Archive for the ‘Markets’ Category

Diana fixes post panamax “Electra” and panamax “Protefs” on period

Diana fixes post panamax “Electra” and panamax “Protefs” on period
. DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACTS FOR M/V ELECTRA WITH OLDENDORFF AND  M/V PROTEFS WITH PHAETHON ATHENS, GREECE, November 22, 2019 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced...
November 22nd, 2019 | Chartering, Dry Bulkcarriers, Fixtures, Markets, News, Statistics, Stock Markets | Read More

Contained dry fall and continued wet surge

Contained dry fall and continued wet surge
John Faraclas Contained Dry fall and continued Wet surge The BDI (Baltic Dry Index) fell five points and now stands at 1,255. The Wets’ surge and will continue to surge. Geopolitics for strong nerves with the Migrants creating havoc in South Europe. John Faraclas’ brief recap: The Capes’ BCI was...
November 21st, 2019 | Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Wanted: A Glimpse of the Ship of the Future. . . Headlines of the Week- November 20, 2019

Wanted: A Glimpse of the Ship of the Future. . .  Headlines of the Week- November 20, 2019
Wanted: A Glimpse of the Ship of the Future. . .  Headlines of the Week- November 20, 2019  The analysts’ numbers for shipyard productivity are in—and they are down.  Who can blame a shipowner for hesitating to commit to a starting point of $50 million per ship for a vessel whose requirements...
November 21st, 2019 | Emissions, Energy, Environment, Trade and Commerce | Read More

STEALTHGAS INC. Reports Nine Months 2019 Financial and Operating Results

STEALTHGAS INC. Reports Nine Months 2019 Financial and Operating Results
Harry Vafias STEALTHGAS INC. Reports Nine Months 2019 Financial and Operating Results ATHENS, Greece, Nov. 21, 2019 (GLOBE NEWSWIRE) — STEALTHGAS INC. (GASS), a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today...
November 21st, 2019 | Accountancy, Chartering, Company Profiles, LPG, Reports, Shipmanagement, Stock Markets | Read More

Shipping number of the week: Chinese steel production declines for the first time in 21 months

Shipping number of the week: Chinese steel production declines for the first time in 21 months
The BIMCO House Shipping number of the week: Chinese steel production declines for the first time in 21 months Chinese steel production dropped by one million (1m) tonnes, a decline of 1.2%, compared to October last year. China produced 81m tonnes of crude steel in October 2019. This is the first decline...
November 21st, 2019 | BIMCO, Markets | Read More

Simpson Spence Young (SSY) expands into energy derivatives broking

Simpson Spence Young (SSY) expands into energy derivatives broking
New hire – James Whistler, Head of Energy Derivatives, SSY Simpson Spence Young (SSY) expands into energy derivatives broking Leading independent shipbroker Simpson Spence Young (SSY) is launching a new energy derivatives service through its derivatives business SSY Futures Ltd., based in New York,...
November 21st, 2019 | Chartering, Company Profiles, Energy, Markets, Person Profiles | Read More

Falling BDI amid Planet Ocean’s Geopolitical mess…

Falling BDI amid Planet Ocean’s Geopolitical mess…
John Faraclas Falling BDI amid Planet Ocean’s Geopolitical mess… The BDI (Baltic Dry Index) lost 44  points earlier on today and now stands at 1,260. With the geopolitical issues having no end, things can get sour all over. John Faraclas’ brief midweek recap: The Capes’ BCI loss was a triple...
November 20th, 2019 | Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Tankers, Trade and Commerce | Read More

Ocean Network Express chooses TPS Valparaíso to launch XVELA Collaborative Platform in Latin America

Ocean Network Express chooses TPS Valparaíso to launch XVELA Collaborative Platform in Latin America
Ocean Network Express chooses TPS Valparaíso to launch XVELA Collaborative Platform in Latin America The implementation, part of a partnership with TPS and XVELA, will be the starting point for a global collaboration initiative OAKLAND, CA — 11/20/19 — XVELA, the world’s first maritime...
November 20th, 2019 | Liner Shipping and Trade, Ports & Terminals | Read More

Diana fixes post-panamax “Polymnia” on period to Cargill

Diana fixes post-panamax “Polymnia” on period to Cargill
. Diana Shipping Inc. announces direct continuation of time charter contract for m/v Polymnia with Cargill  ATHENS, GREECE, November 20, 2019 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through...
November 20th, 2019 | Chartering, Company Profiles, Dry Bulkcarriers, Markets, News, Stock Markets | Read More

