of the US Federal Reserve under Janet Yellen was to keep monetary policy too loose despite a strong increase in US stock prices. Hopefully Jay Powell does not make that...
January 30th, 2019 | Banking, Comment, Finance, Markets, News | Read More

The Truth: the BDI@797

The Truth: the BDI@797
John Faraclas “ ‘Tis strange- but true; for truth is always strange; Stranger than fiction !” Lord Byron was absolutely right… So here we go with yet another Market total fall; The BDI lost 55 points and things are getting sour but cool; cheer up the worse is yet to come. The geopolitics still...
January 29th, 2019 | Academia, Art and auctions, Charity, Chartering, Clubs, Conferences, Seminars, Forums, Consumers Market, Cruise Industry, Dry Bulkcarriers, Events, Events, Conferences,Forums and Symposiums, Exhibitions, Exhibitions, Fashion, Headlines, Insight, Markets, News, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

RINA Events – Super and Mega Yachts 2019

Design & Construction of Super & Mega Yachts 14-15 May 2019, Genoa, Italy  Call for Papers Deadline – 11th February 2019 Following on the highly successful series of conferences, RINA is pleased to return to Genoa for the seventh edition of its Super and Mega Yachts conference. The...
January 29th, 2019 | Events, Conferences,Forums and Symposiums, RINA (Royal Institution of Naval Architects, Yachting | Read More