Archive for the ‘Markets’ Category

Midweek blues with the BDI@721…

Midweek blues with the BDI@721…
John Faraclas The entire Market – both Dry and Wet was down today and I guess you must be very affluent this time to avoid even more losses… Let’s see how many can sail through… Geopolitics in total mess affecting the entire shipping industy. John Faraclas’ midweek note: The BDI (Baltic...
January 30th, 2019 | Chartering, Comment, Dry Bulkcarriers, Insight, Markets, Obituaries, Reports, Sanctions, Seizures, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

ITIC e-learning video highlights dangers of switch bills of lading

ITIC e-learning video highlights dangers of switch bills of lading
International Transport Intermediaries Club (ITIC) has produced an e-learning video for ship agents on the use of ‘switch bills of lading’, a second sets of bills used as a substitute for the original bills of lading issued at time of shipment. ITIC legal advisor Mark Brattman says, “There are...
January 30th, 2019 | Associations, Chartering, Marine Insurance, Maritime Education and Training, P and I Clubs | Read More

Capital Ship Management Corp. and Liberty One announce the acquisition of two high specification Container Vessels ‘Asterix’ and ‘Apostolos II’ by their Joint Venture: “Capital Liberty Invest”.

Capital Ship Management Corp. and Liberty One announce the acquisition of two high specification Container Vessels ‘Asterix’ and ‘Apostolos II’ by their Joint Venture: “Capital Liberty Invest”.
The “ASTERIX” Athens, Leer, January 30, 2019. Capital Liberty Invest, the joint venture between Capital Ship Management and Liberty One, recently acquired its first two high specification feeder container vessels which will come under the technical management of Liberty Blue in Leer, Germany.  The...
January 30th, 2019 | Container shipping, Containers, Markets, News | Read More

RMT demands answers as scandal deepens over award of Government Brexit ferry contracts

RMT demands answers as scandal deepens over award of Government Brexit ferry contracts
Mick Cash MARITIME UNION RMT today demanded answers from the Government over the terms and conditions of workers on their Brexit ferry contracts, and the publication of their legal advice on the procurement process, as the Chair of the Transport Select Committee released correspondence that raises serious...
January 30th, 2019 | HR, Jobs, Ro-Ro and Passenger Ferries | Read More

Concept Design and Engineering for World’s first Pure-Electric tanker completed

Concept Design and Engineering for World’s first Pure-Electric tanker completed
… Asahi Tanker Co. Ltd, together with its partner Exeno-Yamamizu Corporation Tokyo, has jointly developed the new domestic shipping tanker design which incorporates “zero emission electric propulsion”. In anticipation of future adaptations to regulatory conformity ClassNK has been appointed...
January 30th, 2019 | Emissions, Environment, Insight, Marine Equipment Products and Services, News, Shipbuilding and Shipyards, Story of the Day, Tankers | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, January 30, 2019)

Daily Overview of Global Markets & the SEE Region (Wednesday, January 30, 2019)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Investors adopted a cautious stance against risk assets earlier today ahead of Fed Chair Jerome Powell’s press conference that will follow the conclusion of the two-day monetary policy meeting. In addition, a new round of two-day...
January 30th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Powell should ease US monetary policy, Financial instability series

Powell should ease US monetary policy, Financial instability series
Janet Yellen Commentary: Powell should ease US monetary policy By Desmond Lachman in Washington In 2017, a key monetary policy mistake of the US Federal Reserve under Janet Yellen was to keep monetary policy too loose despite a strong increase in US stock prices. Hopefully Jay Powell does not make that...
January 30th, 2019 | Banking, Comment, Finance, Markets, News | Read More

The Truth: the BDI@797

The Truth: the BDI@797
John Faraclas “ ‘Tis strange- but true; for truth is always strange; Stranger than fiction !” Lord Byron was absolutely right… So here we go with yet another Market total fall; The BDI lost 55 points and things are getting sour but cool; cheer up the worse is yet to come. The geopolitics still...
January 29th, 2019 | Academia, Art and auctions, Charity, Chartering, Clubs, Conferences, Seminars, Forums, Consumers Market, Cruise Industry, Dry Bulkcarriers, Events, Events, Conferences,Forums and Symposiums, Exhibitions, Exhibitions, Fashion, Headlines, Insight, Markets, News, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, January 29, 2019)

