Home / Author Archives: hellenicshippingnews... (page 5573)

Author Archives: hellenicshippingnews...

Brexit and the impact of new trade ties on the UK outlook

Despite the deal, there’s been plenty of disruption The dust has begun to settle on the new UK-EU trade deal, where initial pre-Christmas relief has quickly given way to widespread reports of disruption. The deal achieved tariff-free trade, but the UK’s exit from the single market and customs union has heralded large – and abrupt – changes to the way the UK trades with Europe. So what’s been happening? Well firstly, it’s pretty clear that trade between the EU and UK has slowed noticeably since the start of the year. ...

Read More »

RCEP to take effect by end of this year

The Regional Comprehensive Economic Partnership agreement is expected to take effect by the end of this year, enabling more than one-third of China’s foreign trade goods to enjoy zero tariffs in the next stage, a senior government official said on Monday. Commerce Minister Wang Wentao said the pact will drive the opening-up of services and investments, promote trade facilitation and improve the business environment in the country. China will take the opportunity to expand trade and investment activities in the region, stabilize industrial and supply chains and form new advantages ...

Read More »

Foreigners poured money into China as the world struggled with the coronavirus pandemic

Foreigners put more of their money in China last year as the country’s size and growth stood out in a world still trying to manage the coronavirus pandemic. In the capital city of Beijing, foreign investors claimed more than a third of commercial real estate deals, an increase from prior years, property manager JLL said Thursday. “Beijing is expected to remain a strong choice for foreign investors, particularly as the nation’s capital is predicted to see more signs of recovery sooner than most other major markets overseas,” Michael Wang, senior ...

Read More »

Biden plans to reverse Trump policies during first days in office

U.S. President-elect Joe Biden plans to sign dozens of executive orders and send sweeping bills to Congress in his first days in office, aiming to roll back some of Donald Trump’s signature policies on immigration and climate change while taking action to ramp up the government’s response to the coronavirus crisis. Here is a list of what to expect, according to interviews with several of Biden’s advisers, a review of campaign promises and a recent memo by the president-elect’s incoming chief of staff Ron Klain. COVID-19 CRISIS Seek a $1.9 ...

Read More »

EU firms blame Brexit for delivery chaos as shoppers hit with extra fees

European retailers have blamed Brexit for delivery delays and the extra fees shoppers have to pay. Companies, such as & Other Stories, Asics, Sezane and Goodhood have pointed the finger at Brexit amid delivery hold-ups lasting days or sometimes weeks. Consumers who buy items from EU retailers have also been hit extra fees of up to £5 ($7) on fashion items shipped from the bloc. Some retailers and delivery firms have said that they are charging fees to cover the cost of the extra Brexit red tape. Parisian fashion brand ...

Read More »

Trump’s legacy: A more divided America, a more unsettled world

When President Donald Trump delivered his inaugural speech on Jan. 20, 2017, he promised an end to “American carnage,” a bleak and dysfunctional nation he had promised that he alone could fix. Closing out his presidency exactly four years later, Trump leaves behind an even more polarized America, where thousands are dying daily from the COVID-19 pandemic, the economy is badly damaged and political violence has surged. Trump didn’t create the bitter differences that have come to define American life. Still, he seized upon many of them as tools to ...

Read More »

MMi Daily Iron Ore Index Report January 20 2021

PBF closed between 1135- 1145yuan/mt in Shandong and Tangshan. Low-grade products remained bullish on good demand, SSF in the port stock

Read More »

Asian fuel oil market activity gathers pace on re-stocking, utility demand

The Asian low sulfur fuel oil market is seeing heightened activity in January due to a double whammy of demand from the regional utility market and from sellers looking to re-stock after running down inventories in December in the lead-up to year end. A surge in demand for low sulfur material from the utilities sector to meet peak winter season heating demand, especially from North Asian markets that have traditionally relied instead on cleaner burning fuels like LNG, has prompted LSFO suppliers to sit up and plan balances in January ...

Read More »

MABUX: Bunker market this morning, Jan.20, 2021

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO and MGO in the main world hubs) rose slightly on Jan.19: 380 HSFO – USD/MT – 362.96 (+0.07) VLSFO – USD/MT – 459.00 (+1.00) MGO – USD/MT – 514.81 (+0.68) As of January 19, a correlation of the MBP Index (Market Bunker Prices) vs the DBP Index (MABUX Digital Bunker Prices) in the four global largest hubs showed that 380 HSFO fuel remained undervalued in two ports: Rotterdam and Singapore (by $ 15 and $ 10, ...

