Archive for the ‘Sanctions’ Category

Surprise surprise the BDI is on the up…

Surprise surprise the BDI is on the up…
John Faraclas Surprise surprise the BDI is on the up The BDI (Baltic Dry Index) ended up eight point higher since yesterday and now stands at 1,720 points. Geopolitics as usual enigmatically perplexed might produce explosive situations from which Humanity will be greatly affected and conversely Shipping;...
August 8th, 2019 | Bribery and Corruption, Chartering, Comment, Corruption, Environment, Immigration, Insight, Markets, Military, News, Reports, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Joint Statement on Current Situation in the Strait of Hormuz

Joint Statement on Current Situation in the Strait of Hormuz
Guy Platten Joint Statement on Current Situation in the Strait of Hormuz Following the seizure of the oil tanker ‘Stena Impero’ on 19 July, the International Chamber of Shipping (ICS), the European Community Shipowners’ Associations (ECSA) and the Asian Shipowners’ Association (ASA) jointly...
August 1st, 2019 | Associations, Health and Safety, Safety and Security, Sanctions, Seizures | Read More

What a week that was: Turbulent markets and perplexed geopolitics

What a week that was: Turbulent markets and perplexed geopolitics
John Faraclas What a week that was: Turbulent markets and perplexed geopolitics The BDI (Baltic Dry Index) fell ten points earlier on today and now stands at 1,937; it also fell 233 points since last week’s 2,170!!! That was a fall thanks to the Capes’ “performance”! The Geopolitical aspects...
July 26th, 2019 | Chartering, Dry Bulkcarriers, Markets, Military, News, Reports, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

American Club member Alert 23 July 2019

American Club member Alert 23 July 2019
AMERICAN CLUB MEMBER ALERT (July 23, 2019) RE – ENHANCED VIGILANCE RECOMMENDED FOR VESSELS TRANSITING ARABIAN GULF (AG), STRAITS OF HORMUZ (SOH) AND GULF OF OMAN (GOO)  Following incidents of conflict, and the continuing risk of acts of piracy affecting merchant vessels operating in the Red Sea,...
July 23rd, 2019 | P and I Clubs, Piracy and Terrorism, Safety and Security, Sanctions | Read More

The BDI@2,191 approaches …the all time high for 5Y and 7M

The BDI@2,191 approaches …the all time high for 5Y and 7M
John Faraclas The BDI@2,191 approaches …the all time high for 5Y and 7M The BDI is just 56 points apart as of the end of Dec 2013 when the BDI stood at 2,247… Geopolitics being conspicuously “silent” might turn explosive to a degree of no return. John Faraclas’ daily recap: With only 56 points...
July 22nd, 2019 | Bunkering, Chartering, Comment, Conferences, Seminars, Forums, Dry Bulkcarriers, European Union, Markets, Military, News, Piracy and Terrorism, Politics and Government, Reports, Sanctions, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

ECSA pleads for seafarers’ welfare on UK vessel held in the Strait of Hormuz

ECSA pleads for seafarers’ welfare on UK vessel held in the Strait of Hormuz
Martin Dorsman ECSA pleads for seafarers’ welfare on UK vessel held in the Strait of Hormuz At around 16h00 GMT, on 19 July, UK-registered vessel Stena Impero was accosted by unidentified crafts and a helicopter in a transit in international waters through the Strait of Hormuz. Soon after, both...
July 22nd, 2019 | Associations, Health and Safety, Safety and Security, Sanctions, Seizures | Read More

The BDI@1,777 still buoyant with a record

The BDI@1,777 still buoyant with a record
John Faraclas The BDI@1,777 still buoyant with a record The BDI Baltic Dry Index gained half of what achieved yesterday – the 34 points plus and now with the 18 points clinched today stands at 1,777… Geopolitics… err the world is on fire; John Faraclas early recap news: The Capes gained only 18...
July 10th, 2019 | Chartering, Dry Bulkcarriers, Markets, News, Reports, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Tenders | Read More

