Archive for the ‘Markets’ Category

Wärtsilä strengthens its expertise in vessel positioning technology by acquiring Guidance Marine

Wärtsilä strengthens its expertise in vessel positioning technology by acquiring Guidance Marine
Wärtsilä Corporation, 10 October 2017 at 2 pm EEST – The technology group Wärtsilä has acquired Guidance Marine Limited, a privately owned company with offices in the UK, Singapore and the USA. Guidance Marine is recognised as a technology leader in the marine industry for sensor solutions...
October 10th, 2017 | Marine Equipment Products and Services, Mergers and Acquisitions, Technical, Technology | Read More

Capers down; Panamaxes up: a balancing act in an unending crisis…?

Capers down; Panamaxes up: a balancing act in an unending crisis…?
John Faraclas The BDI (Baltic Dry Index) was up just six point today at 1,411 proving once again our views AND not our fears – to make things clear, on how uncertain and without steam the Markets stand. Geopolitics on par with our past reporting: simply getting worse. John Faraclas’ daily recap: The...
October 9th, 2017 | Dry Bulkcarriers, Insight, Markets, Military, Oil Industry, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Shipping Heavyweights congregate in Limassol for Maritime Cyprus 2017

Shipping Heavyweights congregate in Limassol for Maritime Cyprus 2017
Kitack Lim, Secretary General of the International Maritime Organization Highlights from speeches and panel sessions on day one of the conference CYPRUS, October 9, 2017: today marked the opening of the internationally renowned “Maritime Cyprus 2017” Conference at the “Evagoras Lanitis Centre”...
October 9th, 2017 | Conferences, Seminars, Forums, Environment, Markets, News | Read More

Our Ocean: Arctic Commitment Seeks Partners on Heavy Fuel Oil Ban

Our Ocean: Arctic Commitment Seeks Partners on Heavy Fuel Oil Ban
Malta, October 9th, 2017:-  The Our Ocean conference in Malta was the venue for the launch of an an international initiative to end use of heavy fuel oil (HFO) by Arctic shipping. On Friday, October 6th, as one of the ambitious commitments made during the conference, the Our Ocean Arctic Commitment...
October 9th, 2017 | Arctic Shipping, Associations, Climate, Communication, Emissions, Environment, Events, Conferences,Forums and Symposiums, Oceanology, Oil Spill, Pollution | Read More

YSA Design vision for fast-changing cruise market

YSA Design vision for fast-changing cruise market
The World Stage theatre on board Holland America Line’s Koningsdam was a recent landmark for YSA Design. With its two-story, 270-degree wraparound LED video canvas and reconfigurable central stage, the theatre is unique in the cruise industry Strong design vision and comprehensive project management...
October 9th, 2017 | Communication, Cruise Industry, Holidays, Marine Equipment Products and Services, Maritime Tourism | Read More

Breakthrough order for ABB Azipod® propulsion with Chinese-built Viking Line cruise ferry

Breakthrough order for ABB Azipod® propulsion with Chinese-built Viking Line cruise ferry
New Viking Line cruise ferry ABB to provide  Azipod propulsion system  for new Viking Line cruise ferry to be built in China, the first installation of Azipod propulsion in a cruise-ferry application. The vessel is to be built by Xiamen Shipbuilding Industry co., Ltd. Additional scope of ABB’s supply...
October 9th, 2017 | Cruise Industry, Marine Equipment Products and Services, Markets, Shipbuilding and Shipyards | Read More

Bureau Veritas meets industry needs with the release of new rules for FSRUs

Bureau Veritas meets industry needs with the release of new rules for FSRUs
FSRU Experience, Courtesy of Exmar Provision made for ‘pure’ FSRUs and units needing flexibility to trade as LNG carriers Neuilly-sur-Seine, France, October 9th, 2017 –  Bureau Veritas has now published a new Rule (NR645) for the classification of Floating Storage and Regasification Units (FSRUs)...
October 9th, 2017 | Classification Societies, LNG, News, Regulatory, Shipmanagement | Read More

Daily Overview of Global Markets & the SEE Region (Monday, October 09, 2017)

Daily Overview of Global Markets & the SEE Region (Monday, October 09, 2017)
Dr. Platon , Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A., HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GREECE: According to press reports, the preparatory work of the technical staff of the institutions (EC/ESM/ECB/IMF) has so far revealed that only 2o...
October 9th, 2017 | Banking, Company Profiles, Finance, Markets, News, Person Profiles, Reports, Shipfinance, Statistics, Stock Markets | Read More

