Archive for the ‘Markets’ Category

LCC: “Subject to review” clauses – Is there an intention to be immediately bound?

LCC: “Subject to review” clauses – Is there an intention to be immediately bound?
“Subject to review” clauses are frequently used in fixture proposals to indicate that the parties have not yet agreed to an enforceable contract. However, the recent case of Toptip vs Mercuria in Singapore demonstrates such language may not be sufficient to avoid the contract coming into...
August 8th, 2018 | Chartering, Fixtures, Legal, P and I Clubs | Read More

Execution of Taganrog Sea Commercial Port’s Development Programme in H1 2018

Execution of Taganrog Sea Commercial Port’s Development Programme in H1 2018
T In the first six months of 2018, Taganrog Sea Commercial Port (TagSCP, part of UCL Holding) invested USD 2 million in the port infrastructure expansion programme, which represents a year-on-year 11-percent growth. Bulk of this amount was spent on the acquisition of a pair of rail-mounted slewing...
August 8th, 2018 | News, Port Conditions, Ports & Terminals, Trade and Commerce | Read More

Freight forwarders still suffering from Felixstowe problems

Freight forwarders still suffering from Felixstowe problems
Robert Keen Responding to a statement by the owners of the port of Felixstowe that its recently introduced new terminal operating system (TOS) is now ‘stable’, Robert Keen, Director General of the British International Freight Association (BIFA) said: “Our members still face significant problems...
August 8th, 2018 | Logistics, Markets, News, Ports & Terminals | Read More

Peak season promises better box freight rates but limited charter market upside

Peak season promises better box freight rates but limited charter market upside
MSI has redesigned its Container Shipping Forecaster, increasing the focus on freight and charter markets and enhancing data on mainlane deployment and bunker charges London, 08 August, 2018. After a pattern of divergence at the start of the year, July saw a modest realignment between charter and freight...
August 8th, 2018 | Chartering, Containers, Dry Bulkcarriers, Fixtures, Markets, Reports, Statistics | Read More

Dry Market hiccups with the BDI down at 1,732…

Dry Market hiccups with the BDI down at 1,732…
John Faraclas The BDI (Baltic Dry Index) lost 41 points and now thanks to the volatile Capes, reads 1,732. Geopolitics getting more perplexed. John Faraclas’ brief market recap: The Capes back again to volatility – 104 points were wiped-off earlier on from the BCI which now stands at 3,550 points. The...
August 7th, 2018 | Chartering, Markets, News, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Panamaxes continuous losses ground the BDI@1,773…

Panamaxes continuous losses ground the BDI@1,773…
John Faraclas – picture by ecopack77 Perplexed Market figures amid a Trade War fiasco, particularly for those seeking “revenge” but cannot go all the way… John Faraclas’ brief market recap: The BDI (Baltic Dry Index) remained the same but the interest has been focused on both the Capes...
August 6th, 2018 | Chartering, Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Tankers | Read More

Ship agent liable for negligence leading to excessive dunnage disposal charges

Ship agent liable for negligence leading to excessive dunnage disposal charges
International Transport Intermediaries Club (ITIC) has recently reported a dispute in which a ship agent in Australia was held liable to its shipowner principal for excessive charges demanded by a contractor for the disposal of dunnage and other materials related to the packing of cargo. The agent was...
August 6th, 2018 | Chartering, Legal, P and I Clubs | Read More

Rising to the digital challenge in shipping

Rising to the digital challenge in shipping
Joint TT Club & McKinsey report concludes that the future is digital   ‘Brave new world?’ examines two potential future digital scenarios, one of which is termed ‘Digital reinvention’ Industry experts, looking at the future for the container transport industry over the next 25 years,...
August 6th, 2018 | Containers, IT and Communications, P and I Clubs, Technical, Technology | Read More

Daily Overview of Global Markets & the SEE Region (Monday, August 6, 2018)

