Archive for the ‘News’ Category

Keel laid for the first of Damen’s revolutionary new FCS 7011 Crew Change

Keel laid for the first of Damen’s revolutionary new  FCS 7011 Crew Change
From the keel laid ceremony Keel laid for the first of Damen’s revolutionary new  FCS 7011 Crew Change Two and a half years on from the genesis of the FCS 7011 concept in response to extensive feedback from the offshore energy sector, the build of the first of this revolutionary design has begun...
June 24th, 2019 | News | Read More

WISTA Cyprus host annual dinner on “The Sands”

WISTA Cyprus host annual dinner on “The Sands”
Mrs. Koula Louca, Ms Tassoula Tsakania, Mrs Helen Joannou Chrysostomou, Mrs Natasa Pilides, Mrs Anna Vourgos, Mrs Uta Steffen, Mrs Natalia Bury and Ms Gina Panagiotou. Photo credits: Konstantinos Georgiou Photography WISTA Cyprus host annual dinner on “The Sands” WISTA Cyprus (Women’s International...
June 23rd, 2019 | Anniversaries, Events, WISTA - Women in Shipping | Read More

A Capes’ market lifting the BDI@1,239

A Capes’ market lifting the BDI@1,239
John Faraclas A Capes’ market lifting the BDI@1,239 The BDI (Baltic Dry Index) gained 45 points earlier on today following a good triple-digit success by the Capes’ 198 and now stands at 1,239 points, over and above the 1,200 threshold. On a weekly basis the BDI was up 154 points – from 1,085 last...
June 21st, 2019 | Markets, Military, News, Reports, Sanctions | Read More

Cutting Edge: Modernist British Printmaking on show at Dulwich Picture Gallery

Cutting Edge: Modernist British Printmaking on show at Dulwich Picture Gallery
The Tube Station, by Cyril Power. Cutting Edge: Modernist British Printmaking on show at Dulwich Picture Gallery By James Brewer A wonderful surprise awaited Gordon Samuel in summer 1983 as he began stock-taking at the Redfern Gallery in Cork Street, London, where he was a director and partner. Opening...
June 21st, 2019 | Art and auctions, Exhibitions | Read More

Aleksey Rakhmanov: “Hydrographic knowledge ensures safe shipping”

Aleksey Rakhmanov: “Hydrographic knowledge ensures safe shipping”
Aleksey Rakhmanov Aleksey Rakhmanov: “Hydrographic knowledge ensures safe shipping” In his interview with IAA PortNews on the World Hydrography Day, Aleksey Rakhmanov, President of United Shipbuilding Corporation, tells about ‘blue economy’, hydrographic science, construction of the research...
June 21st, 2019 | Interviews, Shipbuilding and Shipyards | Read More

BIMCO: Crude oil tanker freight rates from the Arabian Gulf to China doubles on the back of tanker attacks

BIMCO: Crude oil tanker freight rates from the Arabian Gulf to China doubles on the back of tanker attacks
Peter Sand Crude oil tanker freight rates from the Arabian Gulf to China doubles on the back of tanker attacks VLCC spot freight rates between the Arabian Gulf and China rose 101% in the days between 13 June 2019 and 20 June 2019, in the aftermath of attacks on two tankers in the Strait of Hormuz. Spot...
June 21st, 2019 | BIMCO, Canals, Military, News, Piracy and Terrorism, Tankers, Trade and Commerce | Read More

West of England P&I Club looks to the future with a fresh new image

West of England P&I Club looks to the future with a fresh new image
Tom Bowsher, WOE’s Global CEO West of England P&I Club looks to the future with a fresh new image The West of England P&I, a leading A-rated mutual marine insurer, is launching a new brand identity which looks ahead to an exciting future while continuing to adhere to the values and ethos...
June 20th, 2019 | Communication, Company Profiles, News, P and I Clubs | Read More

North P&I Club Hosts Inaugural Americas Reception In New York

North P&I Club Hosts Inaugural Americas Reception In New York
(Left to right): Ian Duthie, North P&I Director (Americas); Thya Kathiravel, North P&I Chief Underwriting Officer; Philip Shapiro, North P&I Member Board Director and President & CEO of Liberty Maritime Corporation; Peter Winkley, North P&I Member Board Director and Chief Financial...
June 20th, 2019 | Events, Marine Insurance, P and I Clubs | Read More

