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UK plc’s risk appetite at “recessionary” level – Deloitte

Major British businesses’ appetite to take on financial risk has fallen to its lowest level in nearly a decade due to fears of “the hardest of Brexits” and rising U.S. protectionism, a survey by accountancy firm Deloitte showed. The world’s fifth-largest economy is less than eight weeks away from leaving its biggest trading partner, the European Union, and British lawmakers have so far refused to back a transition deal negotiated by Prime Minister Theresa May. Without a deal, businesses fear that major delays at ports for customs and other checks ...

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U.S.-China Trade War Talks: America Should Give China Room To ‘Fall’

America has the upper hand in the US-China trade war talks. That’s according to a number of China observers, who see a bigger chance for China to blink before the US does. One of them is Jeff Yastine, senior equities analyst at Banyan Hill Publishing. “Both have hard reasons to want some kind of a rapprochement on the trade impasse,” says Yastine. “But I give the upper hand to the US side as they meet late this week, despite the Trump administration’s bungling. While China aims to move its economy ...

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Bollard Pull test of Rawabi-9

After completion of major drydocking repairs, ODC conducted the Bollard Pull test of Rawabi-9 to a pull of 80T.

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Kalmar Crane Upgrades MSC Terminal Valencia project

Kalmar Crane Upgrades helps MSC Terminal Valencia extend capacity by upgrading their 8 STS cranes.

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Tanker Market Rates 05/02/2019

Daily rates on main tanker routes as compiled by shipbroker Charles R. Weber.

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Tracking sanctions-busting ships on the high seas

For a long time, being out at sea meant being out of sight and out of reach. And all kinds of shenanigans went on as a result – countries secretly selling oil and other goods to countries they’re not supposed to under international sanctions rules, for example, not to mention piracy and kidnapping. The problem is that captains can easily switch off the current way of tracking ships, called the Automatic Identification System (AIS), hiding their location. But now thousands of surveillance satellites have been launched into space, and artificial ...

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Tankers in Black Sea ablaze for more than a week

A fire has been raging onboard the tankers Maestro and Candy for more than a week already, no vessel movement or list was registered by Monday morning, an emergency source in the Southern Federal District told TASS. “The fire continues, there were no changes,” the source said. According to earlier reports, there were more than 4,500 tonnes of liquefied gas on the tankers. The list of the ships was observed in the previous days. According to another source, the Maestro’s list was 15 degrees aport. The vessels also started drifting ...

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Venezuelan pirates – the new scourge of the Caribbean

As Venezuela’s economy collapses, a tide of lawlessness is spreading to the nearby island of Trinidad. Its fishermen now live in fear of Venezuelan pirates, discovers Colin Freeman, while Venezuelan smugglers exchange drugs and guns for basic necessities. If your idea of a tropical paradise is based on what you’ve seen in tourist brochures, the coastline of south-west Trinidad will not disappoint. Golden beaches and coconut groves? Tick. Sleepy villages, full of fishermen snoozing under palm trees? Tick. A relaxed, laid-back vibe? Hmm. Actually, no. Take a closer look in ...

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Hong Kong authorities set to ramp up fight against air pollution from ships by flying drones to monitor emissions

Hong Kong environmental inspectors will take to the skies to police the city’s waters with drones to help enforce a new law requiring ships to burn cleaner marine fuels. The sensor-equipped drones designed by the University of Science and Technology will be flown into smoke plumes spewed from ships to conduct real-time measurements mainly of sulphur dioxide emissions. Dr Zhi Ning of the university’s environment and sustainability division, who led the one-year research project – funded by the Environmental Protection Department at a cost of HK$1.1 million (US$140,193) – said ...

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DP World chairman: 2019 will be challenging for ports operator

The chairman of Dubai’s DP World said the port operator was facing a challenging 2019 and the US-China trade dispute had created uncertainty in the market. Sultan Ahmed bin Sulayem said he expected both sides to reach an agreement and that the company would be able to cope, whatever happened with US-China trade negotiations. Source: Reuters

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CLARKSON PLATOU HELLAS S&P WEEKLY BULLETIN

NEW BUILDING: The focus of ordering this week in terms of volume has been on the container market feeder vessels. Atlantic Geneva (Sinokor)

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Newcastle Port says the South Pacific is its playground

The Port of Newcastle will set up an eight-person project team this month to do initial designs for a proposed $1.8 billion container terminal with the aim of becoming a trans-shipment hub for the east coast and Asia-Pacific. The design could reflect the desire of major operators for automated facilities capable of handling much larger ships, as the Port of Newcastle seeks to become a hub that distributes goods to other ports on Australia’s east coast, locations via rail, and to other ports in the Pacific, including New Zealand. The ...

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Transnet says coal exports expected to dip this year

Coal exports are expected to drop this year, following a disappointingly slow run over the past few months, says Transnet Freight Rail coal GM Mandisa Mondi. “For the current financial year, the target for export was 77-million tonnes. We are trending at 73-million tonnes. We hope to have a good February and March, but unfortunately we are seeing a cancellation in terms of orders,” she told the IHS Market Southern African coal conference, in Cape Town. “We are geared up to execute, but there are not enough tonnes. We will ...

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Some U.S. metals importers resigned to higher prices as Trump’s tariffs bite

U.S. metals importers that applied last year for exemptions from tariffs on steel and aluminum are losing hope the Commerce Department will approve their petitions, as the recent government shutdown added to a wait that for some has stretched to eight months without a ruling. Importers, ranging from pipeline giant Kinder Morgan Inc to a steel tube manufacturer Sanitube, have submitted some 64,000 requests to avoid tariffs of 25 percent on steel and 10 percent on aluminum that President Trump ordered last March, according to the latest Commerce Department data ...

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Experts do not foresee coal M&A, capex in 2019; sector, banks wary of investment

While US coal producers are hesitant to invest in new capacity at the moment, several industry professionals said at a recent energy event that they do not foresee widespread consolidation any time soon. Michael Bauersachs, president and CEO of Ramaco Resources, said that in a “difficult environment” in which the sector’s share prices are undervalued and investors are unwilling to take on debt, substantial mergers and acquisitions are unlikely. “Now should it happen is a different question,” he said during a panel Thursday at the 19th Coaltrans USA conference in ...

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