Archive for the ‘Breaking News’ Category

PORT ALERT: 15 July 2015 – Bosphorus Strait further closure

PORT ALERT: 15 July 2015 – Bosphorus Strait further closure
14/7/2015 – 15 July 2015 – Bosphorus Strait further closure Inchcape Shipping Services (ISS) is advising that the Bosphorus Strait in Turkey will be closed in both directions on 15 July between 07:00-14:00 approximately due to the ongoing construction works on the Yavuz Sultan Selim Bridge...
July 14th, 2015 | Breaking News, Canals, Port Conditions, Ports & Terminals | Read More

Update on port operations in Greece

Update on port operations in Greece
Inchcape Shipping Services (ISS) is advising the following details on the current capital controls and potential effects on operations in Greece. The capital controls enforced by the Greek Government on 28th June are continuing: –  All Greek Banks are currently closed until Tuesday 7th July. –...
July 1st, 2015 | Associations, Breaking News, Marine Equipment Products and Services, Organisations, Politics and Government, Port Conditions, Ports & Terminals, Regulatory, Ship Agencies | Read More

United Greeks overwhelming wish to remain in Europe

United Greeks overwhelming wish to remain in Europe
Earlier on tonight at Athens’ Constitution Square thousands of Greeks defying an unprecedented rain, made their voice heard by saying: We want to remain in Europe. John Faraclas with the Athenian All About Shipping team was there: Speeches were delivered and the most powerful one come from the mayor...
June 30th, 2015 | Associations, Breaking News, European Union, Organisations, Politics and Government | Read More

Bank holiday in Greece: Restrictions on bank transactions envisaged in the respective legislative act (29 June, 2015

Bank holiday in Greece: Restrictions on bank transactions envisaged in the respective legislative act (29 June, 2015
Greece Macro Monitor (29 June 2015) Bank holiday in Greece Restrictions on bank transactions envisaged in the respective legislative act Viewers can read the full report herebelow: GREECE MACRO FOCUS June 29 2015
June 29th, 2015 | Associations, Banking, Breaking News, Company Profiles, Cruise Ferry, Finance, Holidays, Maritime Tourism, Markets, Tourism | Read More

Daily Overview of Global Markets & the SEE Region (Monday, June 29, 2015)

Daily Overview of Global Markets & the SEE Region (Monday, June 29, 2015)
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: European bourses were significantly lower in early trade on Monday, following the Greek government’s announcement for imposition of...
June 29th, 2015 | Associations, Banking, Breaking News, Company Profiles, Energy, European Union, Finance, Markets, Person Profiles, Politics and Government, Reports, Statistics, Stock Markets | Read More

Greece: an undemocratic referendum ante portas

Greece: an undemocratic referendum ante portas
Upon my landing at Herakleion  Airport in Crete on my way to Athens, I was advised by the authorities there on the announcement  that Greece’s prime minister opted for Sunday the 5th of July on a referendum following yet another “deadlock” of the talks with his European counterparts. John Faraclas...
June 27th, 2015 | Breaking News, European Union, Organisations | Read More

Daily Overview of Global Markets & the SEE Region (Friday, June 26, 2015)

Daily Overview of Global Markets & the SEE Region (Friday, June 26, 2015)
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Market uncertainty on Greece prevails with technical talks between the two sides continuing today, ahead of Saturday’s extraordinary...
June 26th, 2015 | Associations, Banking, Breaking News, Company Profiles, Energy, European Union, Finance, Markets, Person Profiles, Politics and Government, Reports, Shipfinance, Statistics, Stock Markets | Read More

Greeks demonstrate to remain in Europe

Greeks demonstrate to remain in Europe
Yes to Europe- picture credits Prof. Manolis Kavussanos At last!!! Thousands of Greeks, basically Athenians, gathered tonight at Constitution Square to declare their support for their country to remain in the EURO and Europe. It was an almost spontaneous demonstration, a very successful and peaceful...
June 18th, 2015 | Breaking News, European Union, Politics and Government | Read More

Give Greece a chance Mr Tsipras!

Give Greece a chance Mr Tsipras!
Whatever you read or hear in the media these days with respect  to the  Greek saga, is a part of one of the world’s biggest,  well orchestrated scams for over two thousand years. It is the mass media and in particular the media moguls who both having the backing of the masters of the geopolitical...
June 14th, 2015 | Breaking News, European Union, Organisations, Politics and Government, UN | Read More

Cameron lift the Tories!!!

Cameron lift the Tories!!!
The campaign paid off! (picture by Anny Zade) Conservatives win the United Kingdom’s General election! John Faraclas writes: It might be a signal for a big change in the United Kingdom and Europe after David Cameron scored higher than most predicted! A night of suspense! End for Ed(?); we shall...
May 8th, 2015 | Associations, Breaking News, Events, People and Places, Politics and Government | Read More

Merchant Shipping Industry Repeats Call for Urgent and Immediate Collective Action by EU Member States

Merchant Shipping Industry Repeats Call for Urgent and Immediate Collective Action by EU Member States
Patrick Verhoeven Following the meeting of EU Foreign and Interior Ministers in Luxembourg yesterday (20 April) the European and global shipping industries have welcomed the increased attention that all EU Member States are giving to the humanitarian crisis in the Mediterranean. This includes the ‘10...
April 21st, 2015 | Associations, Breaking News, European Union, ILO, IMO, International Chamber of Shipping, Legal, Maritime Fraud, Organisations, Politics and Government | Read More

Thousands of lives will be lost in the Med unless EU…

Thousands of lives will be lost in the Med unless EU…
Large scale rescue -Picture credits: Stolt Tankers B.V. THOUSANDS OF LIVES WILL BE LOST IN THE MEDITERRANEAN UNLESS EU GOVERNMENTS TAKE URGENT ACTION,  SAY SHIPOWNER GROUPS AND SEAFARER UNIONS  European and global operators of merchant ships have joined forces with seafarers’ unions to urge EU Member...
April 8th, 2015 | Arrest of ships, Associations, BIMCO, Breaking News, Bribery and Corruption, Civil Unrest, Claims, Communication, Corporate Social Responsibility, Corruption, Defense, European Union, Featured, Health and Safety, HR, IACS, ILO, Immigration, IMO, Insurance and Reinsurance, Intercargo, Intermanager, International Chamber of Shipping, International Shipping Federation, Intertanko, ITF, Marine Insurance, Maritime Accidents, Maritime Fraud, Organisations, P and I Clubs, Piracy and Terrorism, Politics and Government, Pollution, Press and Media, Religion, Reports, Safety and Security, Sanctions, Seizures, UN | Read More

Boosting regional maritime security coordination in west and central Africa

Boosting regional maritime security coordination in west and central Africa
The IMO’s HQ’s in London 26/03/2015 A regional workshop organized by IMO, in cooperation with the Government of Angola, is being held in Luanda, Angola (24-27 March), to discuss the implementation of the Code of Conduct concerning the repression of piracy, armed robbery against ships and...
March 26th, 2015 | Breaking News, Bribery and Corruption, Conferences, Seminars, Forums, ILO, IMO, Legal, Marine Insurance, Maritime Accidents, Maritime Fraud, Maritime Fraud, Organisations, Piracy and Terrorism, Politics and Government, Ports & Terminals, Regulatory, Safety and Security, Sanctions, Seizures, Short Sea Shipping, Story of the Day, Trade and Commerce, UN | Read More

Hellenic Coast Guard seizes the “Zahra” on cigarette contraband case

Hellenic Coast Guard seizes the “Zahra” on cigarette contraband case
The “Zahra” seized in Crete In the early hours of this morning the Hellenic Coast Guard / Harbour Corps of Greece in Crete,  following an air, sea and land combined operation directed by the regional Hellenic Coast Guard Center in Herakleion, in a very remote rocky place at the Gulf of Messaras,...
March 16th, 2015 | Arrest of ships, Breaking News, Corruption, Events, Flags, HR, Legal, Maritime Fraud, Maritime Fraud, Military, Piracy and Terrorism, Politics and Government, Press and Media, Safety and Security, Seizures | Read More

Greece: Drachma Ante Portas…

Greece: Drachma Ante Portas…
Dr. Andreas Koutras Drachma Ante Portas. How it can be done. by Andreas Koutras Any decision, Euro or Drachma has its winners and losers. The way either solution is implemented would define the proportion and the section of the Greek society from which they would come. As much as the Greek government...
March 16th, 2015 | Academia, Associations, Banking, Breaking News, Comment, Communication, Consulting, Corporate Social Responsibility, European Union, Holidays, HR, Labour Disputes, Person Profiles, Politics and Government, Press and Media, Reports, Stock Markets, Trade and Commerce | Read More

UN agencies meet to address unsafe mixed migration by sea

UN agencies meet to address unsafe mixed migration by sea
United Nations agencies are meeting in London today (Wednesday, 4 March) to discuss concerted ways to address the high numbers of lives being lost at sea in unsafe craft, particularly in the Mediterranean Sea, where hundreds of people are reported to have died in recent weeks alone on dangerous and unregulated...
March 4th, 2015 | Associations, Breaking News, European Union, Flags, ILO, IMO, Organisations, Politics and Government, UN | Read More

Greece: what next…

Greece: what next…
John Faraclas WITHOUT PREJUDICE Greece: what next… I am sure you all know about the Mutiny on the Bounty, and many of you have seen the 1962 film… Now we see the Mutiny on SYRIZA following a statement by Manoli Glezos, a SYRIZA MEP at 91 years old and a hero of Greek Resistance during World War II....
February 23rd, 2015 | Banking, Breaking News, Bribery and Corruption, Comment, Communication, Corruption, Insight, Markets, Mergers and Acquisitions, Organisations, Politics and Government, Shipping Centers, Statistics, Stock Markets, Trade and Commerce, UN | Read More

The Year of the Ship…err the Sheep has something to offer:…a plus two for the ailing BDI…

The Year of the Ship…err the Sheep has something to offer:…a plus two for the ailing BDI…
London – The Baltic Exchange At least from what they say things should start to calm down during the Year of the Sheep. Friendlier people, diplomatic success in resolving issues, calmer situations following the Arab Spring; better weather and the markets might get better. We shall see, as if the...
February 19th, 2015 | Alternative Sources of Energy, Associations, Breaking News, Chartering, Containers, Dry Bulkcarriers, Energy, Environment, Events, Holidays, HR, Liner Shipping and Trade, Markets, Oil Industry, Oil Platforms and Rigs, Religion, Statistics, Stock Markets, Trade and Commerce | Read More

DNV GL welcomes MSC Oscar, world’s largest boxship, to fleet

DNV GL welcomes MSC Oscar, world’s largest boxship, to fleet
MSC Oscar at seatrial Hamburg, 19th February 2015 – The world’s leading ship and offshore classification society DNV GL welcomes the world’s largest containership into class – the MSC Oscar. Delivered by Daewoo Shipbuilding & Marine Engineering (DSME) in Geoje, South Korea,  in January...
February 19th, 2015 | Breaking News, Classification Societies, Container shipping, Containers, Marine Equipment Products and Services, Shipbuilding and Shipyards, Technical, Technology | Read More

Caution: Another record low for the BDI now standing at 509…

Caution: Another record low for the BDI now standing at 509…
Deep down my heart and conscience I am pleased with this outcome of the destruction of the dry and wet markets, as the perpetual euphoria some years ago  (11, 793 points in May 2008), created this upheaval which on the other hand is a promising sign for new ventures, investment and new beginnings! John...
February 18th, 2015 | Arctic Shipping, Associations, Breaking News, Containers, Dry Bulkcarriers, Energy, Gas, Gas Carriers, Liner Shipping and Trade, Markets, Oil Industry, Shipbuilding and Shipyards, Shipping Indices, Stock Markets, Tankers, Technical, Technology, Trade and Commerce | Read More

For the Record…the BDI down at 516 !

For the Record…the BDI down at 516 !
London – The Baltic Exchange Another record was “set” today and the Baltic Dry Index closed down at 516, six points lower than yesterday. John Faraclas writes: Many questions remain unanswered on the shipping markets and the situation in the industry so far; herebelow please find some of the...
February 17th, 2015 | Associations, Breaking News, Markets, Military, Shipping Indices, Statistics, Trade and Commerce | Read More

Greece and Europe: for whom the bell (really*) tools…

Greece and Europe: for whom the bell (really*) tools…
Greece’s new government continues suspense… Following one more inconclusive Eurogroup meeting earlier on yesterday,  it remains to be seen for whom really the bell tools. I guess Ernest Hemingway remind us part of the meditation (using Donne’s original spelling) in the book’s...
February 17th, 2015 | Associations, Breaking News, European Union, Organisations, Politics and Government | Read More

With the BDI at 540, investing in shipping now, does make sense!

With the BDI at 540, investing in shipping now, does make sense!
John Faraclas It probably sounds a bit odd but the truth of the matter is that investing in shipping now that the BDI is on a free fall (it was all along over the last 14 months) does make sense. Today’s minus 13 points it might be the lucky number – Agatha Christie knew best! John Faraclas writes:  With...
February 12th, 2015 | Academia, Associations, At the end of the day..., Aviation, Banking, Breaking News, Bribery and Corruption, Comment, Corruption, Finance, HR, Maritime Fraud, Military, Shipfinance, Shipping Indices | Read More

Shipping Markets hanging in the balance after the BDI’s 553 collapse

Shipping Markets hanging in the balance after the BDI’s 553 collapse
London – The Baltic Exchange No matter if the few from the hoi polloi feel they might …escape the total collapse and introduce a common chartering entity , the historical low of the BDI could work to the benefit of all. The reality is simple: the BDI is down to 553 points!  How many will sustain...
February 11th, 2015 | Breaking News, Dry Bulkcarriers, Fixtures, Markets, Shipping Indices, Statistics, Stock Markets, Trade and Commerce | Read More

ECB lifts eligibility waver on debt issued or guaranteed by the Hellenic Republic – assessment and implications (5 february 2015)

ECB lifts eligibility waver on debt issued or guaranteed by the Hellenic Republic – assessment and implications (5 february 2015)
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A ECB lifts eligibility waver on debt issued or guaranteed by the Hellenic Republic Implications for Greek banks and the state of ongoing negotiations with official lenders Viewers can read the full report herebelow: GREECE...
February 5th, 2015 | Associations, Banking, Breaking News, Company Profiles, Finance, Markets, Shipfinance, Stock Markets | Read More