Archive for the ‘News’ Category

An unsustainable BDI@ 1,727…

An unsustainable BDI@ 1,727…
John Faraclas – picture by ecopack77 The BDI clinched four points and now stands at 1,727 thanks to the rise of the Panamaxes making it up for the falling Capes; expect a Geopolitical tsunamis and another credit crunch deriving from the current up and coming Trade Wars… John Faraclas’ brief...
August 20th, 2018 | Chartering, Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Tankers, Trade and Commerce | Read More

From Celestial to Digital navigation

From Celestial to Digital navigation
Emma Wise and Paul Hailwood receive IMarEST tokens of appreciatio Dubai, 8 August 2018 – ChartWorld conceptualized World ECDIS Day four years ago which was very well appreciated by the industry.  As a result, ChartWorld decided to take the concept on tour and over the last 9 months have hosted...
August 20th, 2018 | Conferences, Seminars, Forums, IMarEST | Read More

Back to the Negotiating Table – Working Together

Back to the Negotiating Table – Working Together
Allen Leatt IMCA ANNOUNCES PROGRAMME FOR ITS CONTRACTS & INSURANCE SEMINAR Back to the Negotiating Table – Working Together Experts from oil companies, contractors and the legal and insurance sectors to share their thoughts and opinions on Working Together The share of risks and liabilities...
August 20th, 2018 | Associations, Conferences, Seminars, Forums | Read More

AET and Shell agree first contract for dynamic positioning shuttle tanker

AET and Shell agree first contract for dynamic positioning shuttle tanker
Yee Yang Chien – MISC President CEO 20 August 2018, Singapore, AET Inc Limited formally agreed its first contract with Brazil Shipping Limited 1 (“Shell”) to time charter one new-build dynamic positioning (IMO Class 2) shuttle tanker (DPST) in Brazil.  “MISC Group’s wholly-owned...
August 20th, 2018 | Chartering, Markets, News, Oil Industry, Tankers | Read More

Trump wide of mark on ‘manipulation’, Central Bank of Ireland meeting

Trump wide of mark on ‘manipulation’, Central Bank of Ireland meeting
.. Commentary: Trump wide of mark on ‘manipulation’ By Mark Sobel in Washington Donald Trump’s claims that China is manipulating its currency are woefully wide of the mark. China’s current account surplus is falling to under 1% of GDP. The renminbi, hit by capital outflows between...
August 20th, 2018 | Banking, Events, Conferences,Forums and Symposiums, News, Politics and Government | Read More

Hapag-Lloyd invests in growing East African market

Hapag-Lloyd invests in growing East African market
Hapag-Lloyd invests in growing East African market HAMBURG, Germany, August 17, 2018/ — Kenya as a driver of growth in the East Africa region Serving nearly 900 export and import customers Hapag-Lloyd with weekly service to and from Mombasa Hapag-Lloyd (www.Hapag-Lloyd.com) is continuing to...
August 17th, 2018 | Liner Shipping and Trade, Markets, News | Read More

BDI falls at 1,720 amid perplexed Geopolitics

BDI falls at 1,720 amid perplexed Geopolitics
John Faraclas The BDI (Baltic Dry Index) lost seven points and now stands at 1,720; Perplexed and enigmatic Geopolitics. John Faraclas’ brief markets and Geopolitics recap: The Capes uncertainty brings the Dry Market down. The BCI lost 84 points and now stands at 3,476… below the 3,500 point threshold! The...
August 16th, 2018 | Chartering, Dry Bulkcarriers, Markets, Military, News, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

Diana announces period time charter contract for m/v Coronis

Diana announces period time charter contract for m/v Coronis
ATHENS, GREECE, August 16, 2018 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CJ International Italy...
August 16th, 2018 | Chartering, Company Profiles, Dry Bulkcarriers, Markets, News, Stock Markets | Read More

