Archive for the ‘European Union’ Category

“K” Line: The European Commission Decision and Recording of Extraordinary Loss

“K” Line: The European Commission Decision and Recording of Extraordinary Loss
.. February 22, 2018 : Kawasaki Kisen Kaisha, Ltd. (“K” Line”) announced today that the Company has received notification of a European Commission Decision imposing a fine on “K”Line of € 39,100,000 for infringement of EU competition Law in connection with the deep sea car carriage services...
February 22nd, 2018 | European Union, Liner Shipping and Trade | Read More

ING and EIB provide EUR 300m to finance green shipping

ING and EIB provide EUR 300m to finance green shipping
l to r: Stephen Fewster, Global Head of Transportation Finance at ING, Werner Hoyer EIB President, Isabel Fernandez, Head of Wholesale Banking at ING Amsterdam, 19 February 2018 – ING and the European Investment Bank (EIB) today signed an agreement to support green investments for the European...
February 19th, 2018 | Banking, Emissions, Environment, European Union, Finance, Inland Waterways, Insurance and Reinsurance, Marine Insurance, Politics and Government, Ports & Terminals, Shipfinance | Read More

Dry and Wet volatility are here to stay…

Dry and Wet volatility are here to stay…
John Faraclas Once again the BDI (Baltic Dry Index) is running out steam and at best might create further shocks; Geopolitics still getting worse. John Faraclas’ daily and weekly recap: The BDI ended the day at 1,219 points – just two higher since yesterday and 94 since last Friday the 19 of...
January 26th, 2018 | Dry Bulkcarriers, European Union, Markets, Military, News, Organisations, Piracy and Terrorism, Politics and Government, Reports, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

HFW Insurance Bulletin January 2018

HFW Insurance Bulletin January 2018
Andrew Bandurka HFW Insurance Bulletin January 2018 1. Regulation and legislation EU: “Accidental” damage and the importance of causation Following a recommendation from the European Parliament, on 20 December 2017 the European Commission adopted a legislative proposal for a directive (COM (2017)...
January 25th, 2018 | European Union, Legal | Read More

Sentinel Marine awarded contract by European Fisheries Control Agency for charter of patrol vessel

Sentinel Marine awarded contract by European Fisheries Control Agency for charter of patrol vessel
Sentinel Marine has been awarded a contract to charter its Lundy Sentinel ERRV to the European Fisheries Control Agency. Framework contract provides for maximum of 20m Euros over four-year period Aberdeen-based Sentinel Marine has been awarded a contract to provide a patrol vessel to be chartered by...
January 25th, 2018 | European Union, Fisheries | Read More

Improved Port Reception Facilities welcomed by European Shipowners

Improved Port Reception Facilities welcomed by European Shipowners
Martin Dorsman European shipowners welcome the Plastic Strategy adopted by the European Commission last week. The coherent and impressively first-ever Europe-wide strategy on plastic forming part of the transition towards a more circular economy also included the long awaited revision of the Ports...
January 23rd, 2018 | Associations, Environment, European Union, Oceanology, Organisations, Politics and Government, Pollution, Ports & Terminals, Regulatory | Read More

EU ports welcome Framework on Foreign Investment Screening…

EU ports welcome Framework on Foreign Investment Screening…
EU ports welcome Framework on Foreign Investment Screening as useful Instrument for an open Investment Environment On 13 September 2017, the European Commission published a Proposal for a Regulation establishing a framework for screening of foreign direct investments into the European Union and a Communication...
January 18th, 2018 | Environment, European Union, Organisations | Read More

Brexit – where next?

Brexit – where next?
Margaret Pinder Brexit – where next? by Margaret Pinder, Head of Market Intelligence, Hill Dickinson Now that the Government has achieved sufficient progress in the Brexit negotiations to reach agreement to progress to stage two, this is a good time to review what this means for your business going...
January 2nd, 2018 | European Union, Legal, Markets, News, Politics and Government, Reports, Taxation | Read More

The BDI@1,619: nosedive, correction or market reality blues…?

