Archive for the ‘Markets’ Category
Evergreen Launches East Black Sea Service (EBS)
June 18 - Evergreen Line is pleased to announce the launch of its new East Black Sea (EBS) service, aimed at improving the line’s service coverage in the region, particularly to/from the port of Poti (Georgia).
Evergreen will operate this new weekly service jointly with United Feeder Services (UFS). ...
June 18th, 2013 | Liner Shipping and Trade | Read More
AET chalks-up 10,000th US Gulf lightering
On 12 June 2013, AET confirmed its leadership position in US Gulf lightering by performing its 10,000th fully serviced lightering operation. Using its own personnel, equipment and lightering support vessel, AET successfully transferred 547,000 bbls of crude oil from Tankers International LLC’s V.K....
June 14th, 2013 | Anniversaries, Oil Industry | Read More
Greece: Seizing the opportunities
…the room bursting to its seams!
On the 5th and 6th of June, the 2nd Greek Investment Forum, co-organized by the Athens Exchange and the American-Hellenic Chamber of Commerce took place in New York’s, Plaza Hotel.
The Investment Forum entitled “Greece: Seizing the Opportunities”” aimed...
June 14th, 2013 | Conferences, Seminars, Forums, Stock Markets | Read More
Nicaraguan assembly OKs $40 billion Chinese canal to rival Panama’s
MANAGUA (Reuters) – Nicaraguan lawmakers granted a 50-year concession to a Chinese companyon Thursday for it to design, build and manage a shipping channel across the Central American nation that would compete with the Panama Canal.
The $40 billion proposal by HK Nicaragua Canal Development Investment...
June 14th, 2013 | Canals, Markets | Read More
Shipping confidence reaches highest level for two and a half years
Richard Greiner
Overall confidence levels in the shipping industry rose to their highest level for two and a half years in the three months ended May 2013, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The survey produced evidence...
June 14th, 2013 | Consumers Market, Markets, News, Trade and Commerce | Read More
Diana Shipping Inc., announces delivery of the Capesize dry bulk carrier m/v Baltimore
ATHENS, GREECE, June 13, 2013 – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that the Company, through a separate wholly-owned subsidiary, took delivery of the m/v “Baltimore” (formerly “Tamou”),...
June 13th, 2013 | Chartering, Fixtures, Markets, Sales and Purchases | Read More
Shipping Industry’s Beach Dumping of Toxic Ships Revealed in New Online Database
Chittangong scapr yard – photo by Maro Kouri
Brussels, 13 June 2013 - The NGO Shipbreaking Platform today launches a data-driven website which lists all the ships that have been sent for breaking on the beaches of South Asia since 2009. On the website, more than 1,000 shipping companies that...
June 13th, 2013 | IT and Communications, Markets, Press ans Media, Ship Demolitions | Read More
Cargill expands use of CargoDocs eB/Ls for agricultural cargoes from South America to Europe
Geneva, Switzerland & Valetta, Malta. 13 June 2013. Cargill has expanded its operational use of CargoDocs, an electronic bill of lading solution (eB/Ls), to include agricultural shipments from South America. Electronic Shipping Solutions (ESS), the leading provider of shipping and trade...
June 13th, 2013 | Markets | Read More
Korean Register signs MoU with Dongkuk Steel to implement strategic technology exchange
This week (11 June 2013) in Seoul, the Korean Register – an IACS member class society – signed an MoU with global steel producer Dongkuk Steel. This industry leading agreement paves the way for the two organizations to cooperate on the exchange of strategic technology relevant to the construction...
June 13th, 2013 | Classification Societies, Trade and Commerce | Read More
Changes to the composition of the OBX Index from 21 June
13/06/2013 - Oslo Børs has performed the semi-annually revision of the composition of the OBX Index, which consist of the 25 most traded shares at Oslo Børs. From 21 June 2013 Polarcus (PLCS) will be added to the index, while Songa Offshore (SONG) is removed.
The OBX Index normally consists of the...
June 13th, 2013 | Stock Markets | Read More
Oslo Børs to list derivatives on Norwegian
13/06/2013 - Oslo Børs expands its derivatives offer and from Monday 17 June options, forwards and futures will be listed on Norwegian Air Shuttle ASA (NAS) as the underlying share.
- Norwegian is a share with good liquidity and the possibility to trade derivatives on this share has been in demand...
June 13th, 2013 | Stock Markets | Read More
Performance lists flags and recognized organizations
Richard W.J. Schiferli, the Paris MoU Secretary General
New targeting lists Paris MoU
At its 46th meeting last month, the Paris MoU Committee approved the 2012 inspection results and adopted new performance lists for flags and Recognized Organizations. These lists will take effect from 1 July 2013.
The...
June 13th, 2013 | Classification Societies, Flags, IMO, News, Politics and Government, Regulatory, Statistics | Read More
Tanker Shipping – crude oil tankers in the mixed zone
The “Wappen von Hamburg”
TANKER SHIPPING – CRUDE OIL TANKERS IN THE MIXED ZONE
Demand:
Oil demand growth is driven almost exclusively by the Asia/Pacific region, which is set to consume another 500,000 barrels a day on top of the 1 million barrels per day increase in 2012. Changing...
June 13th, 2013 | BIMCO, Markets, News, Statistics | Read More
Baltic Exchange issues additional guidance to reporting panels
The Baltic Exchange
The Baltic Exchange has today (12 June 2013) provided its shipbroker panel members with further guidance on the way in which they assess the capesize market.
