Archive for the ‘News’ Category
OMFIF – new speakers to discuss central bank gender diversity

OMFIF is pleased to announce two new speakers joining the panel to discuss the 2019 Gender Balance Index and how to encourage diversity in the traditionally male-dominated financial sector:
Martin Taylor, member of the financial policy committee, Bank of England
Caitlin Kraft-Buchman, founder...
February 11th, 2019 | Banking, Conferences, Seminars, Forums, HR | Read More
Unforgettable Mrs Niki Goulandris…

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Unforgettable Mrs Niki Goulandris, we thank you for everything you have contributed for the protection of the environment in our country.
With great sorrow we were informed of the passing away of Niki Goulandris. Τhe Museum of Natural History will remind us all, in the years to come, of her...
February 11th, 2019 | Charity, Environment, Maritime Art, Maritime History and Museums, News, Obituaries, Paintings and Sculpture, Photography | Read More
Curator Line Clausen Pedersen embarks on new dream projects after 10 years at top Danish museum

Line Clausen Pedersen with Degas bronzes, photo by Ana Cecilia Gonzalez, Glyptotek.
Curator Line Clausen Pedersen embarks on new dream projects after 10 years at top Danish museum
By James Brewer
One of Europe’s most imaginative fine art curators, Line Clausen Pedersen, has begun 2019 with a career...
February 9th, 2019 | Art and auctions, Exhibitions, Insight, News, Paintings and Sculpture, People and Places, Story of the Month | Read More
The BDI@601; enough to buy a pair of jeans…

John Faraclas
The BDI (Baltic Dry Index) ended the week down to 601 points – minus nine points since yesterday and 44 since last week’s closing when the BDI stood at 645 points. Geopolitics in total disarray. John Faraclas’ daily and weekly recaps:
The Capes despite a “stabilization” continue...
February 8th, 2019 | Chartering, Dry Bulkcarriers, Emissions, Environment, Markets, Military, News, Oil Industry, Pollution, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More
Vietnamese Art: between Asia and the Western World

Dr. Kanellos Charalambous with Dr. Maray Georgousis
Vietnamese Art: between Asia and the Western World
by Maray Georgousis, Dr. Art Historian*
Modern Vietnamese art inherits rich elements from a culturally diversified past. Starting with the world-known bronze drums and impressive artilleries of the...
February 8th, 2019 | Art and auctions, Exhibitions, Exhibitions, Featured, Insight, Maritime Art, Paintings and Sculpture, People and Places | Read More
Capt. Prashant Widge of A.P. Moller – Maersk and the Blue MBA acclaimed in AMBA Excellence Awards

l to r: Sean Molony, Dr Malcolm Willingale, John Faraclas, Captain Prashant Widge, Irene Rosberg and Dr Aleka Mandaraka-Sheppard
Capt. Prashant Widge of A.P. Moller – Maersk and the Blue MBA acclaimed in AMBA Excellence Awards
A prestige award has gone to a key corporate sustainability expert at...
February 8th, 2019 | Academia, Awards, Events, HR, Maritime Education and Training, People and Places | Read More
Key fishing vessel safety treaty boosted with accession by Spain

H.E. Mr. Carlos Bastarreche Sagües, Ambassador of Spain to the United Kingdom and Permanent Representative of Spain to IMO, deposited the instrument of accession to the Cape Town Agreement with Secretary-General Lim.
Spain is latest country to accede to the International Maritime Organization’s Cape...
February 8th, 2019 | Fisheries, IMO, News, Organisations | Read More
Wärtsilä to deliver world’s first hybrid retrofit for short-sea shipping vessel

An impression of how the ‘Hagland Captain’ will look after the retrofit of a Wärtsilä hybrid propulsion solution. The conversion will create fuel savings and environmentally sustainable operations. Image copyright: Hagland Shipping AS.
Wärtsilä Corporation, 8 February 2019 at 10 am EET
The...
February 8th, 2019 | Marine Equipment Products and Services, Short Sea Shipping, Technical, Technology | Read More
The BDI@610: enter the abyss?