The BDI@1,619: nosedive, correction or market reality blues…?
John Faraclas Falling Markets at the end of the day is nothing to be afraid of or being a bad thing so to speak, as it separates the wheat from the chaff, particularly as many failed to use the appropriate mechanisms with their risk assessment tools available and contain at worse this eight year old...
December 15th, 2017 | Academia, Alternative Sources of Energy, Anniversaries, Associations, Awards, Books, Charity, Chartering, Clubs, Communication, Education and Training, Emissions, Energy, Environment, European Union, Holidays, HR, Jobs, Logistics, Maritime Education and Training, Maritime Tourism, Markets, Military, News, Oil Spill, People and Places, Piracy and Terrorism, Politics and Government, Pollution, Press and Media, Reports, Sailing, Shipping Indices, Sports, Statistics, Stock Markets, Tankers, Tourism, WISTA - Women in Shipping, Yachting | Read More

Shipowners urge for rapid and positive progress in the Brexit negotiations

Shipowners urge for rapid and positive progress in the Brexit negotiations
Niels Smedegaard In view of the European Council deciding this week on whether the Brexit negotiations can enter the next phase, ECSA representing European shipowners calls for rapid and positive progress to be made towards an EU/UK agreement. Shipowners look forward to an agreement which preserves...
December 13th, 2017 | Associations, European Union, News, Organisations, Politics and Government | Read More

BIFA welcomes news of progress in Brexit negotiations

BIFA welcomes news of progress in Brexit negotiations
Robert Keen Commenting on the European Commission’s announcement this morning that it has recommended to the European Council to conclude that sufficient progress has been made in the first phase of the negotiations with the UK, Robert Keen, Director General of the British International Freight Association...
December 8th, 2017 | Associations, European Union, Markets, Politics and Government, Trade and Commerce | Read More

IUA media comment on Brexit negotiations

IUA media comment on Brexit negotiations
Dave Matcham Dave Matcham, chief executive of the International Underwriting Association, said: “It is a great relief to hear that Brexit discussions are now ready to move onto the details of a new trading relationship between the EU and UK. London’s role as a global insurance centre, hosting branch...
December 8th, 2017 | Associations, European Union, IUA, Markets, Organisations | Read More

The BDI@1,670 proves that the Dry Markets are still stuck…

The BDI@1,670 proves that the Dry Markets are still stuck…
John N. Faraclas The BDI (Baltic Dry Index) gained just nine points since yesterday and now reads 1,679; the Wets at the same levels and Geopolitics are explosive in many fronts; John Faraclas brief report: The Capers look safe above the 4,000 threshold and gained 21 points with the BCI now standing...
December 7th, 2017 | European Union, Events, Markets, Piracy and Terrorism, Politics and Government, Reports | Read More

Council agrees to implement ECSA-ETF Agreement on decent work for seafarers

Council agrees to implement ECSA-ETF Agreement on decent work for seafarers
Mark Dickinson European shipowners and European transport workers speak together to warmly welcome today’s adoption of a Council Directive improving seafarers’ working conditions. This change will implement an agreement between the European Community Shipowners’ Associations (ECSA) and the European...
December 7th, 2017 | Associations, European Union, HR, ILO, ITF, Labour Disputes, Manning - Seafarers and Offshore, Organisations | Read More

HFW Briefing – Brexit Considerations Commercial

HFW Briefing – Brexit Considerations Commercial
Anthony Woolich, partner The UK’s withdrawal from the European Union will have a significant impact on commercial contracts between UK and EU businesses. UK businesses should now be looking at how best to ‘Brexit-proof’ their contracts. We are seeing an increasing demand for advice in this area There...
December 7th, 2017 | European Union, Flags, ILO, Legal, Organisations, Politics and Government | Read More

European shipowners discuss the EU funding programs

European shipowners discuss the EU funding programs
Martin Dorsman European shipowners discuss the EU funding programs – more communication and visibility needed to increase effectiveness European shipowners organised a seminar on EU funding this week in Brussels. A discussion took place between the Commission and shipping companies aiming at identifying...
December 1st, 2017 | Associations, European Union, Events, Conferences,Forums and Symposiums, Organisations, Shipfinance | Read More

Give maritime a fairer share of EU funds, urges Motorways of the Sea coordinator Brian Simpson

Give maritime a fairer share of EU funds, urges Motorways of the Sea coordinator Brian Simpson
Brian Simpson OBE Brian Simpson, European coordinator for the Motorways of the Sea mega-project, has called for the European Union to support more vigorously the maritime sector in the transport network, when future Connecting Europe Facility calls for proposals are launched. He said: “Over 75%...
November 30th, 2017 | Associations, Climate, Emissions, Energy, Environment, European Union, Insight, News, Organisations, People and Places, Person Profiles | Read More