South Africa will be major global force within LNG bunker market says DNG Energy

South Africa will be major global force within LNG bunker market says DNG Energy
Aldworth Mbalati, Chief Executive Officer, DNG Energy South Africa will be major global force within LNG bunker market says DNG Energy Company to commence LNG bunkering operations from Algoa Bay in 2020 in line with ongoing investment drive London, November 20, 2019 – DNG Energy, the leading South...
November 20th, 2019 | Bunkering, Company Profiles, LNG, Person Profiles | Read More

The Swedish Club Points Bridge Crew in the Right Direction

The Swedish Club Points Bridge Crew in the Right Direction
Lars A. Malm, Director Strategic Business Development & Client Relations, The Swedish Club The Swedish Club Points Bridge Crew in the Right Direction Containers tumbling into the sea, environmental damage – with reports of navigational error a seeming fact of life The Swedish Club has launched...
November 20th, 2019 | Containers, HR, Manning - Seafarers and Offshore, Maritime Accidents, P and I Clubs | Read More

Performance Shipping Inc. announces agreement to acquire an Aframax Tanker and US$11.0 million investment by its chairman

Performance Shipping Inc. announces agreement to acquire an Aframax Tanker and US$11.0 million investment by its chairman
.. Performance Shipping Inc. Announces Agreement to Acquire an Aframax Tanker and US$11.0 Million Investment by its Chairman ATHENS, GREECE, November 20, 2019 – Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships and...
November 20th, 2019 | Company Profiles, Markets, News, Sales and Purchases, Stock Markets, Tankers | Read More

Will history repeat itself? Callum MacPherson, Investec’s Head of Commodities comments on the upcoming OPEC meeting

Will history repeat itself? Callum MacPherson, Investec’s Head of Commodities comments on the upcoming OPEC meeting
Callum Macpherson Will history repeat itself? Callum MacPherson, Investec’s Head of Commodities comments on the upcoming OPEC meeting Callum MacPherson, Investec’s Head of Commodities “Over the last half of this year, the oil market has provided little cheer for the bulls. Even the attack on...
November 20th, 2019 | Energy, Markets, Oil Industry, Tankers | Read More

Awkward truths on UK campaign trail, Project financing for infrastructure development

Awkward truths on UK campaign trail, Project financing for infrastructure development
UK PM Boris Johnson Awkward truths on UK campaign trail, Project financing for infrastructure development Wednesday 20 November 2019 Vol.10 Ed.47.2 Commentary: Awkward truths on UK campaign trail By John Nugée in London When UK Prime Minister Boris Johnson finally succeeded in persuading parliament...
November 20th, 2019 | Comment, Construction, Finance, Markets, Politics and Government | Read More

Skyfall …err Dryfall continues with the BDI@1,304; Wets …“surge”

Skyfall …err Dryfall continues with the BDI@1,304; Wets …“surge”
John Faraclas Skyfall …err Dryfall continues with the BDI@1,304; Wets …“surge” The Dry Market ‘s fall continued with the only excemption that of the Panamax which surprise surprise gained four points! The Wets on the up and Geopolitics as usual continue to deteriorate sending hint-alarms but...
November 19th, 2019 | Chartering, Dry Bulkcarriers, Markets, Military, News, Oil Industry, Reports, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Rocktree completes FEED for Bauxite Hills Floating Terminal

Rocktree completes FEED for Bauxite Hills Floating Terminal
Rocktree’s 40,000 metric tonnes/day capacity Apollo floating terminal, which was commissioned in 2015 Rocktree completes FEED for Bauxite Hills Floating Terminal Rocktree Consulting, a division of Singapore-headquartered transhipment and logistics group Rocktree, has completed the front-end engineering...
November 19th, 2019 | Mining, Ports & Terminals | Read More

GLOBAL & REGIONAL DAILY (Tuesday 19, November 2019)

GLOBAL & REGIONAL DAILY (Tuesday 19, November 2019)
. GLOBAL & REGIONAL DAILY (Tuesday 19, November 2019) GLOBAL & REGIONAL DAILY HIGHLIGHTS November 19, 2019 Global Markets Investors retain a cautious stance against risk assets early today amid market uncertainty over whether the US and China are getting close to finalizing “phase one” trade...
November 19th, 2019 | Banking, Finance, Markets, Reports, Statistics, Stock Markets | Read More

