Archive for the ‘Markets’ Category

Flying high: birdlife on Aegean island of Karpathos beckons tourists

Flying high: birdlife on Aegean island of Karpathos beckons tourists
Eleanora’s falcon. Photo Jakob Fric. Flying high: birdlife on Aegean island of Karpathos beckons tourists By James Brewer Blue bays, secluded beaches and white-washed villages might be enough to lure most visitors to the southern Aegean island of Karpathos. Sun and sand-seeking tourists are increasingly...
November 20th, 2018 | Exhibitions, Food and Drink, Holidays, Maritime Tourism, News, Tourism | Read More

LIQUI MOLY sets new sales record

LIQUI MOLY sets new sales record
Ernst_Prost German oil and additives specialist achieves record turnover of € 53.8 million in October November 2018 – LIQUI MOLY rang in the last quarter of the year with a record result. In October, the company booked a turnover of 53.8 million euro. With that, the high reached eleven months...
November 20th, 2018 | Automobiles, Communication, Company Profiles | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, November 20 2018)

Daily Overview of Global Markets & the SEE Region (Tuesday, November 20 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Taking their lead from Wall Street’s losses overnight, global equity markets were under pressure in early trade today weighed down by worries over a slowing global growth momentum, lingering US/China trade tensions, rising borrowing...
November 20th, 2018 | Banking, Finance, Markets, Shipfinance, Statistics, Stock Markets | Read More

The BDI@1,023: still unsustainable amid Geopolitical turmoil

The BDI@1,023: still unsustainable amid Geopolitical turmoil
John Faraclas The BDI (Baltic Dry Index) lost eight points earlier on today with all other dry indices in red… Geopolitics more than crucial given the MIGRANTS, BREXIT, Italy et al… John Faraclas’ daily brief: The Capes’ BCI  lost seven and now stand at 1,050 points… A double digit loss for...
November 19th, 2018 | Chartering, Dry Bulkcarriers, Energy, Markets, Military, News, Oil Industry, Oil Platforms and Rigs, Photography, Piracy and Terrorism, Politics and Government, Reports, Shipping Indices, Statistics, Stock Markets, WISTA - Women in Shipping | Read More

Diana fixes on period capesize m/v Sideris GS with Berge Bulk

Diana fixes on period capesize m/v Sideris GS with Berge Bulk
ATHENS, GREECE, November 19, 2018 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Berge Bulk Shipping...
November 19th, 2018 | Chartering, Dry Bulkcarriers, Fixtures, Markets, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Monday, November 19, 2018)

Daily Overview of Global Markets & the SEE Region (Monday, November 19, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Following President Donald Trump’s upbeat comments on Friday that he may not impose additional tariffs on Chinese imported goods as China offered a list of potential measures in order to resolve trade tensions, the majority of global...
November 19th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Baleària begins retrofitting the Nápoles, the first of six ferries it will switch to LNG

Baleària begins retrofitting the Nápoles, the first of six ferries it will switch to LNG
The ship will reduce its carbon dioxide emissions by more than 9,000 tons a year The shipping company Baleària has begun retrofitting its Nápoles ferry to be powered by liquified natural gas. The ferry arrived at the Gibraltar Gibdock shipyards yesterday where they will modify the engines and install...
November 19th, 2018 | Emissions, Environment, Marine Equipment Products and Services, Pollution, Ro-Ro and Passenger Ferries, Ship Conversions | 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

SCF back in the black in Q3

SCF back in the black in Q3
Sergey Frank President & CEO of Sovcomflot Sovcomflot: Q3/9 months 2018 Results (Third quarter/nine months to 30 September 2018 – unaudited, prepared under IFRS) Sovcomflot (SCF Group), a world leader in energy shipping and offshore services to the oil and gas industries specializing in harsh...
November 16th, 2018 | Accountancy, Markets, News, Reports, Shipmanagement, Tankers | Read More

Daily Overview of Global Markets & the SEE Region (Friday, November 16, 2018)

Daily Overview of Global Markets & the SEE Region (Friday, November 16, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Mounting political uncertainty in the UK and rising fears over a disorderly, hard Brexit keep the GBP under pressure while UK Gilts and German Bunds remain well supported. In protest over the withdrawal agreement, four conservative...
November 16th, 2018 | Markets, Reports, Statistics, Stock Markets | Read More

Renminbi’s global reserve share rising, US midterms podcast

Renminbi’s global reserve share rising, US midterms podcast
Commentary: Renminbi’s global reserve share rising By Gary Smith in London Asset class diversification continues to be a key theme for central bank foreign exchange reserves managers. Despite a weaker renminbi/dollar rate this year, the Chinese currency has increased its share in global reserves,...
November 16th, 2018 | Banking, Comment, Markets | Read More

Capes’ odd rise distorts the Markets

Capes’ odd rise distorts the Markets
  John Faraclas The BDI (Baltic Dry Index) gained 11 points and now reads 1,020 thanks to the odd Capes’ rise. Geopolitics are getting sour with BREXIT becoming a far more than a perplexed play – Tragedy? Comedy? With a bit of Byzantine ..flavour, Italy creating further issues in the EU –...
November 15th, 2018 | Art and auctions, Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Energy, Environment, Events, Fixtures, Markets, Military, People and Places, Photography, Reports, Shipping Indices, Tankers, Trade and Commerce | Read More

Diana fixes panamax bulker “Thetis” on period to Hudson

Diana fixes panamax bulker “Thetis” on period to Hudson
ATHENS, GREECE, November 15, 2018 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hudson Shipping Lines...
November 15th, 2018 | Chartering, Dry Bulkcarriers, Fixtures, Markets, Statistics, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Thursday, November 15 2018)

