Archive for March, 2019

Next financial crisis may eclipse 2008, OMFIF-British Chamber of Commerce Singapore meeting

Commentary: Next financial crisis may eclipse 2008 By Desmond Lachman in Washington It is difficult to forecast when the next global economic recession will happen. It is much easier to predict its severity. Among the more disturbing vulnerabilities of the global economy is the large amount of debt spawned...
March 21st, 2019 | Markets | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, 20 March, 2019)

Daily Overview of Global Markets & the SEE Region (Wednesday, 20 March, 2019)
 HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS:  Awaiting the conclusion of the Fed’s monetary policy meeting, European bourses opened lower today on appetite for some profit taking following yesterday’s hefty gains. Headlines suggesting that a final trade agreement between...
March 20th, 2019 | Markets, Reports, Statistics, Stock Markets | Read More

Trump must ‘get real on trade’, In conversation with Nellie Liang

Trump must ‘get real on trade’, In conversation with Nellie Liang
US President Donald Trump mentary: Trump must ‘get real on trade’ By Steve Hanke in Baltimore The US trade deficit is not made by foreigners who engage in unfair trade practices; it is homegrown. To the extent that domestic savings in the US fall short of domestic investments, the economy...
March 20th, 2019 | News, Trade and Commerce | Read More

Hot Port News from GAC

Hot Port News from GAC
19-Mar-2019 MARINE WORKS FOR CONSTRUCTION OF THREE-RUNWAY SYSTEM NORTH OF AIRPORT Hong Kong MARINE WORKS AT NORTH POINT Hong Kong PORTS MONITORING TROPICAL LOW Dampier & Port Hedland, Australia Marine works for construction of three-runway system north of airport Tuesday, March 19, 2019, Hong Kong For...
March 19th, 2019 | Port Conditions, Ports & Terminals | Read More

Award for latest generation CCS at Marseille Fos

From the awards ceremony  Award for latest generation CCS at Marseille Fos Cargo Community System (CCS) provider MGI and the Marseille Fos port authority have won the Digital Transformation Awards logistics category in recognition of the new generation system Ci5.  The award, from French magazine Solutions...
March 19th, 2019 | Awards, Company Profiles, Person Profiles, Ports & Terminals | Read More

800 technology leaders to discuss digitalization of asset-intensive industries

800 technology leaders to discuss digitalization of asset-intensive industries
800 technology leaders to discuss digitalization of asset-intensive industries 18th March 2019, Oslo – For the second time, Ignite, a technology conference for asset-intensive industries, will gather 800 technology and industry leaders between 12-13 June 2019 in Oslo, Norway. Ignite is hosted...
March 18th, 2019 | Events, Conferences,Forums and Symposiums, Technology | Read More

Panama Maritime makes a big splash…

Panama Maritime makes a big splash…
.. Panama Maritime makes a big splash… Panama Maritime makes a big splash north and south in the Atlantic and Pacific Oceans with a spectacular kick start at the Megapolis Convention Centre with over 400 delegates, speakers, guests and shipping dignitaries from all over Planet Ocean. A great opening...
March 18th, 2019 | Conferences, Seminars, Forums, Events, Exhibitions, News, Story of the Month | Read More

Hot Port News from GAC

Hot Port News from GAC
16-Mar-2019 WORLD HOLIDAYS: 17-30 MARCH 2019 Worldwide World Holidays: 17-30 March 2019 Saturday, March 16, 2019, Worldwide Public holidays around the world in the coming two weeks include the following: 17 Mar (Sun) – St Patrick’s Day (Ireland 21 Mar (Sun) – Holi (India) 21 Mar (Sun) – Nauryz...
March 16th, 2019 | Anniversaries, Holidays, Port Conditions, Ports & Terminals | Read More

Desmond Lachman on Brexit, David Marsh on ECB pressures, and more

Desmond Lachman on Brexit, David Marsh on ECB pressures, and more
Desmond Lachman on Brexit, David Marsh on ECB pressures, and more 11-15 March 2019 Vol.10 Ed.11 COMMENTARY Missing out on monetary normalisation The European Central Bank’s postponement of its first post-financial crisis interest rate increases exposes it to pressures which will weigh on the bank’s...
March 16th, 2019 | Banking, Comment, Conferences, Seminars, Forums, Finance, Markets, News, Reports | Read More