Med Marine Orders MAN 175D for Svitzer Ice-Breaking Tugs

Med Marine Orders MAN 175D for Svitzer Ice-Breaking Tugs
The MAN 175D engine Med Marine Orders MAN 175D for Svitzer Ice-Breaking Tugs 12V175D MM engines to power 2 × 30m ice-breaking tugs Copenhagen, 19th November 2019  MAN Energy Solutions has won the contract to supply the main propulsion engines for two new ice-breaking ASD tugs, to be operated by Svitzer...
November 19th, 2019 | Icebreakers, Marine Equipment Products and Services | Read More

The BDI@1,338… CAUTION!

The BDI@1,338… CAUTION!
John Faraclas The BDI@1,338… CAUTION! The BDI (Baltic Dry Index) fell 19 points since last Friday the 15th of November and makes things more uncertain as it’s a bad start for this week, given that  Geopolitics are being governed by the few who don’t care at all how the 7.7 billion people on...
November 18th, 2019 | Chartering, Comment, Dry Bulkcarriers, Insight, Markets, Military, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

Report Published: Mapping Shipping Cargo Value

Report Published: Mapping Shipping Cargo Value
Image © ABPmer, 2019 Report Published: Mapping Shipping Cargo Value  The results of a project undertaken by marine consultancy ABPmer, to develop a method to assign values to shipping cargo has been published by the Marine Management Organisation (MMO).   The resulting mapping and information will...
November 18th, 2019 | Ports & Terminals, Reports, Trade and Commerce | Read More

The false economy of amending knock for knock clauses

The false economy of amending knock for knock clauses
. From the Shipowners’ Club: The false economy of amending knock for knock clauses Some charterers propose amendments to standard knock for knock clauses in offshore contracts, while such changes can appear to be a gain for the charterer, they can come at great cost in terms of delays in obtaining...
November 18th, 2019 | Chartering, Disputes, P and I Clubs | Read More

The Blue MBA appoints Saunak Rai as Ambassador to enhance links with Singapore

The Blue MBA appoints Saunak Rai as Ambassador to enhance links with Singapore
Saunak Rai The Blue MBA appoints Saunak Rai as Ambassador to enhance links with Singapore Saunak Rai, a leading specialist in the shipping of natural gas and other cargoes, has been formally appointed an Ambassador for the Executive MBA in Shipping and Logistics (the Blue MBA). Mr Rai, who is based in...
November 18th, 2019 | Academia, Bunkering, HR, LNG, Maritime Education and Training, Markets, News, People and Places | Read More

GLOBAL & REGIONAL DAILY (Monday 18, November 2019)

GLOBAL & REGIONAL DAILY (Monday 18, November 2019)
. GLOBAL & REGIONAL DAILY (Monday 18, November 2019) GLOBAL & REGIONAL DAILY HIGHLIGHTS November 18, 2019 Global Markets Risky assets kicked off the week on a positive tone amid renewed optimism for a US/China trade deal in the not too distant future. US Treasury and Bund yields were a tad higher...
November 18th, 2019 | Banking, Finance, Markets, Reports, Statistics, Stock Markets | Read More

Dry Market’s contained fall amid perplexed Geopolitics and Global Debt continues…

Dry Market’s contained fall amid perplexed Geopolitics and Global Debt continues…
John Faraclas Dry Market’s contained fall amid perplexed Geopolitics and Global Debt continues… The BDI (Baltic Dry Index) was down earlier on today seven points to 1,357 and on a weekly basis 21 – from 1,378 points (08 Nov.2019). A contained fall with only the Capes being on a slight upwards...
November 15th, 2019 | Chartering, Civil Unrest, Comment, Conferences, Seminars, Forums, Dry Bulkcarriers, Markets, Military, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Hot Port News from GAC

Hot Port News from GAC
Hot Port News from GAC 15-Nov-2019 REBATE FOR DRY BULK VESSELS Suez Canal, Egypt DREDGING IN TUEN MUN TYPHOON SHELTER Hong Kong CHRISTMAS BOAT LIGHT PARADE Singapore Rebate for dry bulk vessels Friday, November 15, 2019, Suez Canal, Egypt Suez Canal Authority has decided that circular No. 3/2017 and...
November 15th, 2019 | Anniversaries, Canals, Dry Bulkcarriers, Port Conditions, Ports & Terminals, Religion | Read More