Daily Overview of Global Markets & the SEE Region (Thursday, November 15 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: UK Prime Minister announced yesterday the Cabinet’s approval for the tentative agreement reached with EU27 on the terms of the Brexit divorce. This is expected to open the way for an extraordinary EU Council meeting in late November...
November 15th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets, Trade and Commerce | Read More

Greencarrier Freight Services forms Joint Venture together with Terminus Spedition & Transport AB

Greencarrier Freight Services forms Joint Venture together with Terminus Spedition & Transport AB
Stefan Björk, Founder & Owner of Greencarrier. As of April the 1st 2019 Greencarrier Freight Services Sweden AB enters into joint venture with Terminus Spedition & Transport AB. (Terminus) The merger of the two privately owned companies will drive substantial synergies based on the existing...
November 15th, 2018 | Energy, Environment, Mergers and Acquisitions | Read More

The BDI@1,009: truth is stranger than fiction…

The BDI@1,009: truth is stranger than fiction…
John Faraclas – picture by ecopack77 The BDI (Baltic Dry Index) ended the day with yet another fall; at 1,009 – minus 55 might soon create one of the biggest disasters in shipping’s recent history if it goes below the 1,000 point-threshold, something though more than possible… We have seen...
November 14th, 2018 | Chartering, Comment, Dry Bulkcarriers, Markets, Military, Oil Industry, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Sovcomflot concludes USD 149 million project credit facility for up to 10 years with three leading European banks

Sovcomflot concludes USD 149 million project credit facility for up to 10 years with three leading European banks
Nikolai Kolesnikov Senior EVP & CFO PAO Sovcomflot Sovcomflot (SCF Group) is pleased to announce that it has signed a new USD 149 million credit facility, for up to 10 years, with a consortium of three leading international banks, comprising: ING Bank N.V.; KfW IPEX-Bank GmbH, and Crédit Agricole...
November 14th, 2018 | Banking, LNG, Markets, News, Shipfinance | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, November 14, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, November 14, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: According to press reports, the UK and EU negotiators reached an agreement on a technical level on the terms of the Brexit divorce. The UK cabinet will meet today at 14:00 GMT to decide whether to approve the draft text. In reaction...
November 14th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

ABB signs breakthrough contract for marine automation in China

ABB signs breakthrough contract for marine automation in China
Viking Line cruise ferry. Image courtesy of Viking Line First marine automation system contract signed in China for a cruise ferry sets new benchmark for systems integration. ABB has won its first marine automation system contract for a cruise ferry in China, after the technology package for Chinese-built...
November 14th, 2018 | Cruise Ferry, Cruise Industry, Marine Equipment Products and Services, Shipbuilding and Shipyards, Technology | Read More

Zambia’s infrastructure habit, Super-fast politics podcast

Zambia’s infrastructure habit, Super-fast politics podcast
Commentary: Zambia’s infrastructure habit By Max Roch in London Infrastructure development in Zambia is a powerful tool for swaying public opinion. However, despite its importance to economic growth, it is contentious. Past projects are associated with high costs, opaque tender processes and rising...
November 14th, 2018 | Banking, Comment, Insight, Markets | Read More

The BDI@1,064: …the plot thickens…

The BDI@1,064: …the plot thickens…
John Faraclas The BDI (Baltic Dry Index) lost 61 points earlier on today sending alarms around as the Capes … “returned” to triple digit losses. Geopolitics still critical and everything in the Mighty Continent “shifts” to BREXIT and the Italian Budget… whilst all other crucial issues remain...
November 13th, 2018 | Chartering, Comment, Dry Bulkcarriers, Fixtures, Insight, Markets, Military, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Ocean Shipping Industry prioritizes technology investment for year ahead

Ocean Shipping Industry prioritizes technology investment for year ahead
. New Survey Finds Shipping Industry Concerned About Impact of Trade Protectionism and Cyber Threats, But Mostly Optimistic About Growth Industry Respondents Say Technology Spending Will Increase as Companies Seek to Improve Process Efficiency, Customer Experience, and Supply Chain Collaboration SAN...
November 13th, 2018 | Maritime Fraud, Markets, Safety and Security, Trade and Commerce | Read More

Diana fixes on period t/c m/v Maia with Glencore

Diana fixes on period t/c m/v Maia with Glencore
ATHENS, GREECE, November 13, 2018 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture...
November 13th, 2018 | Chartering, Dry Bulkcarriers, Fixtures, Markets, News, Stock Markets | Read More

STX receives AiP from LR for LNG-fuelled 50k dwt MR tanker

STX receives AiP from LR for LNG-fuelled 50k dwt MR tanker
The vessel design 13 November 2018 – Lloyd’s Register (LR) has presented STX with approval in principle for a 50k dwt MR tanker design capable of using LNG as a fuel. This development is the result of close collaboration between STX and LR. STX incorporated an LNG-fuelled propulsion system...
November 13th, 2018 | Bunkering, Classification Societies, Gas, News, Shipbuilding and Shipyards, Tankers, Technical, Technology | Read More

Scrubber Statistics – Alternative Fuels Insight Platform (AFI)

Scrubber Statistics – Alternative Fuels Insight Platform (AFI)
… Georgios TERIAKIDIS, Regional Business Development Manager, South East Europe, Middle East & Africa, DNV GL – Maritime advises on the  Scrubber Statistics – Alternative Fuels Insight Platform (AFI): DNV GL’s Alternative Fuels Insight (AFI) platform is a new application, offered...
November 13th, 2018 | Bunkering, Classification Societies, Emissions, Environment, Marine Equipment Products and Services, News, Pollution, Statistics, Technical, Technology | Read More