Home / Author Archives: hellenicshippingnews. (page 24)

Author Archives: hellenicshippingnews.

Overseas observers see strong rebound in China’s economy in first 2 months

Newly-released economic data for the first two months of this year show China’s economy has recovered better than expected, with strong rebounds seen in key areas. Overseas observers say the Chinese economy has shown good resilience in the face of pressures and challenges, expecting greater potential for the future. IMPROVING ECONOMIC INDICES Since the beginning of this year, with the implementation of the macro policy to stabilize growth, China’s industrial production, investment and consumption growth have accelerated, and its import and export volume also maintained a sound momentum in mounting. ...

Read More »

US Fed rate hike unlikely to derail China’s growth

The United States Federal Reserve’s fresh tightening cycle is unlikely to derail China from launching more robust monetary measures to support the economy, which could provide upside potentials in Chinese financial assets, experts said. Their remarks were in response to the Fed’s decision on Wednesday to raise key interest rates by a quarter of a percentage point to the range of 0.25-0.5 percent, embarking on a tightening cycle to tame inflation that could bring interest rates to about 1.9 percent by the end of the year. Experts said the tightening ...

Read More »

How Russia could use bankruptcy law to punish foreign companies

As foreign companies seek to exit Russia over the war in Ukraine, they face the prospect that Russian bankruptcy law could be used to seize assets and even lead to criminal penalties. Here is how that could work: HOW DOES RUSSIA’S BANKRUPTCY LAW DIFFER FROM BANKRUPTCY LAW IN THE UNITED STATES? In the United States, bankruptcy laws are meant to give indebted companies a fresh start. Distressed companies in the United States usually enter bankruptcy willingly and the law lets them retain existing management and control over assets. Russia’s law, ...

Read More »

Is China softening its policy response to COVID-19?

Contrary to the conventional view that China has pursued an invariably stringent (and therefore unsustainable) zero-COVID policy, evidence from newly available data on the Oxford COVID-19 Government Response Tracker (OxCGRT) reveals a rather different picture at a regional level. Data show that China’s policy became less stringent and more targeted during the national outbreaks of COVID in 2021, and again in confronting Omicron at the beginning of 2022. The OxCGRT Stringency Index (SI) records the strictness of closure and containment policies, which reduce contacts between people. Since late October 2021, ...

Read More »

Western companies wrestle with Russia ‘half-exits’

Western companies that maintain a presence in Russia to provide essential goods such as food and medicines are trying to strike a balance between President Vladimir Putin’s government and advocates of Ukraine pulling them in opposite directions. More than 400 companies have withdrawn from Russia since the launch of its attack on Ukraine on Feb. 24, according to a list compiled by Jeffrey Sonnenfeld, a professor at the Yale School of Management. They have left behind assets that were worth hundreds of billions of dollars in aggregate before the invasion, ...

Read More »

Weekly Vessel Valuations Report, January 04 2022

Tanker: Tanker values have firmed.

Read More »

Baltic Dry Index falls to 1,810, down 27 points

Today, Friday, January 22 2021, the Baltic Dry Index decreased by 27 points, reaching 1810 points.

Read More »

Baltic Dry Index climbs to 1,837, up 9 points

Today, Thursday, January 21 2021, the Baltic Dry Index climbed by 9 points, reaching 1837 points.

Read More »

Baltic Dry Index climbs to 1,828, up 62 points

Today, Wednesday, January 20 2021, the Baltic Dry Index climbed by 62 points, reaching 1828 points.

Read More »

Baltic Dry Index climbs to 1,766, up 26 points

Today, Tuesday, January 19 2021, the Baltic Dry Index climbed by 26 points, reaching 1766 points.

Read More »

Baltic Dry Index falls to 1,740, down 14 points

Today, Monday, January 18 2021, the Baltic Dry Index decreased by 14 points, reaching 1740 points.

Read More »

Baltic Dry Index falls to 1,754, down 38 points

Today, Friday, January 15 2021, the Baltic Dry Index decreased by 38 points, reaching 1754 points.

Read More »

Globus Maritime Announces New Charter for the M/V Star Globe

Globus Maritime Limited (the “Company” or “Globus”) (NASDAQ: GLBS), a dry bulk shipping company, announced today that it has secured new time charter employment for its vessel Star Globe (a 56,867-deadweight ton built Supramax dry bulk carrier built in 2010, at Kouan Shipbuilding Industry Shipyard in China). The vessel has been chartered to an unrelated charterer. The charter commences today, January 13, 2021, and has a minimum duration of five months (minus 15 days) and a maximum duration of eight months, at the charterer’s option (plus 15 days for redelivery), ...

Read More »

First LNG-powered ferry to serve UK takes to the water

The next ship to join Brittany Ferries’ fleet will be called Salamanca, and will be powered by cleaner LNG. Salamanca’s launch ceremony took place on 6th January 2021 at the CMJL shipyard in Weihai, China, where she is under construction. She is the second of three E-Flexer class ships ordered by Brittany Ferries and will join sister-ship Galicia, when she enters service in the spring of 2022. Fleet renewal is one of the pillars of Brittany Ferries’ five-year recovery plan. The investment in new ships was made well before the ...

Read More »

First Steamship joins Baumarine by MaruKlav

We are pleased to announce that First Steamship Co., Ltd. has decided to join the Baumarine by MaruKlav pool with the MV Ever Best (Beihai 82K design). The vessel was delivered in the beginning of January 2021. First Steamship was listed on the Taiwan Stock Exchange in 1965, becoming the first publicly listed shipping company in Taiwan. The vessel was operated by the MG Harrison Pool (previous Marubeni Pool) in the period from April 2017 till June 2019. Chief Operating Officer of First Steamship says, “We look forward to developing ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping