Archive for the ‘Breaking News’ Category

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

What it takes to cover Greece’s General Government financing shortfall in 2015 and beyond

What it takes to cover Greece’s General Government financing shortfall in 2015 and beyond
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A Greece Macro Monitor (4 February 2015) The attached note updates our recent analysis as regards interest and amortization payments falling due this year as well as projected General Government borrowing needs...
February 4th, 2015 | Associations, Banking, Breaking News, Finance, Markets, Shipfinance | Read More

The true cost of the BDI at 577…

The true cost of the BDI at 577…
How much does this 577 points of the BDI today and all other Baltic Indices affect the markets? Are the brokers to blame? Was their advice conned? Are the geopolitics that we owe this drop? What does this means to the Shipfinance world? How are the Funds reacting? Are bankruptcies looming in the background? How...
February 3rd, 2015 | Arctic Shipping, Breaking News, Energy, Markets, Shipfinance, Shipping Indices, Statistics, Stock Markets, Trade and Commerce | Read More

Midweek market blues continue with the BDI at 666 and 632…

Midweek market blues continue with the BDI at 666 and 632…
John Faraclas Indeed you read correct; the Baltic Dry Index continues its downwards course hitting a new record low at 632 – the last one being at 647. With the BDI yesterday at 666 points, knocking on sensitive “areas” –  as we all know the significance of this number, a subject of more...
January 29th, 2015 | Breaking News, Chartering, Containers, Dry Bulkcarriers, Fixtures, Markets, Oil Industry, Ship Finance, Shipping Indices | Read More

Bureau Veritas Marine appoints new marketing director

Bureau Veritas Marine appoints new marketing director
Paillette Palaiologou Leading international classification society Bureau Veritas has appointed Paillette Palaiologou as Marine Marketing & Sales Director within the Marine & Offshore Operating Group. She is tasked with defining and leading Bureau Veritas’ business development strategy and...
January 20th, 2015 | Associations, Breaking News, Classification Societies, Company Profiles, HR, People and Places, Person Profiles, Press and Media, Safety and Security | Read More

Charlie Hebdo: a vexed question needs an answer

Charlie Hebdo: a vexed question needs an answer
Over a million people, in an unprecedented turn out, took to the streets in Paris earlier this afternoon – and over two plus million all over France, together with 40 plus political leaders in a show of unity – and hopefully real solidarity, condemned what has happened. The marsh begun from the Place...
January 11th, 2015 | Breaking News, European Union, Military, Piracy and Terrorism, Politics and Government, Press and Media, Religion, Safety and Security | Read More

Turbine transfers vessel “Porth Dinllaen” helps save cruise ship passenger

Turbine transfers vessel “Porth Dinllaen” helps save cruise ship passenger
The “Porth Dinllaen” We all love a good news story, and the International Marine Contractors Association (IMCA) delights in hearing good news involving seafarers. “We have just received a splendid story via the National Workboat Association (an IMCA member) involving one of Turbine Transfers’...
January 11th, 2015 | Associations, Breaking News, Cruise Industry, Health and Safety, Safety and Security, Salvage, Towage, Wreck Removals, Technical, Technology | Read More

No end to the BDI fall unless something spectacular happens!

No end to the BDI fall unless something spectacular happens!
John Faraclas Our second weekly recapitulation of the markets and world geopolitics affecting same in 2015, tonight Friday the 9thof  January, with John Faraclas of AllAboutShipping in London. • The BDI closed earlier this afternoon at 709 points which is 15 points down since yesterday the 8th of...
January 9th, 2015 | Breaking News, Markets, Military, Piracy and Terrorism, Shipbuilding and Shipyards, Tourism | Read More

The Norman Atlantic – latest update

The Norman Atlantic – latest update
The Greek Ministry of Mercantile Marine Further to our last we are closely watching the developments from now on and wait to see what the criminal investigation will bring to light. Italy, Greece – in principal, and Albania should cooperate in full together with the countries which had citizens on...
December 30th, 2014 | Associations, Breaking News, Earthquakes, Tsunamis, Cyclones and Typhoons, Environment, Health and Safety, HR, Logistics, Maritime Accidents, Safety and Security, Salvage, Towage, Wreck Removals | Read More

Greece: Crucifying Stavros Dimas opens the Pandoras’ Box…

Greece: Crucifying Stavros Dimas opens the Pandoras’ Box…
Greece’s parliament building Rejecting the only candidate and calling a snap election will only make things worse in Greece, its periphery, Eurozone, Europe and the world at large… Those MPs though who preferred to express their ego and put same before Greece’s national interest will fail too...
December 29th, 2014 | Associations, Breaking News, European Union, Politics and Government, Stock Markets | Read More

The “Norman Atlantic” rescue operation still under way

The “Norman Atlantic” rescue operation still under way
The Greek Ministry of Mercantile Marine Maritime Accidents will always happen. The Norman Atlantic, a roro car ferry with nearly 420 passengers, 56 crew members and  222 vehicles, en route to the Italian port of Ancona from Igoumenitsa in Greece, under severe weather conditions in south Adriatic sea,...
December 28th, 2014 | Breaking News, Earthquakes, Tsunamis, Cyclones and Typhoons, Health and Safety, Marine Insurance, Maritime Accidents, Safety and Security, Salvage, Towage, Wreck Removals | Read More

Greece: what next!