Read More »

BIMCO welcomes Danish move on navy in Gulf of Guinea

BIMCO welcomes the appointment of a Danish Special Representative for Maritime Security in the Gulf of Guinea, Ambassador Jens-Otto Horslund. “While it is understandable that Nigeria does not want foreign navies in their territorial waters, we hope that Ambassador Horslund will be able to garner broad support for an antipiracy operation as mandated by the UNCLOS convention, i.e. in international waters just outside Nigeria’s 12 nautical mile limit,” says Jakob P. Larsen, BIMCO Head of Maritime Safety & Security. BIMCO has been advocating for collaboration between Nigerian law enforcement and ...

Read More »

Navigator Holdings Ltd Continues Its Drive To Pioneer Sustainability In The Shipping Sector And Decarbonise The Maritime Supply Chain By Announcing Its First Carbon-Neutral Voyage

Navigator Holdings Ltd. announced the first carbon-neutral Handysize LPG voyage. Navigator Capricorn, a 20,550cbm semi-refrigerated gas carrier, loaded LPG for U.S. midstream company Sunoco Partners Marketing & Terminal L.P. on 18th January 2020. The voyage commenced at the Marcus Hook export terminal located in Pennsylvania, U.S., and is set to transport cargo safely, reliably and efficiently across the Atlantic to Morocco. In collaboration with the Norwegian climate and technology company CHOOOSE, Navigator has committed to offset 1,068 metric tonnes of CO2 by supporting a UN-verified renewable energy project. The IslaSol ...

Read More »

DNV GL approves tech giant IBM’s Maximo software for maritime and offshore sectors with SRO Solutions, part of the Cohesive Companies

The latest version of IBM’s Maximo Enterprise Asset Management (EAM) software, an essential industry tool that helps ship owners maintain their vessels in accordance with international regulations, has been granted type approval by classification society DNV GL. The certification process for Maximo version 7.x was overseen by Manchester-based maritime and offshore specialist IT firm SRO Solutions, part of the Cohesive Companies . Shipowners are legally required to implement a Planned Maintenance System (PMS) to ensure their vessels are operated and maintained in accordance with class and manufacturer requirements. Maximo fulfils ...

Read More »

Valmet introduces advanced water treatment technologies for marine industry

Valmet is enhancing emission control with its patented and fully automatic water treatment solution for the marine scrubber system and exhaust gas recirculation system. The solution goes in line with the International Maritime Organization (IMO) guidelines for the marine business. The introduction of the Valmet Marine Water Treatment system is part of Valmet’s continuous development of marine solutions towards more sustainable ship transport. Already years ago, Valmet has been the first supplier to introduce a hybrid scrubber to the market. Valmet Marine Water Treatment system consists of four different modules ...

Read More »

KVH Partners with GreenSteam for KVH Watch Maritime IoT Solution

KVH Industries, Inc., (Nasdaq: KVHI), announced today that GreenSteam, developers of vessel performance optimization solutions for a sustainable shipping industry, has joined the KVH Watch® Solution Partner program and will offer the KVH Watch service as part of its enhanced performance platform for improved data mobility. KVH Watch’s dedicated connectivity will support GreenSteam’s core services, facilitating the movement of data from vessels to shore-based analysts more frequently and reliably in real-time. This will enable customers to better understand the factors leading to fuel wastage and develop more effective sustainability optimization ...

Read More »

Tapiit Live stages first ever live-stream mass to seafarers worldwide

Tapiit Live, the Liverpool based maritime training company, has staged the first ever live-stream mass to seafarers aboard an offshore support vessel. The inaugural ‘offshore live mass’ was broadcast over WIFI by Father Paulo H Prigol, chaplain of ship-visiting network Stella Maris Manila, a catholic charity which cares for seafarers and their families. The broadcast was made to the vessel sailing from America to the East while Father Paulo conducted the mass from Manila while production of the filming was managed live by Tapiit’s team in Liverpool. The ‘Simbang Gabi’ ...

Read More »

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping
error: Content is protected !!
×