The BDI@ 1,700 amid a Geopolitical pandemonium…

The BDI@ 1,700 amid a Geopolitical pandemonium…
John Faraclas The BDI@ 1,700 amid a Geopolitical pandemonium… The BDI (Baltic Dry Index) gained 151 points earlier on today. Geopolitics on all five continents are messy and surely Shipping will one way or another be affected. John Faraclas brief daily recap: Having reached the 1,700 points threshold...
July 4th, 2019 | Chartering, Comment, Dry Bulkcarriers, Markets, News, Politics and Government, Reports, Safety and Security, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

A Capes’ market lifting the BDI@1,239

A Capes’ market lifting the BDI@1,239
John Faraclas A Capes’ market lifting the BDI@1,239 The BDI (Baltic Dry Index) gained 45 points earlier on today following a good triple-digit success by the Capes’ 198 and now stands at 1,239 points, over and above the 1,200 threshold. On a weekly basis the BDI was up 154 points – from 1,085 last...
June 21st, 2019 | Markets, Military, News, Reports, Sanctions | Read More

American Club Circular No.15/19 – the United States expands the universe of Iran sanctions targets (SDNs) by targeting the metals sector of Iran

American Club Circular No.15/19  – the United States expands the universe of Iran sanctions targets (SDNs) by targeting the metals sector of Iran
Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club American Club Circular No.15/19  – the United States expands the universe of Iran sanctions targets (SDNs) by targeting the metals sector of Iran  MAY 10, 2019   CIRCULAR NO. 15/19   TO MEMBERS...
May 10th, 2019 | P and I Clubs, Sanctions | Read More

A Capes “dominated” market… amid an imminent geopolitical episode

A Capes “dominated” market… amid an imminent geopolitical episode
John Faraclas Without Prejudice A Capes “dominated” market… amid an imminent geopolitical episode The BDI (Baltic Dry Index) ended up 20 points at 889 amid turbulent Geopolitics in this second pre-Easter week. John Faraclas daily, weekly and fortnight recaps: The BDI was also 99 points better...
April 26th, 2019 | Banking, Chartering, Comment, Dry Bulkcarriers, Energy, Environment, Finance, Insight, Markets, News, Piracy and Terrorism, Religion, Reports, Sanctions, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

The BDI@767: a pre-Easter Market “upturn”?

The BDI@767: a pre-Easter Market “upturn”?
John Faraclas The BDI@767: a pre-Easter Market “upturn”? The BDI (Baltic Dry Index) gained a good 18 points earlier on today and slowly slowly begins to climb up from the very lows of the last two months… The Wets too are trying… Geopolitics look blur but nobody gives the pope attention until...
April 17th, 2019 | Chartering, Comment, Dry Bulkcarriers, Markets, News, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

American Club circular no. 12/19 – US Sanctions on Venezuela: Risks for non-US persons concerning transactions with PDVSA

American Club circular no. 12/19 – US Sanctions on Venezuela: Risks for non-US persons concerning transactions with PDVSA
Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club AMERICAN CLUB CIRCULAR NO. 12/19 – US SANCTIONS ON VENEZUELA: RISKS FOR NON-US PERSONS CONCERNING TRANSACTIONS WITH PDVSA APRIL 12, 2019   CIRCULAR NO. 12/19   TO MEMBERS OF THE ASSOCIATION   Dear...
April 12th, 2019 | Corruption, Marine Insurance, P and I Clubs, Sanctions | Read More

The United States issues updated guidance regarding North Korea’s illicit shipping practices

The United States issues updated guidance regarding North Korea’s illicit shipping practices
The United States issues updated guidance regarding North Korea’s illicit shipping practices At a Glance… On Thursday March 21 2019, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) updated the advisory document it published on February 23 regarding North Korea’s...
March 28th, 2019 | Legal, Sanctions | Read More

American Club circular No. 10/19 – Recent US Government advisories concerning Iran, North Korea and Syria

American Club circular No. 10/19 – Recent US Government advisories  concerning Iran, North Korea and Syria
Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club MARCH 27, 2019, CIRCULAR NO. 10/19 TO MEMBERS OF THE ASSOCIATION Dear Member: RECENT US GOVERNMENT ADVISORIES CONCERNING IRAN, NORTH KOREA AND SYRIA The US government has recently issued the attached advisories in...
March 27th, 2019 | Marine Insurance, P and I Clubs, Sanctions | Read More

The BDI@634; what a week that was… in Geopolitics too!

The BDI@634; what a week that was… in Geopolitics too!
John Faraclas – picture by ecopack77 The BDI@634; what a week that was… in Geopolitics too! The BDI (Baltic Dry Index) ended up earlier on today at 634 points – plus four since yesterday and down five since last Friday the 15th of February 2019 when it stood at 639 points! Geopolitics messy...
February 22nd, 2019 | Markets, Reports, Sanctions, Shipping Indices, Stock Markets | Read More

American Club circular no.. 04/19 – US imposes new sanctions against the government of Venezuela through designation of PdVSA

American Club circular no.. 04/19 – US imposes new sanctions against the government of Venezuela through designation of PdVSA
Joe Hughes AMERICAN CLUB CIRCULAR NO. 04/19 – UNITED STATES IMPOSES NEW SANCTIONS AGAINST THE GOVERNMENT OF VENEZUELA THROUGH DESIGNATION OF PETROLEOS DE VENEZUELA, S.A. (PdVSA)  FEBRUARY 6, 2019   CIRCULAR NO. 04/19   TO MEMBERS OF THE ASSOCIATION   Dear Member:   UNITED STATES IMPOSES...
February 6th, 2019 | Markets, News, Oil Industry, Sanctions | 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

IUA sets out priorities for London Company Market in 2019

IUA sets out priorities for London Company Market in 2019
Dave Matcham The publication of a major official report on the wholesale insurance market is just one of several regulatory issues expected to dominate the International Underwriting Association’s agenda in 2019. The body, which represents the London company market, has issued its annual business plan...
January 28th, 2019 | Associations, Insurance and Reinsurance, IUA, Marine Insurance, Reports, Sanctions | 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

The BDI@1,031: between Scylla and Charybdis…

The BDI@1,031: between Scylla and Charybdis…
John Faraclas The BDI (Baltic Dry Index) clinched another 11 points (same as  yesterday…) but remains down once again on a weekly basis. Geopolitics: between the devil and the deep blue sea… John Faraclas’ daily and weekly recap: The weekly loss of the BDI was 116 points – down from 1,147 recorded...
November 16th, 2018 | Chartering, Dry Bulkcarriers, Fixtures, Markets, News, Reports, Sanctions, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

HFW: Iran sanctions – The English Court steers a course

HFW: Iran sanctions –  The English Court steers a course
Daniel Martin, partner HFW In our previous briefing, we looked at the challenges of complying with EU and US sanctions from 5 November 2018, when further US sanctions are re-imposed, and the need to steer a course between the divergent approaches which are being taken by the EU and the US. The Commercial...
October 19th, 2018 | Legal, Sanctions | 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

HFW Briefing – Iran Sanctions: Steering a course through difficult waters

HFW Briefing – Iran Sanctions: Steering a course through difficult waters
Daniel Martin, partner HFW Iran Sanctions: Steering a course through difficult waters President Trump’s announcement on 8 May 2018 that the US would withdraw from the Joint Comprehensive Plan of Action set the EU and US on divergent paths with respect to Iran. At the same time as the US indicated...
August 31st, 2018 | Legal, News, Sanctions | Read More

Daily Overview of Global Markets & the SEE Region (Friday, August 10, 2018)

Daily Overview of Global Markets & the SEE Region (Friday, August 10, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Global equity markets pulled back on Friday as turmoil in major emerging markets (the plunging Turkish lira, Sino-US trade conflict as well as US sanctions on Russia for election meddling) continued to dampen sentiment. In FX markets,...
August 10th, 2018 | Banking, Finance, Markets, Reports, Sanctions, Shipfinance, Statistics, Stock Markets | Read More