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Italy is not Greece

Italy is not Greece
Emmanouela Depounti Italy is not Greece By Emmanouela Depounti, Attorney at Law, Former legal advisor of Agricultural Bank of Greece SA, Former introducer of Astrobank Ltd (Cyprus). …And it’ s about time to stop the comparison between Italy’s 10th largest bank,  Banca Carige, which has been put...
January 9th, 2019 | Banking, Comment, Insight | Read More

New appointments to Baltic Exchange Council

New appointments to Baltic Exchange Council
The Baltic Exchange The Baltic Exchange is pleased to announce three new appointments to the Baltic Exchange Council (BEC), the governing body which oversees the Baltic’s strategy for membership services, social responsibility, charities and its relationship with its members, governments, regulatory...
January 9th, 2019 | Markets, News, Person Profiles, Stock Markets | Read More

Daily Overview of Global Markets & the SEE Region (Wednesday, January 9, 2019)

Daily Overview of Global Markets & the SEE Region (Wednesday, January 9, 2019)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Mirroring the positive tone in Wall Street overnight, most global equity indices traded in the black on Wednesday on growing optimism for progress in the ongoing US-China trade negotiations after President Trump’s comments that “talks...
January 9th, 2019 | Banking, Finance, Shipfinance | Read More

Back to pre-1914 Fortress America, Fed Talk: 2018 overview and 2019 outlook

Back to pre-1914 Fortress America, Fed Talk: 2018 overview and 2019 outlook
. Commentary: Back to pre-1914 Fortress America By Meghnad Desai in New Delhi President Donald Trump has redefined the aims of US foreign policy. We are back to pre-1914 ‘Fortress America’. The US entered the first world war only because of the German U-boat sinking of the RMS Lusitania....
January 9th, 2019 | Banking, Conferences, Seminars, Forums, Events, Finance, Military, News, Politics and Government | Read More

Prohibition of Open-Loop Scrubber systems in all ports and Emission Control Areas (ECAs) of PRC

Prohibition of Open-Loop Scrubber systems in all ports and Emission Control Areas (ECAs) of PRC
PROHIBITION OF OPEN-LOOP SCRUBBER SYSTEMS IN ALL PORTS AND EMISSION CONTROL AREAS (ECAs) OF THE PEOPLE’S REPUBLIC OF CHINA (PRC)   As of January 1, 2019, the use of open-loop scrubbers in the ECAs of the PRC has been banned. These ECAs cover most of the PRC’s coastline and inland waterways.   The...
January 8th, 2019 | Emissions, Environment, P and I Clubs, Pollution | Read More

Capes volatility keeps the uncertain markets “afloat”…

Capes volatility keeps the uncertain markets “afloat”…
John Faraclas The BDI  (Baltic Dry Index) gained 15 points earlier on this afternoon and now stands at 1,262 points. Geopolitics still the same; John Faraclas’ brief recap: The Capes “hit” again with the BCI at 2,117 – a good  triple points rise of 101 but again this cannot constitute...
January 8th, 2019 | Dry Bulkcarriers, Insight, Markets, Reports, Shipping Indices, Stock Markets | Read More

Hamburg engineering company HeavyLift@Sea presents basic design for ambitious heavy cargo deck carrier

Hamburg engineering company HeavyLift@Sea presents basic design for ambitious heavy cargo deck carrier
Rendering Heavy Cargo Deck Carrier – Picture Credit: HeavyLift@Sea Small port, big cargo, narrow waterways: the heavy cargo deck carrier for offshore wind projects in the North and Baltic Seas, which is currently being built at a Chinese shipyard, is the answer to a wide range of customer requirements...
January 8th, 2019 | Climate, Construction, Environment, Shipbuilding and Shipyards, Technical, Technology | Read More

Care for hospitalised seafarers still a challenge says seafarers’ charity

Care for hospitalised seafarers still a challenge says seafarers’ charity
… At the beginning of 2019, global seafarers’ charity, Stella Maris (Apostleship of the Sea) says that supporting seafarers in hospital remains a vital part of its work during one of the most stressful times a seafarer can face. At the end of 2018 the charity had been supporting seafarers in...
January 8th, 2019 | Associations, Charity, Health and Safety, Safety and Security | Read More