Daily Overview of Global Markets & the SEE Region (Tuesday, January 29, 2019)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: War trade woes intensified on news that the US Justice Department levelled criminal charges against China’s telecommunications giant Huawei Technologies. Against this background, the majority of European bourses opened marginally...
January 29th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Foreship ensures Wasaline ferry is designed for lean, green and flexible performance

Foreship ensures Wasaline ferry is designed for lean, green and flexible performance
Energy efficiency, flexibility and optimised space availability will be built into the new Wasaline ferry that will transform freight and passenger connections between Umeå in Sweden and Vaasa in Finland, according to naval architect and design engineering consultant Foreship. Last week, Kvarken Link...
January 29th, 2019 | Marine Equipment Products and Services, Ro-Ro and Passenger Ferries, Shipbuilding and Shipyards | Read More

The BDI@ 852: the effect is shuttering

The BDI@ 852: the effect is shuttering
John Faraclas The BDI ended with another loss making day, minus 53 points; Geopolitics become more than weird. John Faraclas daily briefing: An expected fall as the Dry Market begins to dry out! The Capes’ BCI lost nearly 100 points – 99 to be precise! At 1,631 and with the 1,700 point-base lost...
January 28th, 2019 | Chartering, Dry Bulkcarriers, Insight, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Crowley continues strong start to 2019 with arrival of 1,500 new containers

Crowley continues strong start to 2019 with arrival of 1,500 new containers
  Crowley’s containers (JACKSONVILLE, Fla.; Jan 28, 2019) ­– To better serve its diverse customer base, Crowley Logisticshas invested almost $30 million in new cargo carrying equipment over the last year. The latest arrivals under this acquisition include 1,500, 45-foot (102-inch wide) dry...
January 28th, 2019 | Containers, Markets, Trade and Commerce | Read More

Diana Shipping announces period T/C contracts for m/v Amphitrite with Uniper and m/v Naias with Phaethon

Diana Shipping  announces period T/C contracts for m/v Amphitrite with Uniper and m/v Naias with Phaethon
Diana Shipping Inc. Announces Time Charter Contracts for m/v Amphitrite with Uniper and m/v Naias with Phaethon ATHENS, GREECE, January 28, 2019 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that,...
January 28th, 2019 | Chartering, Dry Bulkcarriers, Markets, Stock Markets | Read More

Port of Barcelona implements alternative fuel use to improve air quality

Port of Barcelona implements alternative fuel use to improve air quality
General Manager José Alberto Carbonell at the launch of the fleet of dual fuel container trucks, June 2018 With support from the European Union’s CEF Program, Port of Barcelona partners with energy suppliers, ship owner-operators, port equipment manufacturers and technological innovators to pilot...
January 28th, 2019 | Emissions, Energy, Environment, LNG, Pollution | Read More

B&M increases imports through the Port of Liverpool

B&M increases imports through the Port of Liverpool
A Maersk Line vessel docking at the Port of Liverpool B&M, one of the UK’s leading variety retailers, has announced it is increasing its cargo into the Port of Liverpool by 30 per cent following frustrations with delay-struck southern ports. After completing a successful trial at the port, the...
January 28th, 2019 | Consumers Market, Liner Shipping and Trade, Logistics, News, Port Conditions, Ports & Terminals, Trade and Commerce | Read More

Daily Overview of Global Markets & the SEE Region (Monday, January 28, 2019)

Daily Overview of Global Markets & the SEE Region (Monday, January 28, 2019)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: European bourses opened lower today as data from the Eurozone continue to disappoint, fueling market concerns about the economy’s growth prospects. On the flipside, US equity markets gained on Friday capitalizing on the US President...
January 28th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

Norwegian Electric Systems selects Corvus Energy storage system for five new Fjord1 ferries

Norwegian Electric Systems selects Corvus Energy storage system for five new Fjord1 ferries
The five ferries are a Havyard design and will be built in Havyard Shipyard in Leirvik, Sogn. Each ferry will be equipped with air-cooled Corvus Orca Energy ESS that will supply electrical power to the ferry’s NES all-electric power and propulsion system. Bergen, Norway and Richmond, British Columbia,...
January 28th, 2019 | Energy, Ro-Ro and Passenger Ferries | Read More

