The BDI (Baltic Dry Index) approached the danger zone, that of 2,000 points as the fall continued all through the week. Wets as always volatile and peculiar. The Ukrainian mess and damage for humanity will need, at least a generation to “heal” to all intents and purposes; and there is more to come from the spill over. SHAME! Covid spreads again as politicians’ hallucinations “made” them medical scientists… John Faraclas’ daily and weekly recap:
The BDI lost six points since...
Prospect, the trade union that represents surveyors working at the Maritime and Coastguard Agency (MCA), has joined with Nautilus International in calling for the MCA to ward off potential disaster by performing rigorous inspections before P&O Ferries vessels are permitted to sail.
In a safety critical industry such as shipping, the importance of a competent, well trained, experienced crew cannot be overstated. This is even more the case in a company such as P&O Ferries where – in addition to...
Anxiety rippling through financial markets as oil spikes over $110 a barrel over supply concerns
2 March 2022 – Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown
”Anxiety is again rippling through global financial markets with the fear of stagflation taking hold, as the Ukraine conflict ratchets up inflationary pressures and threatens to derail global growth. The price of oil spiked at $110 a barrel early on Wednesday the highest level it’s been in...
The BDI@2,076, Dirties up at 1,147 whilst Ukrainian chaos begins to shake Planet Ocean …and with Covid still around…
The BDI (Baltic Dry Index) was down 111 points since yesterday and now stands at 2076. On a weekly though basis the BDI was up 112 points from 1,964p. Dirties advance; a good sign or a tempo rise… The despicable situation in Ukraine continues and the West must not just impose the toughest of sanctions but go even beyond before it’s too late....
Why the West may sanction Russian Shipping Companies before it sanctions Oil & Gas
Commentary from Vivek Srivastava, Senior Trade Analyst at VesselsValue.
The outbreak of war in Eastern Ukraine has raised fears about the impact of further sanctions on global energy markets, coupled with the UK Prime Minister’s announcement today of “a massive package of economic sanctions” to come.
As far as the Shipping industry is concerned, so far, only...
Truce between Amazon and Visa will stem lost business but confusion still reigns for consumers
17 January 2022
Truce between Amazon and Visa will stem lost business but confusion still reigns for consumers
Susannah Streeter, senior investment and markets analyst Hargreaves Lansdown
‘’A truce has been called in the game of brinksmanship between Amazon and Visa with the e-commerce giant appearing to relent and allow credit card customers to continue shopping on the site. The two...
Responding to one of the most challenging years on record, North P&I Club confirms sustainable approach to the forthcoming renewal
Describing 2021 as “one of the most challenging years on record”, North P&I Club’s latest Pre-Renewal Report, published today, calls for “robust action” in the form of increasing mutual P&I rates at the forthcoming renewal to confront the challenge of mounting claims...
Anglo-French divergence widens…
Good Morning Monaco – Thursday, November 4, 2021
Anglo-French divergence widens
It’s not just the disagreements over fishing for French trawlers in UK waters, nor the AUKUS submarine affair that saw French hopes of a major defence deal smashed, that have soured relations in recent weeks…
Neighbours’ mask measures stay
The Prefect of the neighbouring Alpes-Maritimes has announced that mask measures will stay...
https://allaboutshipping.co.uk/2021/11/04/anglo-french-divergence-widens/
North P&I Club appoints Michael Asherson as Claims Director
North P&I Club has announced the appointment of Michael Asherson as Claims Director, in a return to the Club for one of shipping’s leading experts in maritime and insurance law after three years in private practice in his native South Africa.
Michael, who spent 18 years with North in the period up to 2018, returns to North’s Newcastle head office from 2 November to focus primarily on charter claims. The senior appointment...
