Archive for the ‘Markets’ Category

Rickmers-Linie transports three 475-tonne LPG storage tanks from Malaysia to Kuwait

Rickmers-Linie transports three 475-tonne LPG storage tanks from Malaysia to Kuwait
“Rickmers-Linie has recently transported three LPG storage tanks, each weighing 475 tonnes, from Kuantan in Malaysia to Shuaiba in Kuwait. The company’s 19, 100dwt Baltic Winter is seen here in Kuantan loading one of the tanks using her own gear. All three tanks were moved in a single voyage.” Rickmers-Linie’s...
September 27th, 2012 | Liner Shipping and Trade, Logistics, Ocean Shipping | Read More

Piracy and War Risks – Considerations for Owners and Charterers

  Darryl Kennard – Piracy and War Risks – Considerations for Owners and Charterers With piracy in Africa an ever-present concern, owners and charters should consider carefully any piracy or war risks clauses contained in their charters. This article by Darryl Kennard and Rebecca Crookenden considers...
September 25th, 2012 | Chartering, Legal, Piracy and Terrorism | Read More

The Board of Oslo Børs approves Borregaard for listing at Oslo Børs

At its meeting on 25 September 2012, the Board of Directors of Oslo Børs resolved to admit shares in Borregaard ASA to listing on Oslo Børs. The Board agreed to exempt the company from the requirement that a listed company must have been in existence for at least three years, cf. Sections 2.3.1 and...
September 25th, 2012 | Stock Markets | Read More

Pragmatism in all fronts needed for Greek and International Shipping

Pragmatism in all fronts needed for Greek and International Shipping
John Faraclas The latest situation and developments in the shipping markets following the drop of the BDI at 661 (12/9) and its slight upwards  movement to 774 points last Friday 21/9, the rumours that Greek shipping entities are selling fleets – old tonnage in particular, China and India’s position...
September 25th, 2012 | Markets, News | Read More

Heavyweight international line-up for India Shipping Summit

the panel at the India Shipping Summit 2011 The India Shipping Summit returns to Mumbai for the eighth event on 8-10 October and this year’s programme is taking a prescriptive look at the unique challenges facing India’s maritime industry. The summit examines the country’s ambitions and...
September 24th, 2012 | Trade and Commerce | Read More

Carnival Corporation Chairman to Speak at WTM 2012

Carnival Corporation Chairman and CEO Micky Arison will make a rare public appearance at World Travel Market 2012, the leading global event for the travel industry. Arison will be taking part in the Travel Weekly Cruise Debate on Tuesday 6 November as the industry seeks to make sense of what has been...
September 24th, 2012 | Maritime Tourism | Read More

Straight and clear solutions can save the day for Greek Shipping’s major issues

Straight and clear solutions can save the day for Greek Shipping’s major issues
John Faraclas A summer recap on the total issues of Greek and International Shipping where discussed with journalist Panos Fotakos and John Faraclas live on the SBC TV Channel on Friday the 14th of September. Herebelow are the links/videos and as soon as the translation becomes available, our viewers...
September 22nd, 2012 | Markets, News | Read More

GL Noble Denton Boosts Safety and Risk Services in Norway through Strategic Partnership with XAFE

Stavanger, Norway –  GL Noble Denton has expanded its safety and risk services to the Norwegian oil and gas market through a new strategic partnership with Stavanger-based consultancy, XAFE. The cooperation will allow both businesses to meet a growing demand for risk analysis, technical safety,...
September 22nd, 2012 | Energy, Oil Industry, Safety and Security | Read More

Immigration officers start new wave of strike action in Brazil ahead of cruise season

Inchcape Shipping Services, the world’s leading maritime services provider, is advising of a new wave of strike action by immigration officers in Manaus and Amazonas which could impact the start of the cruise season in Brazil. The official strike by immigration officers follows a break up in salary...
September 16th, 2012 | Maritime Tourism, Ports & Terminals | Read More

Media Alert – Shipbreaking continues to kill workers in Bangladesh

Media Alert – Shipbreaking continues to kill workers in Bangladesh
NGOs call on Europe to stop illegal traffic of toxic ships Brussels, 14 September 2012 – At least eight workers have lost their lives at the shipbreaking yards in Bangladesh this year. Two days ago, Ershadul Huq fell from a ship at the Sayed Steel Ship Breaking Yard, in Chittagong, Bangladesh (1)....
September 15th, 2012 | Health and Safety, HR, News, Ship Demolitions | Read More

Another milestone for Laskaridis Shipping Co Ltd!

