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Daily Overview of Global Markets & the SEE Region (Wednesday, December 5, 2018)

Daily Overview of Global Markets & the SEE Region (Wednesday, December 5, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Mirroring the negative tone in Wall Street overnight, global equity indices traded in the red on Wednesday amid heightened investor concerns over trade protectionism and weakening global economic momentum. Against this background, core...
December 5th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Trade and Commerce | Read More

ABS Hellenic Technical Committee Meeting 2018

ABS Hellenic Technical Committee Meeting 2018
Dr. Chris Leontopoulos, the Hellenic Technical Committee Chairman and ABS Global Ship Systems Center Director, closed the meeting and thanked all members The third ABS Hellenic Technical Committee meeting took place on November 21st at The Margi Hotel outside of Athens, Greece. More than 40 distinguished...
December 5th, 2018 | Classification Societies, Conferences, Seminars, Forums, Technical | Read More

Preserving Britain’s place in the EEA, Brexit deal podcast

Preserving Britain’s place in the EEA, Brexit deal podcast
. Commentary: Preserving Britain’s place in the EEA By David Owen in London The UK intends to remain a member of the European Economic Area on the same grounds as Norway, Iceland and Liechtenstein. There will be a deep free trade agreement in place on 30 March 2019 and no need to take recourse...
December 5th, 2018 | Comment, Conferences, Seminars, Forums, News, Politics and Government | Read More

Owners of UV ballast water treatment systems reconsider and switch to Alfa Laval PureBallast 3

Owners of UV ballast water treatment systems reconsider and switch to Alfa Laval PureBallast 3
Alfa Laval PureBallast 3 reactor family UV ballast water treatment offers many advantages over electrochlorination. Yet there are also substantial differences between UV solutions. A growing number of customers, including MSC Cruises and Regent Seven Seas Cruises, are abandoning their selected UV treatment...
December 5th, 2018 | Environment, Marine Equipment Products and Services | Read More

The BDI@1,237… Que será, será?*

The BDI@1,237… Que será, será?*
John Faraclas The BDI (Baltic Dry Index) gained 34 points since yesterday thanks to the as ever volatile Capes… Geopolitics and its influence in the global economy and conversely to shipping are more than perplexed. John Faraclas’ brief recap: 101 points plus for the Capes’ BCI now standing at...
December 4th, 2018 | Awards, Chartering, Clubs, Communication, Dry Bulkcarriers, Events, Conferences,Forums and Symposiums, Food and Drink, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

LR becomes first class society to be assigned RO status by Canadian Department of National Defence

LR becomes first class society to be assigned RO status by Canadian Department of National Defence
From the signing ceremony between LR and the Canadian Department of National Defence  (John Hicks and Captain (Navy) Jacques Olivier pictured center) 04 December 2018 – On 15 November 2018, Lloyd’s Register (LR) became the first classification society to be assigned RO (Recognised Organisation)...
December 4th, 2018 | Classification Societies, Military, News, Regulatory, Safety and Security | Read More

Hot Port News from GAC

Hot Port News from GAC
04-Dec-2018 REMOVAL OF WRECKED SHIP Dardanelles, Turkey COAST GUARD URGES CAUTION AFTER BARGE CAPSIZE Boston, United States Removal of wrecked ship Tuesday, December 4, 2018, Dardanelles, Turkey Vessel traffic in the Dardanelles will be one-way between 06:00 and 16:00 hours from today (4 December) to...
December 4th, 2018 | Maritime Accidents, Port Conditions, Ports & Terminals, Salvage, Towage, Wreck Removals | Read More

FUGRO’s IRM efficiencies reduce and attract new North Sea clients

FUGRO’s IRM efficiencies reduce and attract new North Sea clients
Fugro’s IRM service efficiencies have accelerated projects and reduced costs and risks. Reaffirming its market-leading position in the UK North Sea ROV inspection market, Fugro has attracted seven new clients for its IRM services. Recent work includes significant pipeline and structure...
December 4th, 2018 | Energy, Environment, Marine Equipment Products and Services, Underwater Shipping | Read More

Seafarer survives four days at sea with fractured spine after fall

Seafarer survives four days at sea with fractured spine after fall
Seafarer Adriano Gicos is recovering in hospital with support from Sailors’ Society port chaplain Ailton De Souza A Filipino seafarer is recovering in hospital after fracturing his spine falling from a ladder on 14 November. Adriano Gicos, 55, was descending into the ship’s hold when he slipped...
December 4th, 2018 | Charity, Health and Safety, HR, Manning - Seafarers and Offshore | Read More