Daily Overview of Global Markets & the SEE Region (Monday, August 6, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: The majority of Asian equity indices traded in the red on Monday amid escalating US/China trade tensions. China proposed on Friday retaliatory new tariffs (from 5% to 25%) on $60bn worth of US imported goods. Trying to counterbalance...
August 6th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

The BDI@1,773; a breath of sea-breeze…

The BDI@1,773; a breath of sea-breeze…
John Faraclas The BDI (Baltic Dry Index) ended up 17 points  plus since yesterday and 101 since last Friday the 27th of July 2018 – from 1,672. Geopolitics more than crucial. John Faraclas daily and weekly recap: The Capes both on a daily and weekly basis did well; the BCI gained 98 points earlier...
August 3rd, 2018 | Associations, Chartering, Dry Bulkcarriers, Events, Conferences,Forums and Symposiums, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Strong passenger numbers for Viking Line in July- Second highest volume ever – more than 951,010 passengers sailed on the company’s vessels

Strong passenger numbers for Viking Line in July- Second highest volume ever – more than 951,010 passengers sailed on the company’s vessels
The “Viking XPRS” Viking Line recorded total passenger volume of 951,010 passengers on its routes in July. That figure is better than the level reached during 2015, a record year for the company, with the corresponding capacity. Last year, volume surpassed the one-million passenger mark...
August 3rd, 2018 | Cruise Ferry, Markets, News, Ro-Ro and Passenger Ferries | Read More

Daily Overview of Global Markets & the SEE Region (Friday, August 3, 2018)

Daily Overview of Global Markets & the SEE Region (Friday, August 3, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Shrugging off gains in Wall Street overnight on a technology-led rise, Asian equity indices traded mixed on Friday amid mounting trade war concerns. In response, the US dollar extended its overnight gains against a basket of major...
August 3rd, 2018 | Banking, Finance, News, Reports, Shipfinance, Statistics, Stock Markets | Read More

Oppps !!! Falling Panamaxes brings down the BDI…

Oppps !!! Falling Panamaxes brings down the BDI…
John Faraclas – picture by ecopack77 The BDI (Baltic Dry Index) lost four points earlier on today and now reads 1,756 points. Geopolitics still messy. John Faraclas’ brief market recap: The Capes were also a bit down despite its BCI increase of 19 points – now reading 3,534 points.  Still...
August 2nd, 2018 | Associations, Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Events, Exhibitions, Markets, Reports, Shipping Indices, Tenders, Trade and Commerce | Read More

Daily Overview of Global Markets & the SEE Region (Thursday, August 2, 2018)

Daily Overview of Global Markets & the SEE Region (Thursday, August 2, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: In line with market expectations, the Fed maintained the target range for the fed funds unchanged at 1.75-2.00% at its August meeting. The FOMC upgraded its view of economic growth since June, noting that “economic activity has been...
August 2nd, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

The BDI@1,760; contained rise…

The BDI@1,760; contained rise…
John N. Faraclas – picture by George Christakis The BDI (Baltic Dry Index) clinched 13 points earlier on today and at 1,760 still remains safe. Geopolitics in tatters. John Faraclas’ mid-week brief recap: The Capes’ BCI now stands at 3,515 – that’s 44 points plus; a bit of a contained rise...
August 1st, 2018 | Chartering, Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Diana announces appointment of directors and executive officers

Diana announces appointment of directors and executive officers
DIANA SHIPPING INC. ANNOUNCES APPOINTMENT OF DIRECTORS AND EXECUTIVE OFFICERS ATHENS, GREECE, August 1, 2018 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, effective August 1, 2018, the Company...
August 1st, 2018 | Company Profiles, Markets, News, Person Profiles, Stock Markets | Read More

Icebreaking LNGC Christophe de Margerie transits Northern Sea Route in record time for July