Another milestone for Laskaridis Shipping Co Ltd!
The reefer “Skyfrost” Laskaridis Shipping Co. Ltd. is pleased to announce that its Ice-Classed reefer vessel M/V Skyfrost (470, 604cbft, Vessel Class Bureau Veritas) has exited the Northern Sea Route Passage (NSR) on the 9th of September 2012 en route to St. Petersburg with a cargo of frozen...
September 13th, 2012 | News, Trade and Commerce | Read More

Smit Lamnalco secures major O&M Contract in Iraq

Smit Lamnalco secures major O&M Contract in Iraq
Smit Lamnalco SPM support will be critical to the drive to increase Iraq’s oil exports Smit Lamnalco has secured the turnkey contract to support Single Point Mooring operations for The Iraq Crude Oil Export Expansion Project (ICOEEP). The scheme, 20 km off the Al Fao Peninsula, looks to triple oil...
September 13th, 2012 | Energy, Logistics, News, Oil Industry, Salvage, Towage, Wreck Removals | Read More

Greek shipping: a lot yet has to be done to safeguard its top position

Greek shipping: a lot yet has to be done to safeguard its top position
John Faraclas’ latest interview and commentary last Friday the 7th of September to Lilian Margaritis and Vassilis Tsekouras of SBC TV on the entire Greek shipping industry’s issues: ships – both ocean going and coastal ones including ferries, shipping and stock markets, maritime tourism, ports...
September 8th, 2012 | Environment, HR, Markets, News, Politics and Government, Ports & Terminals, Shipbuilding and Shipyards, Shipfinance | Read More

Robert Sappio has been appointed President and CEO of Rickmers Americas

Robert Sappio The Rickmers Group has appointed Robert Sappio to the position of President and CEO of Rickmers Americas. He will report to Ronald D Widdows, CEO of Rickmers Holding. Mr Sappio will be responsible for all aspects of Rickmers Group’s business in the Americas: including Rickmers-Linie (America)...
September 8th, 2012 | HR, Liner Shipping and Trade, Shipmanagement | Read More

Media Alert – NGOs call on Germany: stop toxic ship before it reaches Alang graveyard

Media Alert – NGOs call on Germany: stop toxic ship before it reaches Alang graveyard
  The Northern Vitality Brussels, 7 September 2012* – The “Northern Vitality”, a 15-year-old containership owned by German company “Norddeutsche Vermögen Holding GmbH & Co” and chartered by Swiss company MSC, will  be heading next week for the shipbreaking beach of Alang in India...
September 8th, 2012 | Environment, HR, Ship Demolitions | Read More

Russia’s GCS seeks to expand its activities related to dry and liquid bulk transportation in ISO containers

Russia’s GCS seeks to expand its activities related to dry and liquid bulk transportation in ISO containers
Bulk liquid cargoes are pumped into flexi-tanks by GCS at an off-dock terminal, having arrived in Novorossiysk in rail tank cars. Flexi-tanks provide an excellent way of utilizing standard ISO containers that might otherwise be shipped out of Novorossiysk as empties. Novorossiysk’s Global Container...
September 1st, 2012 | Logistics, News, Trade and Commerce | Read More

Greece can do it with shipping, tourism and the Athens Exchange !