Hot Port News from GAC

Hot Port News from GAC
  08-Oct-2017 FIRE IN TANK AT OIL TERMINAL Mumbai, India Fire in tank at oil terminal Sunday, October 8, 2017, Mumbai, India Vessel traffic in Mumbai Port continues to be disrupted following a fire started by a lightning strike out in a tank at Jawahar Dweep oil terminal on...
October 8th, 2017 | Emissions, Maritime Accidents, Markets, Oil Industry, Port Conditions, Ports & Terminals, Safety and Security | Read More

Sale of LNG/C Excel

Sale of LNG/C  Excel
The LNG/C “Exmar” EXMAR is pleased to announce the sale of the LNG carrier EXCEL (138,107 m³ – 2003 built). EXCEL has been delivered to its new owners on 6th of October 2017. The net cash proceeds realized by EXMAR for its 50% share in the joint venture will be approximately USD 23,0...
October 8th, 2017 | LNG, Sales and Purchases, Stock Markets | Read More

The BDI@1,405: a controlled correction…?

The BDI@1,405: a controlled correction…?
John Faraclas The BDI (Baltic Dry Index) and in general the markets do not surprise us at all with their performance and behaviour so far needless to say their volatility; the Geopolitics are so perplexed and enigmatic that either you consult …the oracle or use your own shipping business intuition...
October 6th, 2017 | Chartering, Conferences, Seminars, Forums, Containers, Dry Bulkcarriers, Events, Markets, Military, Oil Industry, Organisations, Piracy and Terrorism, Politics and Government, Ports & Terminals, Reefer Containers, Reefer ships, Reports, Sales and Purchases, Ship Demolitions, Ship Finance, Shipbuilding and Shipyards, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Thome Wins Dry Bulk Operator Award

Thome Wins Dry Bulk Operator Award
l to r: Sverre Ditlev Simonsen, Director, Business Development, and Sean Hutchings, Chief Technical Officer for the Thome Group The Thome Group is proud to announce that it has won the dry bulk operator award at an event organised by Safety4Sea on 3rd October 2017. The award went to the ship operator...
October 6th, 2017 | Awards, Corporate Social Responsibility, Dry Bulkcarriers, Environment, Events, Conferences,Forums and Symposiums, Health and Safety, Safety and Security, Shipmanagement | Read More

BIMCO SUPPLYTIME 2017: A modern update to an established form

BIMCO SUPPLYTIME 2017: A modern update to an established form
SUPPLYTIME 2005, the standard form of charterparty for offshore vessels, has undergone an update to modernise and improve the form. At first glance, the revised 2017 form is very similar to its predecessor; however, it contains some important changes, some of which are more apparent than others. The...
October 6th, 2017 | BIMCO, Chartering, Legal | Read More

IMO’s Secretary-General Kitak Lim interview with PortNews

IMO’s Secretary-General Kitak Lim interview with PortNews
IMO’s Secretary-General Kitak Lim In his exclusive interview with IAA PortNews in Moscow, IMO Secretary-General Kitack Lim covered a wide range of IMO activities: fuel and environmental regulations, Polar Code, autonomous ships, cybersecurity, and many others:  – What is your first impression...
October 6th, 2017 | Arctic Shipping, Emissions, Energy, Environment, Flags, IMO, Interviews, News, Organisations, People and Places, Press and Media | Read More

Daily Overview of Global Markets & the SEE Region (Friday, October 6, 2017)

Daily Overview of Global Markets & the SEE Region (Friday, October 6, 2017)
Dr. Platon , Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A., HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Spanish government bonds were firmer in European trade on Friday on news that the Spanish Constitutional Court suspended the Catalan...
October 6th, 2017 | Banking, Company Profiles, Finance, Markets, News, Person Profiles, Reports, Shipfinance, Statistics, Stock Markets | Read More

The Board of Oslo Børs approves Webstep for listing

The Board of Oslo Børs approves Webstep for listing
06/10/2017 – At its meeting on 6 October 2017, the Board of Oslo Børs resolved to admit the shares in Webstep ASA to listing on Oslo Børs. The company must satisfy the listing requirements for Oslo Børs prior to the first day of listing. The Chief Executive Officer is authorized to fix the...
October 6th, 2017 | Markets, Stock Markets | Read More