European ports welcome the EP Transport Committee vote for a stronger CEF budget

European ports welcome the EP Transport Committee vote for a stronger CEF budget
This morning, the Transport Committee (TRAN) of the European Parliament voted its opinion on the Multi-Annual financial Framework after 2020 (Marinescu report). Isabelle Ryckbost The Transport MEPs voted in favour of an updated and more effective Connecting Europe Facility. They have asked for an increased...
November 23rd, 2017 | European Union, Finance, Organisations, Ports & Terminals | Read More

European Shipowners welcome the agreement reached on CO2 Emissions Trading System

European Shipowners welcome the agreement reached on CO2 Emissions Trading System
Martin Dorsman Intensive negotiations came to an end two weeks ago when the European Parliament, the Council of Ministers and the European Commission reached a provisional agreement on the reform of the emissions trading system, which today was approved by the Member States. “European shipowners have...
November 22nd, 2017 | Associations, Emissions, Energy, Environment, European Union, Organisations, Shipmanagement | Read More

Inland Waterway Transport and Ports ask Europe for an ambitious policy action plan and continuity in funding

Inland Waterway Transport and Ports ask Europe for an ambitious policy action plan and continuity in funding
l to r: Theresia Hacksteiner (EBU), Karin de Schepper (INE), Alexander van den Bosch (EFIP), MEP Wim van de Camp, Commissioner for Transport Violeta Bulc, Hester Duursema (ESO) 15 November 2017 – Today, a coalition of inland waterway transport (IWT) and ports has handed over a declaration with...
November 15th, 2017 | Canals, European Union, Inland Waterways, News, Organisations, Port Conditions, Ports & Terminals | Read More

EU brings money to Europe

EU brings money to Europe
Despina Doxaki EU brings money to Europe* by Despina Doxaki Banking & Finance Advisor The European Investment Bank estimates that the European Union will need to invest €2 trillion in infrastructure in the 28 member countries through 2020.  The sheer scale of the capital needed will require...
October 28th, 2017 | Automobiles, Banking, Canals, Construction, European Union, Finance, Inland Waterways, Insight, Logistics, News, Organisations, Ports & Terminals, Rail | Read More

Monitoring phase for a Clean Inland Shipping project begins

Monitoring phase for a Clean Inland Shipping project begins
Inland shipping The vessels which will take part in the trials for the CLINSH project (CLean INland SHipping) have been selected. Their emissions will be closely monitored during the two-year project which is part of the European Union’s LIFE programme.  The vessels are to test various emissions-reducing...
October 27th, 2017 | Associations, Emissions, Environment, European Union, Organisations | Read More

“Abnormal” situation for Greece the imposition of excise duty on Natural Gas when used as feedstock

“Abnormal” situation for Greece the imposition of excise duty on Natural Gas when used as feedstock
The fist panel with Maria Spyraki and Nikolas Papadopoulos; to the right Dr .Kostas Andriosopoulos In a spirit of close cooperation, Greece and Cyprus presented their positions during an international gas forum organized by the Hellenic Association for Energy Economics (HAEE) on Thursday 19.10.2017,...
October 24th, 2017 | Conferences, Seminars, Forums, Energy, European Union, LNG, Politics and Government | Read More

The BDI@1,586: …recalibration..?

The BDI@1,586: …recalibration..?
John Faraclas With eight points plus the BDI (Baltic Dry Index) opened this week’s dry market …deliberations, thanks to the Capers as all the other dry sizes remained more or less stagnant… The Geopolitical situation smells of more gun powder… John Faraclas’ daily recap: The Capers’ BCI was...
October 23rd, 2017 | Chartering, Containers, Dry Bulkcarriers, European Union, Maritime Accidents, Markets, Military, News, Piracy and Terrorism, Politics and Government, Reports, Shipbuilding and Shipyards, Shipping Indices, Stock Markets, Tankers, Trade and Commerce, UN | Read More

CYPRUS Fitch sovereign review

CYPRUS Fitch sovereign review
Regional Economics & Market Strategy Focus Note CYPRUS – Fitch upgraded rating to BB, outlook still positive (Monday, October 23, 2017) CYPRUS Fitch sovereign review: long term sovereign rating upgraded to two notches below investment grade, outlook still positive On Friday October 20th, Fitch...
October 23rd, 2017 | Associations, European Union, Markets, Organisations, Reports | Read More