MEPC73 places LuminUltra in pole poisition for BWTS monitoring

MEPC73 places LuminUltra in pole poisition for BWTS monitoring
.. Regulatory guidance on the use of indicative analysis methods to validate the commissioning of installed ballast water treatment systems (BWTS) on newbuild ships has been welcomed by Canada-based biotechnology specialist LuminUltra as a positive development for the global maritime industry. Until...
January 8th, 2019 | Environment, Marine Equipment Products and Services, Pollution, Technical, Technology | Read More

Freight Derivative Trade Volumes up in 2018

Freight Derivative Trade Volumes up in 2018
The Baltic Exchange Figures compiled by the Baltic Exchange reveal that the overall volume of Forward Freight Agreement (FFA) trades increased in 2018. Freight derivative volumes in the tanker market rose by 20% in 2018 hitting 321,962 lots, volumes in the dry market rose 1.4% to 1,196,929 lots, its...
January 8th, 2019 | Chartering, Markets, Reports | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, January 8, 2019)

Daily Overview of Global Markets & the SEE Region (Tuesday, January 8, 2019)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Wall Street rallied overnight on Friday’s strong US employment report and dovish remarks by Fed Chairman Jerome Powell. European equity indices followed suit and opened higher on Tuesday with tech shares outperforming the market,...
January 8th, 2019 | Banking, Finance, Markets, News, Shipfinance | Read More

Bunker delivery note amendments enter into force as sulphur 2020 requirement looms

Bunker delivery note amendments enter into force as sulphur 2020 requirement looms
MARPOL amendments entered into force on 1 January 2019. Data collection on fuel oil consumption by larger ships begins. Also, IMSBC Code amendments entered into force. http://www.imo.org/en/MediaCentre/PressBriefings/Pages/01-MARPOLamendments01012019.aspx   Amendments to the bunker delivery note...
January 8th, 2019 | Bunkering, IMO | Read More

The Greek Banking Issue

The Greek Banking Issue
Emmanouela Depounti The Greek Banking Issue By Emmanouela Depounti, Attorney at Law, Former legal advisor of Agricultural Bank of Greece SA, Former introducer of Astrobank Ltd (Cyprus). The problematic banking system in Greece is not a recent phenomenon. It started in 2001 and was underlined in September...
January 8th, 2019 | Banking, Comment, Insight, Markets | Read More

Esvagt turns to Vestdavit for high seas windfarm boat-handling

Esvagt turns to Vestdavit for high seas windfarm boat-handling
Esvagt’s latest windfarm Service Operations Vessels will be equipped with davits from Vestdavit that offer safe and comfortable boat launching and recovery even in the most challenging conditions (Photo: Havyard) Vestdavit has reinforced its claim to be the davit supplier of choice for higher sea states...
January 8th, 2019 | Alternative Sources of Energy, Energy | Read More

IMCA issues guidance to assist analysis and testing of DP systems

IMCA issues guidance to assist analysis and testing of DP systems
Andy Goldsmith The International Marine Contractors Association (IMCA) has published ‘Guidance to Identify DP System Components and their Failure Modes’ (IMCA M 247). The new document complements the Association’s existing guidance on Dynamic Positioning (DP). Captain Andy Goldsmith, IMCA’s Marine...
January 8th, 2019 | Associations, Books, Reports | Read More

RMT to take demands for a fair deal for workers on BREXIT Ferry contracts direct to Chris Grayling

RMT to take demands for a fair deal for workers on BREXIT Ferry contracts direct to Chris Grayling
Mick Cash Maritime union RMT will be taking the demands for a fair deal for British workers on Government Brexit ferry contracts direct to Transport Secretary Chris Grayling on Friday morning. RMT will be holding a protest outside the DfT at 10am on Friday 11th January (Department for Transport, Great...
January 8th, 2019 | Claims, Cruise Ferry, HR, Labour Disputes, Manning - Seafarers and Offshore, Ro-Ro and Passenger Ferries | Read More

Participants feedback after Automechanika Shanghai 2018 record highest ever show figures