ABB enables groundbreaking trial of remotely operated passenger ferry

ABB enables groundbreaking trial of remotely operated passenger ferry
ABB Ability™ Marine Pilot Control Ice-class passenger ferry Suomenlinna II was remotely piloted through test area near Helsinki harbor, proving that human oversight of vessels from anywhere is achievable with today’s technologies With this historic trial in the Finnish capital’s port last week,...
December 4th, 2018 | Marine Equipment Products and Services, Shipbuilding and Shipyards, Technical, Technology | Read More

Real-world testing and scaling phase for Maritime Blockchain Lab’s Fuels Assurance Platform in preparation for commercialisation

Real-world testing and scaling phase for Maritime Blockchain Lab’s Fuels Assurance Platform in preparation for commercialisation
Picture credit: Matthew Henry/Burst Maritime Blockchain Labs announce real-world testing phase for technology solution that enhances traceability and trust in bunker fuel supply chain Copenhagen, 4 December 2018: Maritime Blockchain Labs (MBL), a partnership set up between Lloyd’s Register Foundation...
December 4th, 2018 | Bunkering, Marine Equipment Products and Services, Ports & Terminals, Technical, Technology | Read More

European Central Bank, IMF, and Political Risk podcast

European Central Bank, IMF, and Political Risk podcast
Vítor Constâncio, vice-president of the European Central Bank   City Lecture with Vítor Constâncio Wednesday 23 January, 10:30 London A city lecture with Vítor Constâncio, vice-president of the European Central Bank who served from June 2010-May 2018. The lecture focuses on the developments...
December 4th, 2018 | Banking, Conferences, Seminars, Forums, Finance | Read More

Duck Creek Technologies Noted in 2018 Gartner Magic Quadrant Report for Non-Life Insurance Platforms, Europe

Duck Creek Technologies Noted in 2018 Gartner Magic Quadrant Report for Non-Life Insurance Platforms, Europe
Bart Patrick London, UK, 4/12/2018 – Duck Creek Technologies Europe (DCTE) is delighted to announce that its parent company, Duck Creek Technologies, has been positioned as a Leader in the 2018 Gartner “Magic Quadrant for Non-life Insurance Platforms, Europe”. Headquartered in Boston, USA, Duck...
December 4th, 2018 | Company Profiles, Insurance and Reinsurance, Marine Insurance | Read More

Daily Overview of Global Markets & the SEE Region (Tuesday, December 4, 2018)

Daily Overview of Global Markets & the SEE Region (Tuesday, December 4, 2018)
HIGHLIGHTS WORLD ECONOMIC & MARKET DEVELOPMENTS GLOBAL MARKETS: Yesterday’s market relief following the ceasefire trade agreement between the US President and his Chinese counterpart on the sidelines of the G20 meeting proved short-lived. European bourses opened lower today and US stock futures...
December 4th, 2018 | Banking, Finance, Markets, Reports, Shipfinance, Statistics, Stock Markets, Trade and Commerce | Read More

Oslo Børs: Ice Group approved for listing

Oslo Børs: Ice Group approved for listing
04/12/2018 – Oslo Stock Exchange has resolved to admit the shares in Ice Group ASA to listing on Oslo Børs. It is stipulated that the company prior to the first day of listing must satisfy the listing requirements on Oslo Børs. The Chief Executive Officer of Oslo Børs determines the date...
December 4th, 2018 | Statistics, Stock Markets | Read More

IAPH LNG bunkering audit tool already used to licence operations at Port of Rotterdam

IAPH LNG bunkering audit tool already used to licence operations at Port of Rotterdam
.. “By 2020, our estimate is that we will have granted nine licenses to LNG bunker providers to operate at the Port of Rotterdam; six of the licenses are already for regular use in port LNG bunker operations to refuel LNG-powered cruise, cargo, tanker and container vessels. Three licenses will...
December 4th, 2018 | Bunkering, LNG, Marine Equipment Products and Services, Ports & Terminals, Technical, Technology | Read More

Wärtsilä introduces a lifeboat for buildings, a product that should never exist, at Slush Helsinki 2018

