Dallas Federal Reserve Bank President Robert Kaplan said Tuesday he supports the U.S. central bank pressing forward “gradually and patiently” with interest-rate increases. Mr. Kaplan said he was “comfortable” if over the next year or so the Fed raised rates “another three times …That doesn’t seem...
https://www.hellenicshippingnews.com/feds-kaplan-is-comfortable-with-another-three-rate-rises/
The European Parliament’s Committee on Transport and Tourism (TRAN) adopted several critical amendments to a European Commission proposal to address pollution from ships in European waters. Negotiations with the Council of the European Union are now set to begin in early November. The proposed...
https://www.hellenicshippingnews.com/ship-waste-legislation-clears-major-hurdle-in-vote-yesterday/
Iranian oil exports dropped to a new low in September ahead of looming US sanctions, but some shipments not visible through vessel-tracking data are thought to be taking place. Total estimated export volumes on Aframaxes, Suezmaxes and VLCCs from Iranian ports sank by 11.5% to 1.7 million b/d in...
https://www.hellenicshippingnews.com/irans-oil-exports-slip-but-ghost-shipments-start-to-surface/
Chinese President Xi Jinping last month announced a new $60 billion financing package in aid, investment and loans to Africa, as the world’s biggest energy importer continues to expand its global influence. Part of that pledge will further underpin efforts by China’s state oil giants to help...
The Bank of England ratcheted up the pressure on the European Union to help stave off the threat a no-deal Brexit poses to trillions of pounds of derivative contracts and millions of insurance policies. The EU has made “only limited progress” in mitigating the financial-stability risks of a...
China has choked back on imports of liquefied petroleum gas (LPG) from the United States, traders and analysts said, turning to the Middle East for extra supplies amid the two countries’ trade dispute. China bought nearly 3.6 million tonnes of U.S. LPG in 2017, making the United States the...
https://www.hellenicshippingnews.com/china-slashes-u-s-lpg-imports-amid-trade-war/
There are many, many falsehoods out there about coal. The biggest, of course, is that “coal is dead,” an organized effort to scare away potential investors of the world’s most vital source of electricity. Indeed, the reality is quite different than what some insist that you believe. In fact, coal...
https://www.hellenicshippingnews.com/the-u-s-coal-export-boom-to-asia/
Oil and gas producers have shut 19 percent of oil production and 11 percent of natural gas production in the U.S. Gulf of Mexico ahead of Hurricane Michael, the Bureau of Safety and Environmental Enforcement (BSEE) said on Monday. The closures represent 324,190 barrels of oil per day and 283.88...
The head of Germany’s Bundesbank said global financial leaders needed to reform the world trade order to better protect intellectual property and tackle subsidy-driven distortions. Speaking before International Monetary Fund and World Bank meetings on Bali, Jens Weidmann said the reforms were vital...
https://www.hellenicshippingnews.com/world-leaders-must-tackle-subsidy-driven-trade-biases-germany/
Publication released on World Mental Health Day to promote the recognition of mental wellbeing as a key component of the health of seafarers, who live and work in conditions which sometimes generate not only physical but also psychological challenges. In a joint initiative, the American Club and...