Damen Shipyards Galati celebrates 125 years

Damen Shipyards Galati celebrates 125 years
from the celebrations Galati yard has delivered over 1,300 vessels during proud history On 15th August, Damen Shipyards Galati held a party for the annual celebration of Ziua Navalistului – Shipbuilder’s Day. This year the party was larger than usual as it incorporated a celebration of 100 years...
August 16th, 2018 | Anniversaries, Events, News, Ship Conversions, Shipbuilding and Shipyards, Shiprepair | Read More

MTU’s new marine engines combined with SCR system

MTU’s new marine engines combined with SCR system
… The latest generation of MTU’s Series 4000 marine engines combined with MTU’s new SCR system for IMO III and EPA Tier IV are designed for flexible installation and feature an excellent power-to-weight ratio. NOx emissions have been reduced by 75% compared with IMO II and particulate emissions...
August 16th, 2018 | Marine Equipment Products and Services, News, Technical, Technology | Read More

The BDI@1,727: Capes tumble; Geopolitics “await” the tsunami…

The BDI@1,727: Capes tumble; Geopolitics “await” the tsunami…
John Faraclas – picture by ecopack77 The BDI (Baltic Exchange Dry Index) clinched two points and now reads 1,727 amid an uncertain global political, economic and waring future. John Faraclas’ midweek briefing: The Capes’ BCI lost 27 points and now stands at 3,560 points… Good news for the...
August 15th, 2018 | Chartering, Dry Bulkcarriers, Finance, Markets, Military, News, Reports, Shipping Indices, Tankers, Trade and Commerce | Read More

Stena Drilling streamlines safety equipment management backed by proven VIKING solution

Stena Drilling streamlines safety equipment management backed by proven VIKING solution
VIKING offshore evacuation system As part of its constant drive for new efficiencies, Stena Drilling has placed a significant part of its safety equipment and servicing management under a VIKING Offshore Safety Agreement.  Progressive UK-based offshore drilling company Stena Drilling Limited is committed...
August 15th, 2018 | Health and Safety, Marine Equipment Products and Services, News, Safety and Security, Technical, Technology | Read More

Nomination for IUMI President

Nomination for IUMI President
Richard Turner The presidency of IUMI – the International Union of Marine Insurance – is for a four-year term. The present incumbent, Dieter Berg, ends his full term at this year’s IUMI annual conference in Cape Town and will formally hand over the position to his successor on Wednesday 19...
August 15th, 2018 | Associations, Marine Insurance, News, Person Profiles | Read More

IMCA issues reactivation of DP vessels after layup information note

IMCA issues reactivation of DP vessels after layup information note
Capt Andy Goldsmith, Technical Adviser – Marine, IMCA Focused information note produced for professionals charged with reactivation Reactivated DP vessels can enter service in better condition than pre-layup Following a period of improving industry metrics during 2017, the International Marine Contractors...
August 15th, 2018 | Associations, News, Shipmanagement, Technical | Read More

The BDI@ 1,725 amid an upcoming geopolitical chaos

The BDI@ 1,725 amid an upcoming geopolitical chaos
John Faraclas – picture credits by Georgina Lazaridis The BDI (Baltic Dry Index) gained 16 points earlier on today; Geopolitics still chaotically messy! John Faraclas’ market briefing: The Capes still the main driver for the dry cargoes saw the BCIp up 51 points at 3,587. The Panamaxes managed...
August 14th, 2018 | Chartering, Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

Councils across the UK will be flying a Red Ensign on Merchant Navy Day

Councils across the UK will be flying a Red Ensign on Merchant Navy Day
Councillor Lindsay Hall, Westminster Lord Mayor Red Ensign for Merchant Navy Day Councils across the UK will be flying a Red Ensign on Merchant Navy Day  The Right Worshipful Lord Mayor of Westminster, Councillor Lindsey Hall, is supporting Seafarers UK’s ‘Fly the Red Ensign for Merchant Navy Day’...
August 14th, 2018 | Anniversaries, Events, HR | Read More

BDI …“resurfaces” above the 1,700 point mark; Geopolitics chaotic…

BDI …“resurfaces” above the 1,700 point mark; Geopolitics chaotic…
John Faraclas – picture by ecopack77 Thanks to the volatile Capes, the BDI begun the week on a positive note amid an alarming geopolitical environment given the Turkish despicable behaviour with the USA and others. John Faraclas’ brief market and geopolitics recap: The BDI gained 18 points...
August 13th, 2018 | Chartering, Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