The BDI@730; an uplift (?) amid mega geopolitical mayhem…

The BDI@730; an uplift (?) amid mega geopolitical mayhem…
John Faraclas The BDI@730; an uplift (?) amid mega geopolitical mayhem… What a week that was, eh! The BDI (Baltic Dry Index) gained 53 points earlier on today and 81 since last week’s 649! Geopolitics with the BREXIT saga enigmatically perplexed,  as well as with the unprecedented bankruptcy of...
March 15th, 2019 | Canals, Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Exhibitions, Markets, Military, News, Piracy and Terrorism, Reports, Safety and Security, Shipping Indices, Tankers | Read More

Lessons from Manila set to steer Interferry safety bid in developing nations

Lessons from Manila set to steer Interferry safety bid in developing nations
Johan Roos Lessons from Manila set to steer Interferry safety bid in developing nations A four-man team from global trade association Interferry will be in Manila from March 18-22 in the first stage of a project to study significant safety improvements in Philippines ferry operations and produce a ‘lessons...
March 15th, 2019 | Associations, Cruise Ferry, Ports & Terminals, Ro-Ro and Passenger Ferries | Read More

American P&I Club: Circular no. 08/19 – Pre-employment medical (PEME) Program

American P&I Club: Circular no. 08/19 – Pre-employment medical (PEME) Program
Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club From the American P & I Club:  MARCH 15, 2019   CIRCULAR NO. 08/19   TO MEMBERS OF THE ASSOCIATION   Dear Member:   PRE-EMPLOYMENT MEDICAL EXAMINATION (PEME) PROGRAM: CHANGE TO THE EXAMINATION FORM...
March 15th, 2019 | Health and Safety, Marine Insurance, Medical, News, P and I Clubs, Safety and Security | Read More

Hot Port News from GAC

Hot Port News from GAC
15-Mar-2019 DOCK WORKERS VOTE TO STRIKE Sydney, Melbourne, Brisbane & Fremantle, Australia REPORTING PROCEDURES FOR SHIPS TRANSITING WESTERN SINGAPORE PORT LIMITS Singapore REPAIR WORKS FOR DOLPHINS IN SHAU KEI WAN TYPHOON SHELTER Hong Kong SEAWALL REINSTATEMENT WORKS AT TSEUNG KWAN O Hong Kong ...
March 15th, 2019 | Earthquakes, Tsunamis, Cyclones and Typhoons, Port Conditions, Ports & Terminals, Strikes, Weather | Read More

PAO Sovcomflot: 2018 Results Announcement

PAO Sovcomflot: 2018 Results Announcement
Sergey Frank President & CEO of Sovcomflot Consistent growth in SCF’s offshore and gas revenues 15 March 2019, Moscow: PAO Sovcomflot (SCF Group), one of the world leaders in energy shipping and marine services for offshore oil and gas upstream projects, has today reported its results for the...
March 15th, 2019 | Accountancy, Company Profiles, Markets, Shipmanagement, Statistics | Read More

Daily Overview of Global Markets & the SEE Region (Friday, 15 March 2019)

Daily Overview of Global Markets & the SEE Region (Friday, 15 March 2019)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: European equity markets opened mixed earlier today with no clear direction, amid trade talk uncertainty. Although some reports conveyed that the US and China have made further substantial progress on trade negotiations, a summit between...
March 15th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

London International Shipping Week • Latest news

London International Shipping Week • Latest news
The Square Mile Industry support for LISW19 goes from strength to strength Six months before the start of this year’s London International Shipping Week, the number of official sponsors, supporting organisations and media partners looks set to smash all previous records, underlining the importance...
March 15th, 2019 | Conferences, Seminars, Forums | Read More

The BDI@677 and BREXIT continues to make waves…

The BDI@677 and BREXIT continues to make waves…
John Faraclas The BDI@677 and BREXIT continues to make waves… The BDI (Baltic Dry Index) gained 23 points and at 677 looks certain of surpassing the 700… Geopolitics on a turning point with BREXIT – primarily and other issues in need of attention. John Faraclas’ brief recap: The Capes’...
March 14th, 2019 | Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Statistics, Stock Markets | Read More