Countering Volatility with the BDI@1,382

Countering Volatility with the BDI@1,382
John Faraclas The BDI (Baltic Dry Index) gained an unprecedented – for the period and time we go through, 62 points plus and now reads 1,382 points, thanks to the as ever volatile Capers who managed to …sky-rock today with 221 points. Geopolitics continue to deteriorate and as many ostracize,...
October 5th, 2017 | Conferences, Seminars, Forums, Dry Bulkcarriers, Energy, Environment, Markets, News, Reports, Ship Demolitions, Shipfinance, Shipping Indices, Stock Markets, Tankers, WISTA - Women in Shipping | Read More

This Year’s Innovation in Safety Award Goes to …. Hapag Lloyd

This Year’s Innovation in Safety Award Goes to …. Hapag Lloyd
(l-r) Peregrine Storrs-Fox, Risk Management Director, TT Club; Ken Rohlmann, Senior Director Cargo Service, Hapag-Lloyd (Winner: Hapag-Lloyd Cargo Patrol) ; Joseph Westwood Booth, IMO’s Senior Deputy Director, Maritime Safety The TT Club Innovation in Safety Award was presented earlier this week to...
October 5th, 2017 | Anniversaries, Awards, Company Profiles, Health and Safety, HR, Liner Shipping and Trade, Markets, P and I Clubs, Safety and Security | Read More

St Helena Line to withdraw RMS St Helena from service and seeks buyer for vessel

St Helena Line to withdraw RMS St Helena from service and seeks buyer for vessel
The RMS “St Helena” St Helena Line has announced today, (Thursday 5th October 2017), that it is to withdraw the Passenger Cargo Royal Mail Ship St Helena (RMS) from service in February 2018 and has appointed London ship broker CW Kellock & Co Ltd to handle her sale. Operated...
October 5th, 2017 | Company Profiles, Sales and Purchases, Trade and Commerce | Read More

Diana Containerships Inc. announces agreement to sell up to seven vessels

Diana Containerships Inc. announces agreement to sell up to seven vessels
ATHENS, GREECE, October 5, 2017 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that it has entered into an agreement to sell up to seven of its containership vessels for an aggregate purchase...
October 5th, 2017 | Containers, Sales and Purchases, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Thursday, October 05, 2017)

Daily Overview of Global Markets & the SEE Region (Thursday, October 05, 2017)
Dr. Platon , Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A., HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Tensions between Madrid and Catalonia are escalating. According to comments by Catalan president Carles Puigdemont yesterday, the Catalan...
October 5th, 2017 | Banking, Company Profiles, Conferences, Seminars, Forums, Finance, Markets, News, Person Profiles, Reports, Shipfinance, Statistics, Stock Markets | Read More

The BDI in search for survival…

The BDI in search for survival…
John Faraclas The BDI (Baltic Dry Index)  with a dozen points plus fights for survival; but everything is possible. Geopolitics are on the worse ever point and for sure will affect the Markets, Dry and Wets. John Faraclas’ midweek briefing: With a dozen points at 1,320, following the recent 200 point...
October 4th, 2017 | Conferences, Seminars, Forums, Dry Bulkcarriers, Markets, News, Politics and Government, Reports, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Interferry conference to spotlight issues with bottom line benefits

Interferry conference to spotlight issues with bottom line benefits
Mike Corrigan Trade association Interferry stages its 42nd annual conference in Split, Croatia, next month with an agenda highlighting the income and savings potential in three key areas – the customer experience, ship technologies and safety issues including cybersecurity. The event runs from October...
October 4th, 2017 | Associations, Cruise Ferry, Events, Conferences,Forums and Symposiums, Holidays, Markets, Ro-Ro and Passenger Ferries | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, October 4, 2017)

Daily Overview of Global Markets & the SEE Region (Wednesday, October 4, 2017)
Dr. Platon , Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A., HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Negotiations between the major political parties in Spain on how to jointly handle the Catalonian crisis continue. In the meantime, the...
October 4th, 2017 | Banking, Company Profiles, Finance, Markets, News, Person Profiles, Reports, Shipfinance, Statistics, Stock Markets | Read More

Wärtsilä to acquire Puregas Solutions

Wärtsilä to acquire Puregas Solutions
Wärtsilä Corporation,4 October 2017 at 9.30 am EEST –  The technology group Wärtsilä has reached an agreement to acquire Puregas Solutions, the Sweden based provider of turnkey biogas upgrading solutions. Puregas is a leading player in its field with subsidiary companies in Germany, Denmark,...
October 4th, 2017 | Alternative Sources of Energy, Energy, Markets, Mergers and Acquisitions | Read More