Oceanco Wins Prestigious Design & Innovation Award With 106.7m Black Pearl

Oceanco Wins Prestigious Design & Innovation Award With 106.7m Black Pearl
The “Black Pearl” ALBLASSERDAM, Netherlands, Jan. 27, 2019 /PRNewswire/ — Oceanco’s 106.7m Black Pearl won top honors at the 2019 Boat International Design & Innovation Awards that took place on the 27th of January in Cortina. This unique and complex vessel took home...
January 27th, 2019 | Awards, Events, Conferences,Forums and Symposiums, Jet set, Maritime Tourism, Yachting | Read More

Jittery Markets with the BDI@905…

Jittery Markets with the BDI@905…
John Faraclas – picture credits Kenny Hickey The BDI (Baltic Dry Index) fell substantially from what one proportionally can calculate – do please the analysis and see the fall percentage-wise as well as historically-wise… Triple-digit losses the name of the game… The Geopolitical issues...
January 25th, 2019 | Art and auctions, Chartering, Comment, Dry Bulkcarriers, Insight, Markets, Military, Paintings and Sculpture, Religion, Shipping Indices, Statistics, Stock Markets, Trade and Commerce | Read More

Daily Overview of Global Markets & the SEE Region (Friday, January 25 2019)

Daily Overview of Global Markets & the SEE Region (Friday, January 25 2019)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: As expected, the ECB kept its key interest rates unchanged and confirmed its guidance on interest rates and reinvestments at yesterday’s monetary policy meeting. However, in the post-meeting press conference, President Mario Draghi...
January 25th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More

RMT responds to NAO report on oil and gas in the UK offshore decommissioning

RMT responds to NAO report on oil and gas in the UK offshore decommissioning
Mick Cash RMT responds to NAO report on oil and gas in the UK offshore decommissioning   General Secretary Mick Cash said;  “This is the only growth area of spending in the offshore oil and gas sector.  “Over the next decade UKCS decommissioning must benefit UK employment to reduce...
January 25th, 2019 | Energy, Gas, Manning - Seafarers and Offshore, Oil Industry, Rail | Read More

The BDI@939: brace!

The BDI@939: brace!
John Faraclas – picture credits Kenny Hickey The BDI (Baltic Dry Index) lost 43 points earlier on today –  better than yesterday when the loss was 54 points and let’s hope that things change. The Geopolitics are now entering the worse stage; it will be the beginning of the end… Globalisation...
January 24th, 2019 | Chartering, Dry Bulkcarriers, Insight, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Strong year confirms Marseille Fos growth trend

Strong year confirms Marseille Fos growth trend
Marseille Volumes last year in key areas of activity confirmed Marseille Fos as the leading French cargo and cruise port – a result matched by dynamic progress at its logistics and industrial sites.     Total cargo throughput improved 1% on 2017 to 81 million tonnes.  Standout performances included...
January 24th, 2019 | Markets, News, Port Conditions, Ports & Terminals, Reports, Ro-Ro and Passenger Ferries, Shiprepair, Statistics, Tankers, Trade and Commerce | Read More

GAC Norway opens new Arctic Circle branch in response to growing demand

GAC Norway opens new Arctic Circle branch in response to growing demand
GAC Norway’s Regional Manager Henning Kjøs Lien (far right) with the team he is working with at Tromsø: Reidun K. Lie (SIVA representative); Marit Andreassen, Linken (Receptionist & Coordinator) and Dan Røberg (shipping agent). Tromsø, Norway, 24 January 2019 – Growing interest in year-round...
January 24th, 2019 | Arctic Shipping, Cruise Ferry, Cruise Industry | Read More

Daily Overview of Global Markets & the SEE Region (Thursday, January 24, 2019)

Daily Overview of Global Markets & the SEE Region (Thursday, January 24, 2019)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Today’s market focus is on the ECB monetary policy meeting, where the Governing Council is expected to keep its rate guidance unchanged. However, following a string of poor Eurozone data that leave no hope for a reacceleration in...
January 24th, 2019 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets | Read More