North P&I Club adds strength and depth to the Greek office team

North P&I Club adds strength and depth to the Greek office team
Paul Jennings August 13, 2018 – Leading global marine insurer North P&I Club has further strengthened its Greece based team with a number of new appointments and internal promotions, demonstrating North’s continuing commitment to providing the highest standards of service to its local...
August 13th, 2018 | Company Profiles, HR, Marine Insurance, News, P and I Clubs, Person Profiles | Read More

Turks and Caicos Islands’ future economic development promoted by the UK Government

Turks and Caicos Islands’ future economic development promoted by the UK Government
LiDAR survey area of Turks and Caicos Islands UK Government funding essential seabed mapping of Turks and Caicos Island territorial waters to promote future economic development LONDON, 13 August 2018 – The most comprehensive seabed mapping survey of the seas surrounding the Turks and Caicos...
August 13th, 2018 | Markets, News, Underwater Shipping | Read More

Diana Shipping Inc. announces direct continuation of Time Charter Contract for m/v Protefs and a new time charter contract for m/v Nirefs with Hudson

Diana Shipping Inc. announces direct continuation of Time Charter Contract for m/v Protefs and a new time charter contract for m/v Nirefs with Hudson
ATHENS, GREECE, August 13, 2018 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Hudson...
August 13th, 2018 | Chartering, Dry Bulkcarriers, Markets, News, Stock Markets | Read More

Another wildfire in Greece

Another wildfire in Greece
A …deformed sun set given the effect of the wildfires… Following the wildfires nearly three weeks ago  (23/7) in Greece’s Attica region– Mati, Kineta, Rafina, Kato Voutzas and Little Red Port which claimed the lives of 94 people, many injured and still a dozen missing, another major...
August 12th, 2018 | Breaking News, Environment | Read More

The BDI@1,691; thank Posidon as it could have been worse…

The BDI@1,691; thank Posidon as it could have been worse…
John Faraclas The BDI (Baltic Dry Index) lost three points since yesterday and now reads 1,691. Geopolitics are, as predicted  from this medium, worryingly warry! John Faraclas’ brief Markets and Geopolitics note: So at 1,691 the BDI survives an otherwise Summer of Discontent, a decisive Market...
August 10th, 2018 | Chartering, Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Tankers | Read More

Plasschaert and Kontides find gold in the Bay of Aarhus

Plasschaert and Kontides find gold in the Bay of Aarhus
Emma Plasschaert (BEL) – Laser Radial© Sailing Energy / World Sailing First Laser Radial title for Belgium Kontides gold comes ten years after winning Youth Worlds in Aarhus Rindom roared to bronze by stadium crowd Emma Plasschaert won Belgium’s first world championship gold in the Laser...
August 10th, 2018 | Events, Sailing, Sports, Yachting | Read More

FUGRO resumes acquisition of data for Norway’s Mareano Seabed mapping programme

FUGRO resumes acquisition of data for Norway’s Mareano Seabed mapping programme
In an area that extends above 80 degrees latitude, Fugro is collecting high res seabed data for Norwegian authorities mapping programme, MAREANO. Fugro has been awarded a hydrographic survey contract, valued at NOK 44.7 million (approximately €4.7 million), by the Norwegian Hydrographic Service....
August 10th, 2018 | Fisheries, Markets, News, Underwater Shipping | Read More

Sovcomflot’s Pskov loads first cargo from Yamal LNG second train

Sovcomflot’s Pskov loads first cargo from Yamal LNG second train
Sovcomflot LNG Carrier Pskov 10 AUGUST 2018 – On 9 August 2018, the liquefied natural gas (LNG) carrier Pskov completed loading at the Port of Sabetta (YNAD), with the first cargo of LNG produced from the second high-tech production line at the Yamal LNG plant. Yesterday marked the launch of...
August 10th, 2018 | LNG, News | Read More