Wärtsilä introduces a lifeboat for buildings, a product that should never exist, at Slush Helsinki 2018
Lifeboats for buildings Wärtsilä Corporation 4 December 2018 at 08:00 AM EET – The technology group Wärtsilä launches a product at Slush Helsinki 2018 that should never see the light of day: a lifeboat for buildings. The lifeboats could be used in severe flooding and rising sea levels caused...
December 4th, 2018 | Earthquakes, Tsunamis, Cyclones and Typhoons, Health and Safety, Marine Equipment Products and Services, Technology | Read More

The BDI@1,203: future imperfect

The BDI@1,203: future imperfect
John Faraclas – picture credits Panagiotis Tsakos Photography – The BDI (Baltic Dry Index) lost 28 points earlier on today thanks, once again to the Capes losing whatever more or less gained during the past ten days… Geopolitical chaos gets another extension before Armageddon’s arrival…...
December 3rd, 2018 | Chartering, Climate, Comment, Conferences, Seminars, Forums, Dry Bulkcarriers, Emissions, Environment, Events, Conferences,Forums and Symposiums, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Hot Port News from GAC

Hot Port News from GAC
03-Dec-2018 TARIFFS FOR 2019/20-2021/22 South Africa ANCHORING OF VESSELS OFF TUAS VIEW EXTENSION Singapore Tariffs for 2019/20-2021/22 Monday, December 3, 2018, South Africa On 1 August 2018, the National Ports Authority applied to the Port Regulator of South Africa for approval of the tariffs for services...
December 3rd, 2018 | Port Conditions, Ports & Terminals | Read More

Cylinder Oil analysis – the sweet spot for improvement

Cylinder Oil analysis – the sweet spot for improvement
Delegates outside the QE2 Dubai, 29 November 2018 – ExxonMobil, the largest publicly traded international oil and gas company, presented an advanced onboard condition monitoring program to optimize engine performance to 146 ship owners/managers, executives from shipyards, engineering firms, oil...
December 3rd, 2018 | Bunkering, Events, Conferences,Forums and Symposiums, IMarEST, Technical, Technology | Read More

HFW helps BIMCO draft first cyber security clause

HFW helps BIMCO draft first cyber security clause
William MacLachlan, senior associate, HFW Global, sector-focused law firm HFW has helped shipping association BIMCO draft its first cyber security clause. The new clause, which is designed for use in a broad range of contracts, is due to be published in May 2019.  It requires parties to have plans and...
December 3rd, 2018 | BIMCO, Legal, News, Safety and Security | Read More

NSSLGlobal acquires Station 711 business unit from MX1

NSSLGlobal acquires Station 711 business unit from MX1
The NSSLGlobal Redhill office Redhill, UK, 3 December 2018 — Award-winning global satcom provider NSSLGlobal and MX1, a fully owned subsidiary of SES, have entered into an agreement under which NSSLGlobal has acquired the assets and activities of Station 711, a business unit within MX1 focussed on...
December 3rd, 2018 | IT and Communications, Mergers and Acquisitions | Read More

Swiss Climate EcoCare GmbH and Korean Register sign MoU for IMO DCS services

Swiss Climate EcoCare GmbH and Korean Register  sign MoU for IMO DCS services
l to r: Michael Suhr Korean Register and Philipp A. Ahrenkiel and Nico Krumbeck both Swiss Climate EcoCare GmbH. A memorandum of understanding (MOU) has been signed between Korean Register (KR) and Swiss Climate EcoCare GmbH to provide enhanced IMO DCS (International Maritime Organization, Data Collection...
December 3rd, 2018 | Classification Societies, Emissions, Environment, Marine Equipment Products and Services | Read More

Thordon solves Navenor bearing problem

Thordon solves Navenor bearing problem
Based on the success of the SXL retrofits, Salinor/Navenor approached Thortech to supply a complete bearing and seal package for the shallow draught bulker Comandante Paschoal Thordon Bearings has completed a range of water-lubricated and grease-free bearing installations to a third salt lugger in the...
December 3rd, 2018 | Marine Equipment Products and Services, Technical, Technology | Read More

North P&I Club’s Alan Lo retires after 23 years with the Club

North P&I Club’s Alan Lo retires after 23 years with the Club
Alan Lo December 3, 2018 – After over 23 years of service, Alan Lo, the Director of North’s Hong Kong office, retired on 30 November. Alan has served the Club and its members with distinction throughout this period and has been a respected ambassador and a good friend and colleague to all at...
December 3rd, 2018 | Company Profiles, HR, Marine Insurance, P and I Clubs, Person Profiles | Read More