John Faraclas
The BDI (Baltic Dry Index) was down 19 points mainly due to another asymmetrical fall of the Capes. Geopolitics maintain its momentum and we warn for dangers ahead; John Faraclas daily recap:
The Capes’ BCI was a bit upsetting at 846 – minus 83 points as the 900 points-threshold has...
February 7th, 2019 | Art and auctions, Chartering, Comment, Dry Bulkcarriers, Insight, Markets, News, Paintings and Sculpture, Shipping Indices, Tankers, Trade and Commerce | Read More
IUMI confronts trade ‘chaos’ as it strives to protect insured clients

Richard Turner, IUMI president.
IUMI confronts trade ‘chaos’ as it strives to protect insured clients
By James Brewer
London’s marine insurance market is going through one of its toughest periods in recent years, the president of the International Union of Marine Insurance has warned.
The twin...
February 7th, 2019 | Conferences, Seminars, Forums, Marine Insurance | Read More
Yevgeny Primakov named Support Vessel of the Year

The “Yevgeny Primakov” – picture cedits: Sovcomflot
Yevgeny Primakov, an icebreaking standby vessel owned and operated by Sovcomflot, has been awarded the 2019 Support Vessel of the Year by Offshore Support Journal, an international trade publication. The official award ceremony was...
February 7th, 2019 | Arctic Shipping, Awards, Icebreakers, News | Read More
Powell pivots to patience, Roundtable with Hans Vijlbrief

US Federal Reserve Chair Jerome Powell
Commentary: Powell pivots to patience
By Darrell Delamaide in Washington
US Federal Reserve Chair Jerome Powell wanted to make sure everyone understood that the Fed has changed its stance and that patience is the new byword. Not gradual rises in interest rates,...
February 7th, 2019 | Banking, Comment, Finance | Read More
The BDI@629: stuck, coincidence, the beginning of an upturn…? Time will tell!

John Faraclas
The BDI (Baltic Dry Index) remained unchanged at 629 points “offering” a deep breath to all… Time, as per our titles ending, will tell… We still advise CAUTION! Geopolitics still messy and perplexed and MP Costis Hatzidakis of Greece’s opposition vice president of New Democracy...
February 6th, 2019 | Chartering, Comment, Dry Bulkcarriers, European Union, Markets, Military, Politics and Government, Reports, Shipping Indices, Statistics, Stock Markets, Tankers | Read More
American Club circular no.. 04/19 – US imposes new sanctions against the government of Venezuela through designation of PdVSA

Joe Hughes
AMERICAN CLUB CIRCULAR NO. 04/19 – UNITED STATES IMPOSES NEW SANCTIONS AGAINST THE GOVERNMENT OF VENEZUELA THROUGH DESIGNATION OF PETROLEOS DE VENEZUELA, S.A. (PdVSA)
FEBRUARY 6, 2019
CIRCULAR NO. 04/19
TO MEMBERS OF THE ASSOCIATION
Dear Member:
UNITED STATES IMPOSES...
February 6th, 2019 | Markets, News, Oil Industry, Sanctions | Read More
Alfa Laval expands its PureBallast 3 training programme with three new sites for crew training

Martin Melin, Technical Communicator
Compliance in ballast water treatment depends on crew knowledge as well as the ballast water treatment system itself. To help customers secure the needed competence, Alfa Laval is expanding its Alfa Laval PureBallast 3 training programme with crew training in Houston,...
February 6th, 2019 | Environment, Marine Equipment Products and Services, Maritime Education and Training, News, Pollution, Technical, Technology | Read More
Central banks take on climate change, Hard currencies outlook – part one

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Commentary: Central banks take on climate change
By Danae Kyriakopoulou in Davos
As 1,500 private jets flew into Davos to talk about climate change, the Central Banks’ and Supervisors’ Network for Greening the Financial System was holding its latest steering committee meeting in Mexico.
The...
February 6th, 2019 | Associations, Banking, Climate, Comment, Environment, Finance, Markets, Reports, Stock Markets, Trade and Commerce | Read More
Hooray hooray, the Panamaxes clinched a point…