The move has followed extensive market consultation and reflects the need for greater precision on the slow steaming characteristics...
June 12th, 2013 | Chartering, Markets, Sales and Purchases, Ship Demolitions | Read More
Asian directors under scrutiny
Singapore Financial Centre – picture credits: S. Venardos
Asian directors under scrutiny (source: Lloyd’s of London)
Wed 12 Jun 2013 - Directors & officers (D&O) liability in Asia is changing as a result of globalisation and changing regulations.
Companies in Asia are becoming more...
June 12th, 2013 | Markets, News, Trade and Commerce | Read More
Baltic data services underpin strong 2012/13 result
The Baltic Exchange
Use of the Baltic Exchange’s freight market information and its disputes resolution services has shown a marked increase over the past 12 months as more companies from outside the UK join the London headquartered shipping exchange.
The Baltic Exchange has today (12 June...
June 12th, 2013 | Chartering, Fixtures, Markets, News, Sales and Purchases, Ship Demolitions, Ship Finance, Shipping Indices, Statistics, Stock Markets, Trade and Commerce | Read More
Seaview Shipbroking Joint Venture with Galbraith’s
Pleased to announce to all our viewers that Seaview shipbroking, the shipbroking arm of
Seaview group, has formed a Joint Venture company with Galbraith’s Ltd.
The new company was formed following 18 months of discussions between the two tanker departments who together have recognised the synergies...
June 11th, 2013 | Chartering, Company Profiles, Sales and Purchases, Story of the Day | Read More
Jason Shipping to be delisted from Oslo Børs
10/06/2013 - Jason Shipping ASA will be delisted from Oslo Børs. The last day of listing will be Friday 9 August 2013.
Oslo Børs has received an application from Jason Shipping ASA for delisting of the company’s shares. Pursuant to Continuing Obligations section 15.1 (4) cf. the Stock Exchange...
June 10th, 2013 | Stock Markets | Read More
NLI unveils concept for large volume LNG Bunker Barge
High-Tech LNG Bunker Barge – HTB
Design study developed by NLI Solutions, Rolls-Royce and Wilhelmsen Technical Solutions.
Oslo June 10, 2013. Offshore oil and gas engineering specialist NLI Solutions (NLI) has developed a concept for a LNG Bunker Barge* based on the NLI LNG tank design....
June 10th, 2013 | Alternative Sources of Energy, LNG, News | Read More
Guidance on DP positioning Jack-ups and usse of dumb barges for offshore sector renewables sector from IMCA
Jane Bugler
An increasing number of members of the International Marine Contractors Association (IMCA) are involved with the offshore renewables sector and for this reason the association has published ‘Guidance for the Positioning of Dynamically Positioned (DP) Jack-up Vessels on and off the Seabed”...
June 10th, 2013 | Energy, Oceanology, Oil Industry, Oil Platforms and Rigs | Read More
An explosion in Turkey will be devastating…*
Without prejudice
…clouds over the Straits of Bosporus, with its famous bridge linking Europe and Asia. Photo credit Anny Zade
An explosion in Turkey will be devastating…* By John Faraclas
The Americans have an interesting expression which refers to “new kids on the block”** and this matches...
June 9th, 2013 | Breaking News, Canals, Country Profiles, Energy, Environment, European Union, Holidays, ITF, Marinas, Marine Insurance, Markets, Mediterranean Shipping, Military, Ocean Shipping, Organisations, People and Places, Politics and Government, Port Conditions, Ports & Terminals, Shipbuilding and Shipyards, Stock Markets, Story of the Month, Tourism, Trade and Commerce, UN, Yachting | Read More
4th annual Mediterranean Oil & Gas Conference 12 – 13 June 2013
Oil and Gas have never been more topical in the Caspian and Mediterranean Seas. The oil majors have taken centre-stage as a result of new hydrocarbon discoveries and the upcoming development of a huge gas infrastructure that will bring the Azerbaijani gas to the heart of Europe. There is a symbiotic...
June 9th, 2013 | Conferences, Seminars, Forums, Energy, Oil Industry, Oil Platforms and Rigs | Read More
Recent developments in R&D for Hydrocarbons in Greece
The Hellenic Institute of Hydrocarbons (HELLINY – www.elliny.gr), following the recent developments concerning the exploration and production (E&P) of hydrocarbons (HC) in Greece, namely: (a) the call for tenders for hydrocarbons exploration and development in three areas in Western Greece...
June 8th, 2013 | Breaking News, Energy, Oil Industry, Oil Platforms and Rigs | Read More
Oslo Børs to undertake NIBOR fixing
07/06/2013 – Finance Norway wants Oslo Børs to be in charge of the calculation of the Norwegian Interbank Offered Rate, NIBOR. Oslo Børs will also undertake the supervision of the filing of interest rates from the banks that constitute the base for the calculation of the interbank rate. Through...
June 7th, 2013 | Banking, News, Stock Markets | Read More
Global Dry Bulk Shipping Industry Report: 2013 Edition
One of the most important features of growth in world economies in recent years is the dry bulk shipping market, which constitutes the backbone of international trade. Dry bulk shipping vessels carry iron ore, coal, grains, or other dry materials around the world. The global shipping industry went through...
June 6th, 2013 | Books, Statistics, Trade and Commerce | Read More