Participants feedback after Automechanika Shanghai 2018 record highest ever show figures
A view from last years’ event Automechanika Shanghai has experienced its most international and busiest fair yet, rounding off another successful year. The 14th edition took place from 28 November to 1 December and covered every aspect of the automotive supply chain. The record breaking show presented...
January 8th, 2019 | Accessories, Automobiles, Events, Conferences,Forums and Symposiums, Exhibitions | Read More

British politics caught in zugzwang, Advancing the European regulatory agenda

British politics caught in zugzwang, Advancing the European regulatory agenda
Commentary: British politics caught in zugzwang By John Nugée in London The various pro- and anti-Brexit camps in the House of Commons are all caught in a sort of zugzwang, to borrow the phrase from chess – they are safe if they do nothing, but if any camp forces a vote it may end up triggering exactly...
January 8th, 2019 | Comment, Conferences, Seminars, Forums, Politics and Government | Read More

The BDI is now 1,000 points below the Dec 2013 closing…

The BDI is now 1,000 points below the Dec 2013 closing…
John Faraclas. Picture credits George Christakis The BDI (Baltic dry Index) lost 13 points and now reads 1,247 – 1,000 points below the closing of Dec 2013!  Geopolitics still messy; John Faraclas’ brief daily market recap: The Capes were the only size to clinched points and the BCI now reads 2,016...
January 7th, 2019 | Chartering, Dry Bulkcarriers, Insight, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Hot Port news from GAC

Hot Port news from GAC
07-Jan-2019 CREW RESCUED AFTER VESSEL SINKS Black Sea, Turkey Crew rescued after vessel sinks Monday, January 7, 2019, Black Sea, Turkey A research and rescue operation is underway after a distress signal was received from a Panama-flagged vessel reported to be sinking 77 sea miles off the Black Sea...
January 7th, 2019 | Marine Insurance, Maritime Accidents, Ports & Terminals, Salvage, Towage, Wreck Removals | Read More

NI launches DPO qualification for the renewables sector

NI launches DPO qualification for the renewables sector
Captain John Lloyd. 7.1.19 – The Nautical Institute has expanded its world-leading certification scheme for Dynamic Positioning Operators (DPOs) to include a qualification for seafarers operating in the renewables sector. This qualification is a response to the increasing need for specialist operators...
January 7th, 2019 | The Nautical Institute | Read More

North P&I Club’s Rune Dybedal appointed NSOCC chairman

North P&I Club’s Rune Dybedal appointed NSOCC chairman
Rune Dybedal, Chairman of the North Sea Operators’ Claims Conference (NOSCC) January 7, 2018 – North P&I Club’s Rune Dybedal has been appointed Chairman of the North Sea Operators’ Claims Conference (NSOCC). Dybedal will use his Chairmanship to continue to develop the NSOCC as...
January 7th, 2019 | Company Profiles, News, P and I Clubs, Person Profiles | Read More

KR launches new IHM service and secures NSC contract

KR launches new IHM service and secures NSC contract
Image shows, from left to right: Otto Klemke (Nautilus GmbH), Frank Schneider (HMI GbR), Sebastian Völchner (NSC Group) and Michael Suhr (Korean Register).  NSC Group has signed an agreement with Korean Register (KR) for the IACS (International Association of Classification Societies) classification...
January 7th, 2019 | Classification Societies, IACS | Read More

Daily Overview of Global Markets & the SEE Region (Monday, January 7, 2019)

Daily Overview of Global Markets & the SEE Region (Monday, January 7, 2019)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: In early European trade today, core government bond yields were off last week’s fresh lows in reaction to FOMC Chairman Jerome Powell’s dovish remarks at the American Economic Association’s annual meeting in Atlanta on Friday....
January 7th, 2019 | Banking, Finance, Markets, News, Reports, Shipfinance, Statistics, Stock Markets | Read More

IMCA safety statistics – a new look for the new year

IMCA safety statistics – a new look for the new year
Nick Hough, IMCA’s Technical Adviser, responsible for IMCA’s Health, Safety, Security & Environment Committer IMCA contractor members to take part in annual safety survey The International Marine Contractors Association (IMCA) is introducing a new web-based method for collecting safety...
January 7th, 2019 | Associations, News, Safety and Security | Read More