Icebreaking LNGC Christophe de Margerie transits Northern Sea Route in record time for July
Christophe de Margerie loading Sabetta Dec 2017 Christophe de Margerie, the icebreaking LNG carrier owned and operated by Sovcomflot (SCF Group), has crossed the Northern Sea Route (NSR) in a new record time, for a merchant ship without icebreaker support, during the month of July. The vessel covered...
August 1st, 2018 | Arctic Shipping, LNG, News, Technical, Technology | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, August 1, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, August 1, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Wall Street closed in the red overnight for the third consecutive session as technology companies were further pressured, while Asian equity markets traded mixed on Tuesday after weaker-than-expected corporate profits announcements...
August 1st, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Sea Port of St. Petersburg H1 cargo throughput rises 5 percent

Sea Port of St. Petersburg H1 cargo throughput rises 5 percent
Sea Port of St. Petersburg In the first half of 2018, AO Sea Port of St. Petersburg (SP SPb, a company of UCL Holding) handled over 3.8 million tonnes, which represents a 5% growth on the same period a year earlier.   The growth was driven primarily by increased handling of metal scrap, mineral fertilizers...
August 1st, 2018 | Markets, News, Ports & Terminals, Reports, Statistics, Trade and Commerce | Read More

Capes rule the day but caution is advised…

Capes rule the day but caution is advised…
John Faraclas The BDI (Baltic Dry Index)  gained another 44 points and now stands at 1,747 thanks to the Capes’ continuous surge… Geopolitics a bit of the same – still getting worse. John Faraclas’ daily briefing: The Capes’ BCI was up 191 points – now reading 3,471 points. CAUTION as this...
July 31st, 2018 | Chartering, Dry Bulkcarriers, Health and Safety, Markets, Reports, Safety and Security, Shipping Indices, Tankers | Read More

Crowley Adds Greater Velocity to U.S. Mainland-Puerto Rico Supply Chain with First Sailing of new LNG-Powered ConRo Ship

Crowley Adds Greater Velocity to U.S. Mainland-Puerto Rico Supply Chain with First Sailing of new LNG-Powered ConRo Ship
The “El Coqui” (San Juan, Puerto Rico; July 31, 2018) – Crowley Maritime Corp.’s new container/roll on-roll off “ConRo” ship El Coquí successfully delivered its first cargo from Jacksonville, Fla., to the company’s modernized Isla Grande Terminal in San Juan yesterday – a...
July 31st, 2018 | Bunkering, Container shipping, LNG | Read More

Baleària to invest 60 million euros in switching to natural gas engines in five of its ferries

Baleària to invest 60 million euros in switching to natural gas engines in five of its ferries
The fery “Nápoles” This project is an addition to the two ‘smart ships’ propelled by LNG being built in Italy The shipping company is maintaining its strategic commitment to this clean energy due to its competitivity and commitment to the environment The company Baleària is taking...
July 31st, 2018 | Bunkering, LNG, Ro-Ro and Passenger Ferries | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, July 31, 2018)

Daily Overview of Global Markets & the SEE Region (Tuesday, July 31, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Wall Street closed in the red overnight for the third consecutive session as technology companies were further pressured, while Asian equity markets traded mixed on Tuesday after weaker-than-expected corporate profits announcements...
July 31st, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

The TMS Tanker Conference in Dubai 16 Oct 2018

The TMS Tanker Conference in Dubai 16 Oct 2018
.. EARLY BIRD DISCOUNT FOR TMS TANKER CONFERENCE If you act fast you have a chance to take advantage of a fantastic discount on registration for the TMS Tanker Conference 2018, which will take place on Tuesday October 16th at Atlantis The Palm, Dubai. For a limited time only, attendees can benefit...
July 31st, 2018 | Events, Conferences,Forums and Symposiums, Tankers | Read More

The Capes rollercoaster continues…

The Capes rollercoaster continues…
John Faraclas The BDI  ended up at 1,703, that’s  +27 points all thanks to the Capes as all other indices fell or remained idle. Geopolitics far worse than last Friday the 27th of July. John Faraclas’ daily market and geopolitics brief: The Capes’ BCI   gained 83 points and now reads 3,280,...
July 30th, 2018 | Dry Bulkcarriers, Markets, News, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tankers | Read More