Hot Port News from GAC

Hot Port News from GAC
14-Mar-2019 MOODY’S UPGRADES CANAL’S LONG-TERM RATING Panama Canal, Panama TRAFFIC SUSPENSION Dardanelles, Turkey Moody’s upgrades Canal’s long-term rating Thursday, March 14, 2019, Panama Canal, Panama Moody’s Investors Service upgraded the 20-year $450 million Senior Unsecured...
March 14th, 2019 | Anniversaries, Canals, Inland Waterways, Markets, Port Conditions, Ports & Terminals | Read More

The BDI@654: slow recovery, more jeopardy or what…

The BDI@654: slow recovery, more jeopardy or what…
John Faraclas The BDI@654: slow recovery, more jeopardy or what… The BDI (Baltic Dry Index) ended up seven points; the Geopolitics are totally governed by what’s the aftermath in a BREXIT scene… John Faraclas’ brief midweek recap: The Capes “are back”; the BCI was up 49 points surpassing...
March 13th, 2019 | Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Tankers | Read More

BREXIT: The Ides of March?

BREXIT: The Ides of March?
  .. BREXIT: The Ides of March? Following our last night’s on BREXIT, we had once again a very perplexed result at the House of Commons today and we are now faced with an unprecedented continuation of a Byzantine style scenario on the BREXIT saga. With a 321 to 278 score MPs have rejected the...
March 13th, 2019 | European Union, Organisations, Politics and Government, Trade and Commerce | Read More

Hot Port news from GAC

Hot Port news from GAC
13-Mar-2019 ESTABLISHMENT OF A RESTRICTED AREA OFF CENTRAL AND WESTERN DISTRICT PROMENADE Hong Kong MAXIMUM AUTHORIZED DRAFT FOR NEOPANAMAX LOCKS (4TH UPDATE) Panama Canal, Panama Establishment of a Restricted Area off Central and Western District Promenade Wednesday, March 13, 2019, Hong Kong A restricted...
March 13th, 2019 | Canals, Port Conditions, Ports & Terminals | Read More

Training against cyber-attack in the maritime sector

Training against cyber-attack in the maritime sector
The Institute of Marine Engineering, Science & Technology (IMarEST)’s MLA College, together with the University of Sunderland and Stapleton International, has developed an online Maritime Cyber Risk Awareness Course to help address an industry-wide lack of preparedness against digital threats Modern...
March 13th, 2019 | Communication, Corruption, Events, Conferences,Forums and Symposiums, IMarEST, IT and Communications, Maritime Education and Training, Maritime Fraud, Safety and Security | Read More

Former SKANReg leader to retire as new head plans for growth

Former SKANReg leader to retire as new head plans for growth
Nigel Smith Former SKANReg leader to retire as new head plans for growth Nigel Smith, inaugural International Registrar of the London-headquartered St Kitts & Nevis International Ship Registry (SKANReg), is retiring in May after 47 years in the shipping industry.   Mr Smith, 62, is a former seagoing...
March 13th, 2019 | Flags, News, Person Profiles | Read More

Diana Shipping Inc. Announces the Filing of its 2018 Annual Report on Form 20-F

Diana Shipping Inc. Announces the Filing of its 2018 Annual Report on Form 20-F
DIANA SHIPPING INC. ANNOUNCES THE FILING OF ITS 2018 ANNUAL REPORT ON FORM 20-F  ATHENS, GREECE, March 13, 2019 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that on March 12, 2019 it filed its 2018...
March 13th, 2019 | Company Profiles, Dry Bulkcarriers, News, Reports, Statistics, Stock Markets | Read More

GAC wins PETRONAS Caspian Sea contracts

GAC wins PETRONAS Caspian Sea contracts
GAC wins PETRONAS Caspian Sea contracts Marine support for drilling and development of new Towing operation jack up rig Saturn by AHTS Soltan Caspian Sea, Turkmenistan, 13 March 2019 –  GAC Marine S.A. branch in Turkmenistan (GAC Marine) has been awarded two contracts by PETRONAS Carigali (Turkmenistan)...
March 13th, 2019 | Energy, Oil Industry, Oil Platforms and Rigs | Read More