Bumpy ride for UK PM candidate, Brexit and the future of the Conservative party

Bumpy ride for UK PM candidate, Brexit and the future of the Conservative party
Boris Johnson Bumpy ride for UK PM candidate, Brexit and the future of the Conservative party Commentary: Bumpy ride for UK PM candidate By Meghnad Desai and David Marsh in London Britain is trying to resolve its problem over leaving the European Union through a further round of the Conservative party’s...
June 20th, 2019 | European Union, News, Politics and Government | Read More

Capes lift the BDI amid mega Geopolitical mayhem

Capes lift the BDI amid mega Geopolitical mayhem
John Faraclas Capes lift the BDI amid mega Geopolitical mayhem The BDI (Baltic Dry Index)   gained 44 points and now stands at 1,179; the Geopolitical mess continues. John Faraclas’ brief daily recap: The Capes’ BCI went over and above the 2,000 point threshold at 2,051, that’s a good plus...
June 19th, 2019 | Conferences, Seminars, Forums, Markets, News, Reports, Sales and Purchases, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Burgess and the Mission to Seafarers team up to support superyacht crews

Burgess and the Mission to Seafarers team up to support superyacht crews
Ken Wiseman, project lead and Cyprus chaplain for The Mission to Seafarers (front right), Karen Martensen, charter manager and broker, Burgess (back left), Andrea Peluffo, brokerage assistant in Palma, Burgess (back right). Burgess and the Mission to Seafarers team up to support superyacht crews Initial...
June 19th, 2019 | Charity, Chartering, Health and Safety, Holidays, HR, Manning - Seafarers and Offshore, Maritime Tourism, News, Safety and Security, Sailing, Yachting | Read More

Fed to signal imminent rate cuts, Financial market manipulation and regulatory reform

Fed to signal imminent rate cuts, Financial market manipulation and regulatory reform
Fed to signal imminent rate cuts, Financial market manipulation and regulatory reform Commentary: Fed to signal imminent rate cuts By James Knightley in London Concerns about the implications of President Donald Trump’s willingness to use trade tariffs in disputes mean downside risks to US growth...
June 19th, 2019 | Banking, Comment, Conferences, Seminars, Forums, Finance, News | Read More

Volatile Capes’ triple-digit surge “boosts” the dry market

Volatile Capes’ triple-digit surge “boosts” the dry market
John Faraclas Volatile Capes’ triple-digit surge “boosts” the dry market The BDI (Baltic Dry Index) gained 42 points and now stands at 1,135 points thanks to the as ever volatile Capes… The Geopolitics remain more than crucial… with asymmetrical events to happen anytime now… John Faraclas’...
June 18th, 2019 | European Union, Insight, Military, News, Piracy and Terrorism, Politics and Government, Shipping Indices, Statistics, Stock Markets, Tankers, Tourism, Trade and Commerce | Read More

Varanasi: An unforgettable journey with photographer Margarita Mavromichalis

Varanasi: An unforgettable journey with photographer Margarita Mavromichalis
Margarita Mavromichalis. Varanasi: An unforgettable journey with photographer Margarita Mavromichalis  By James Brewer  Every January, photographer Margarita Mavromichalis “immerses” herself in the sacred Ganges. While thousands of pilgrims are wallowing in the less-than-healthy water to perform...
June 18th, 2019 | Art and auctions, Events, Exhibitions, Photography | Read More

World’s maritime search and rescue experts gather in Vancouver

World’s maritime search and rescue experts gather in Vancouver
Theresa Crossley, CEO IMRF World’s maritime search and rescue experts gather in Vancouver Some of the world’s leading maritime search and rescue experts will be meeting in Vancouver, Canada to share knowledge and improve their skills this weekend (15-18 June). Every year around 360,000 people...
June 14th, 2019 | Associations, Conferences, Seminars, Forums, Health and Safety, Safety and Security | Read More

IMO Secretary-General speaks out on suspected tanker attacks

IMO Secretary-General speaks out on suspected tanker attacks
IMO’s Secretary-General Kitack Lim International Maritime Organization – 13 June 2019, 15:56 BST IMO Secretary-General speaks out on suspected tanker attacks ​IMO Secretary-General Kitack Lim has condemned the suspected attacks on two tankers off the coast of Oman that occurred earlier...
June 13th, 2019 | IMO, News, Organisations, Politics and Government, UN | Read More

The outcomes of Poseidon Med II event in Limassol on 11th June 2019

The outcomes of Poseidon Med II event in Limassol on 11th June 2019
Snapshot from the Roundtable discussion (from left: Stella Fyfe, Bunkernet; Joseph Florentin, DESFA; Oleg Kalinin, SCF Management Services; Peter Wallace, Lavar Shipping; Antonis Trakakis, Arista Shipping; George Polychroniou, DEPA; Panayiotis Mitrou, Lloyd’s Register) The outcomes of Poseidon Med...
June 13th, 2019 | Bunkering, Classification Societies, Conferences, Seminars, Forums, LNG | Read More