John Faraclas
The BDI (Baltic Dry Index) lost just five points earlier on today and now stands at 629; Geopolitics still sour and the London Yacht Show makes waves. John Faraclas’ brief market recap:
The Capes’ BCI lost 12 points and now stands at 972…
The Panamaxes, even with just one...
February 5th, 2019 | Associations, Chartering, Containers, Dry Bulkcarriers, Events, Exhibitions, Markets, Military, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More
London Yacht Show announces first wave of exhibiting brands

l to r: Lesley Robinson, Andrew Williams and Paul Tetlow
Tuesday 5 February (London, UK) – In the two weeks since the event was relaunched as London Yacht Show, Sunseeker, Princess and Fairline have joined more than 10 brands that have signed up to exhibit their boats & yachts including: Azimut;...
February 5th, 2019 | Conferences, Seminars, Forums, Events, Exhibitions, Marine Equipment Products and Services, Shipbuilding and Shipyards, Technical, Technology | Read More
FUGRO supports entire English Coast Monitoring Network with essential data

Wave measurement buoys, like this one near Lincs Offshore Wind Farm, are amongst 72 RCMP instruments under Fugro’s management around the 5,672 km of English coastline.
The recent award of a three-year maintenance contract for the hydrodynamic element of the Anglian Coastal Monitoring programme means...
February 5th, 2019 | Alternative Sources of Energy, Energy, Environment, Insight, News | Read More
Election muddies India’s outlook, Rise of central bank gold demand

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Commentary: Election muddies India’s outlook
By Prakash Sakpal in Singapore
Conditions are becoming murky in the lead up to India’s general election in May. Prime Minister Narendra Modi’s popularity is falling, and the losses of his BJP in state assembly and other by-elections...
February 5th, 2019 | Banking, Comment, Finance, News, Politics and Government | Read More
The BDI@634: tough times never last, but tough shipowners do

John Faraclas
The BDI (Baltic Dry Index) losses were very much contained and let’s hope the reversal might come soon although the damage has been done… Geopolitics not just perplexed but explosive. John Faraclas daily recap:
The Capes’ BCI although it lost the 1,000 points threshold – an expected ...
February 4th, 2019 | Chartering, Comment, Container shipping, Containers, Dry Bulkcarriers, Insight, Markets, Military, News, Piracy and Terrorism, Reports, Shipping Indices, Statistics, Stock Markets, Trade and Commerce | Read More
Hempel launches powerful and flexible new antifouling solution

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Today, worldwide coatings manufacturer Hempel launches a powerful new antifouling coating – Atlantic+ – providing flexible and reliable performance. Delivering unparalleled protection, Atlantic+ is designed to protect the hull from fouling throughout service intervals of up to 60 months....
February 4th, 2019 | Marine Equipment Products and Services, News, Technical, Technology | Read More
2019 Posidonia Sea Tourism Forum

The entrance of the Piraeus Port
CURRENT SIGNS OF RECOVERY IN EAST MED CRUISING MARK THE BEGINNING OF A NEW ERA FOR THIS UNIQUE REGION
The biennial Posidonia Sea Tourism Forum returns this May to Athens for its fifth consecutive edition at a new venue and celebrates the industry’s renewed optimism...
February 4th, 2019 | Conferences, Seminars, Forums, Maritime Tourism, Tourism | Read More
LK supplies all manual valves for Viking Line’s new cruise ship

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Viking Line and Xiamen Shipbuilding Industry Co., Ltd. have appointed LK as supplier of all manual valves on board the new Viking Line passenger cruise ship.
“We are very proud to have won this order,” says Johan Kindblom, Sales Director at LK. “A vessel of this type and size has several...
February 4th, 2019 | Cruise Industry, Marine Equipment Products and Services, Shipbuilding and Shipyards | Read More
Desmond Lachman on US monetary policy, Danae Kyriakopoulou on Banxico independence and more

OMFIF Update – Week 5 2019
28 January-1 February 2019 Vol.10 Ed.5
REPORT
The rise of central bank gold demand
Since the 2008 financial crisis there has been renewed interest in gold’s unique characteristics as a safe haven asset that is nobody’s liability.
This, combined with scepticism...
February 2nd, 2019 | Banking, Comment, Communication, Conferences, Seminars, Forums, Finance, Insight, Markets | Read More