Greece can do it with shipping, tourism and the Athens Exchange !
Following previous interviews John Faraclas gives to Sophia Rodopolou of the SBC TV his personal views on the Shipping, Shipbuilding, Tourism and the capabilities of the Athens Exchange. He also refers to the greek backed shipping companies which entered the international stock markets. Faraclas believes...
September 1st, 2012 | Marine Equipment Products and Services, Markets, News, Ports & Terminals, Ship Conversions, Shipbuilding and Shipyards, Shipping Centers, Yachting | Read More

Greece, stock markets et al: Leadership in all aspects is the name of the game…

Greece, stock markets et al: Leadership in all aspects is the name of the game…
The Athens Stock Exchange SBC TV’s Vassilis Tsekouras questions John Faraclas on the current  Shipping Financial Markets, the Stock Markets and Exchanges and what has to be done for Greece’s ailing economy and stalemate. A great deal of the interview centred on the future capabilities of the Athens...
August 30th, 2012 | Holidays, Manning - Seafarers and Offshore, Maritime Tourism, News, Politics and Government, Ports & Terminals, Stock Markets, Taxation | Read More

Nagoya, Japan joins Rickmers’ Round-the-World Pearl String Service

Nagoya, Japan joins Rickmers’ Round-the-World Pearl String Service
The “Rickmers Hamburg” As from September 2012, the port of Nagoya will be added to Rickmers-Linie’s Round-The-World Pearl String Service schedule on a monthly basis. Shippers will now be able to ship directly to Houston, New Orleans, Savannah, Philadelphia, Antwerp and Hamburg.  The service...
August 30th, 2012 | Liner Shipping and Trade, News | Read More

Cecon ASA – Contract Award

2012-08-28: Contract Award Cecon ASA with its subsidiary Cecon NL BV is very pleased to announce a new contract award. GDF SUEZ E&P Nederland B.V. has issued a Letter of Intent to Cecon NL BV to install rigid pipelines on three projects totalling 57km, all in the Dutch Sector of the North Sea, in...
August 28th, 2012 | Energy, Oil Platforms and Rigs | Read More

News from the Oslo Børs

The shares in Origio AS will be delisted from Oslo Børs. Last day of listing will be Thursday 23 August 2012. Origio AS has in letter dated 4 July 2012 pursuant to Continuing Obligations section 15.1 (4) cf. Stock Exchange Act section 25 (1), applied for delisting of the company’s shares from Oslo...
August 21st, 2012 | Stock Markets | Read More

Ravi’s on the right course yet again

Ravi’s on the right course yet again
Ravi Mehrotra with his wife Manju Ravi Mehrotra’s Foresight Group and Cosco (Dailan) Shipyard Co Ltd have signed a contract for construction of up to three offshore Jack Up Drillings Rigs at Cosco Dalian shipyard. The Rigs shall be ultramodern LeTourneau Super 116E 350 foot design with features specially...
August 21st, 2012 | Energy, News, Oil Platforms and Rigs, Shipbuilding and Shipyards | Read More

Shipyards saga in Greece continues, but Greeks can do it if…..!

Shipyards saga in Greece continues, but Greeks can do it if…..!
We continue our reporting with the shipyard saga in Greece following governmental announcement/appointment of a coordinator project planner… Indeed the Greeks can do it if the right persons are appointed to do the job! As you all know, Nicholas Anastasopoulos, former CEO of the Piraeus Port Authority...
August 20th, 2012 | Airline Industry, Breaking News, Coastal Shipping, Energy, Flags, Jobs, Manning - Seafarers and Offshore, Oil Platforms and Rigs, Politics and Government, Ship Conversions, Shipbuilding and Shipyards, Shipfinance, Shiprepair, Tourism | Read More

Whatever happened to the freight markets – and S and P too

Whatever happened to the freight markets – and S and P too
John Faraclas’ oxymoron view or reality on the markets “performance”? This is a quickie report/outlook on the market and includes the past seven months and the remaining five until the end of this annus horribilis for the shipping freight rates… and ships prices too! You don’t need...
August 17th, 2012 | Markets, News | Read More

DIANA Shipping Inc., announces delivery of the newly built pot Panamax Dry bulk carrier m/v “Amphitrite” and entry into a timecharter with Bunge

ATHENS, GREECE, August 16, 2012 – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that on August 14, 2012, the Company, through a separate wholly-owned subsidiary, took delivery of the m/v “Amphitrite”,...
August 16th, 2012 | Markets | Read More