China writing new interbank rules, OMFIF launches Global Public Investor 2019

China writing new interbank rules, OMFIF launches Global Public Investor 2019
China writing new interbank rules, OMFIF launches Global Public Investor 2019 Commentary: China writing new interbank rules By Herbert Poenisch in Beijing China’s commercial banks have struggled in the international arena. They are the biggest in the world, but must abide by rules written over...
June 13th, 2019 | Banking, Comment, Finance, Markets, Reports | Read More

Trump tariffs threaten world economy, Italy at a crossroads

Trump tariffs threaten world economy, Italy at a crossroads
USA’s president Donald Trump Trump tariffs threaten world economy, Italy at a crossroads Commentary: Trump tariffs threaten world economy By Desmond Lachman in Washington Donald Trump’s hard-line stance on the China trade issue could lead to a slowing in the world’s second largest economy....
June 12th, 2019 | Comment, Country Profiles, News, Reports, Trade and Commerce | Read More

Performance Shipping Inc., announces agreements to acquire two Aframax Tankes and US$ 10.0 million investment by its chairman

Performance Shipping Inc., announces agreements to acquire two Aframax Tankes and US$ 10.0 million investment by its chairman
.. Performance Shipping Inc., announces agreements to acquire two Aframax Tankes and US$ 10.0 million investment by its chairman     ATHENS, GREECE, June 11, 2019 – Performance Shipping Inc. (NASDAQ:DCIX), (the “Company”), today announced that it has agreed to acquire two entities, which have...
June 11th, 2019 | News, Sales and Purchases, Story of the Day, Tankers | Read More

LISCR appoints Humera Ahmed as VP of Legal and Business Development

LISCR appoints Humera Ahmed as VP of Legal and Business Development
Humera Ahmed LISCR appoints Humera Ahmed as VP of Legal and Business Development F Humera Ahmed has been appointed Vice-President of Legal and Business Development of the Liberian International Ship & Corporate Registry (LISCR), the US-based manager of the Liberian Registry. Mrs Ahmed brings to...
June 11th, 2019 | Company Profiles, Flags, HR, News, Person Profiles | Read More

ABS hosts ‘Empower Hour’ at Nor-Shipping to focus on the role of women within the maritime industry

ABS hosts ‘Empower Hour’ at Nor-Shipping to focus on the role of women within the maritime industry
Kirsi Tikka ABS hosts ‘Empower Hour’ at Nor-Shipping to focus on the role of women within the maritime industry Nor-Shipping 2019 saw ABS hold its first ‘Empower Hour’, an opportunity for women innovators to network and discuss trends in the maritime industry. The event was developed in support...
June 11th, 2019 | Classification Societies, Conferences, Seminars, Forums, Events, Exhibitions, HR, IMO, UN, WISTA - Women in Shipping | Read More

DNV GL AFI Platform – Tank capacity shows LNG a growing force in large vessel orders

DNV GL AFI Platform – Tank capacity shows LNG a growing force in large vessel orders
The AFI platform covers LNG, LPG and methanol, as well as emission reducing technologies such as scrubbers and batteries. DNV GL AFI Platform – Tank capacity shows LNG a growing force in large vessel orders Oslo, 7 June 2019: At DNV GL’s Nor-Shipping press flash, Martin Wold, head of the Alternative...
June 11th, 2019 | Bunkering, LNG, News, Shipbuilding and Shipyards | Read More

Powell revives talk of ‘Fed put’, The next decade of finance

Powell revives talk of ‘Fed put’, The next decade of finance
Jay Powell Powell revives talk of ‘Fed put’, The next decade of finance Commentary: Powell revives talk of ‘Fed put’ By Darrell Delamaide in Washington The Federal Reserve’s two-day Chicago conference at the start of June was supposed to be a quiet, semi-academic review...
June 11th, 2019 | Comment, Conferences, Seminars, Forums, Markets, Reports | Read More

Dry indices: All in the red… Wets; that’s the wonder…

Dry indices: All in the red… Wets; that’s the wonder…
John Faraclas Dry indices: All in the red… Wets; that’s the wonder… The BDI (Baltic Dry Index) following a stagnation during the last two days of the previous week, today lost 13 points and now stands at 1,125. Geopolitics still messy. CAUTION…. John Faraclas’ brief market recap: The...
June 10th, 2019 | Chartering, Dry Bulkcarriers, Markets, Military, News, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More