Greece: what next!
Greece’s parliament building Greece: the die is cast; responsibility for the latest political disaster, and what will surface, rests with all! In a few hours a crucial voting takes place in Greece’s parliament  to elect the proposed president  that the current ruling coalition has put forward....
December 28th, 2014 | Breaking News, Comment, News, Politics and Government | Read More

Greek Presidential Vote Update

Greek Presidential Vote Update
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A Greece Macro Monitor (18 December 2014) Greek Presidential Vote Update The outcome of the first vote in Greek Parliament for the election of a new President of the Hellenic Republic was worse than expected...
December 18th, 2014 | Associations, Breaking News, Comment, Markets, Politics and Government, Seizures, Stock Markets | Read More

Greece: good politicians are in short supply…

Greece: good politicians are in short supply…
John Faraclas outside the Greek Parliament: Watch this space… Over the last forty years the nation which gave the world for three millennia great orators, politicians and business champions – particularly in the shipping front, as well as an inheritance of politics – needless to say a classicic...
December 17th, 2014 | At the end of the day..., Breaking News, Bribery and Corruption, Politics and Government | Read More

ITCM Greece – Xmas Party Time, the Greek Way

ITCM Greece – Xmas Party Time, the Greek Way
Dr. Andreas Koutras   Background Everyone was expecting Greece to have a rocky time sometime in 2015 possibly 2016. Not so much because of the financial or fiscal situation but because of the quality of the Greek political system. Let’s recap what has happened. Samaras the Greek PM was in the...
December 16th, 2014 | Banking, Breaking News, Comment, HR, Markets, People and Places, Politics and Government | Read More

Greece : taking stock of recent political developments (Decemember 10, 2014)

Greece : taking stock of recent political developments (Decemember 10, 2014)
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A Greece Macro Monitor Greece : taking stock of recent political developments This is the latest for Greece from EUROBANK’s Dr. Platon Monokrousos. Viewers can log herebelow and read the entire analysis....
December 10th, 2014 | Associations, Banking, Breaking News, Country Profiles, Finance, HR, Markets, News, Reports, Stock Markets | Read More

A WOMAN Secretary-General for the IMO!

A WOMAN Secretary-General for the IMO!
Anny Zade A WOMAN Secretary-General for the IMO! By Anny Zade* After the successful  WISTA (Women’s International Shipping & Trading Association) AGM & Conference in Cyprus earlier this month, the splendid performance there of Despina Panayiotou Theodosiou and the WISTA Cyprus women as well...
October 28th, 2014 | Associations, Breaking News, IMO, Organisations, Politics and Government, WISTA - Women in Shipping | Read More

Statement: Port of Dover preparedness for Ebola

Statement: Port of Dover preparedness for Ebola
17th October 2014 STATEMENT: PORT OF DOVER PREPAREDNESS FOR EBOLA The recent decision by the Government to screen for Ebola at certain major UK gateways is a direct response to the current crisis in West Africa. Whilst the Government says the risk to the UK is very low, the Port of Dover will support...
October 17th, 2014 | Associations, Breaking News, Health and Safety, Medical, Port Conditions, Ports & Terminals | Read More

Daily Overview of Global Markets & the SEE Region (13 October 2014)

Daily Overview of Global Markets & the SEE Region (13 October 2014)
Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Market concerns about the sustainability of the global economic recovery prevail, pushing the majority of Asian equity markets lower on...
October 13th, 2014 | Banking, Breaking News, European Union, Finance, Markets, News, Politics and Government, Reports, Statistics, Stock Markets | Read More

Compliance with sanctions…

Compliance with sanctions…
Richard Tauwhare Compliance with sanctions: IUA hears of the challenge for insurers,  By James Brewer It is costly for businesses and insurers to get things wrong when faced with the growing raft of political and economic sanctions imposed on nations and individuals. “It is also costly to get it right,...
September 15th, 2014 | Associations, Breaking News, European Union, IUA, Military, Organisations, Politics and Government, Sanctions, Trade and Commerce | Read More

Bureau Veritas classed fleet passes 100 million gross tons

Bureau Veritas classed fleet passes 100 million gross tons
Philippe Donche-Gay Strong growth in the numbers of ships being transferred into BV class has pushed the Bureau Veritas classed fleet past the 100 million gross tonnes milestone. At the end of the first half of 2014 BV classed 10, 700 ships totalling over 100 m gt. Philippe Donche-Gay, Executive Vice...
September 5th, 2014 | Breaking News, Classification Societies, People and Places | Read More