European Union

Shipping Industry Urges European Commission To Extend Consortia Block Exemption Regulation

shipping

Four trade associations representing the international liner shipping industry today submitted comments to the European Commission supporting extension of the EU consortia block exemption regulation (“BER”) for an additional five years beyond its current 2020 expiration date.

The papers were submitted in the public consultation being held by the Commission’s Directorate-General for Competition (DG COMP) by the World Shipping Council (WSC), the European Community Shipowners’ Associations (ECSA),...

https://www.marineinsight.com/shipping-news/shipping-industry-urges-european-commission-to-extend-consortia-block-exemption-regulation/

Ministers head for cliff edge by failing to end overfishing

After a long night of negotiations, the EU’s Fisheries Council agreed fishing limits for the North Sea and North-East Atlantic that will see overfishing continue in 2019. This was the penultimate chance for Ministers to meet their legal obligations under the Common Fisheries Policy to end overfishing for all stocks by 2020 at the latest. 

For many stocks, including cod of the west of Scotland or pollack in the Celtic sea, the Ministers agreed fishing limits above the scientifically-advised...

http://www.allaboutshipping.co.uk/2018/12/19/ministers-head-for-cliff-edge-by-failing-to-end-overfishing/

House of Commons to vote on Brexit deal after Christmas recess; potential voting outcomes

Global Economic & Market Outlook (December 19, 2018)

House of Commons to vote on Brexit deal after Christmas recess; potential voting outcomes

UK Prime Minister Theresa May announced that her government will bring the Brexit deal back to parliament the week commencing on 14 January. After failing to receive further concessions from the EU leaders on the Irish border backstop — the most controversial item in the Withdrawal Agreement – that could potentially help her to secure majority support, the...

http://www.allaboutshipping.co.uk/2018/12/19/house-of-commons-to-vote-on-brexit-deal-after-christmas-recess-potential-voting-outcomes/

EFIP welcomes and supports the European Parliament position on the Connecting Europe Facility for 2021-2027

Turi Fiorito

14 December 2018 – On 12 December the European Parliament adopted its final position on the TRAN/ITRE report from Rapporteurs Marinescu, Telička and Virrkkunen on the Connecting Europe Facility (CEF) for the 2021-2027 period, the so-called “CEF II”.  

The European Federation of Inland Ports (EFIP) wholeheartedly welcomes the expanded budget for transport by €7bn to a total of €33.51bn (in constant prices). This budgetary increase was the main objective of the Transport coalition “More...

http://www.allaboutshipping.co.uk/2018/12/14/efip-welcomes-and-supports-the-european-parliament-position-on-the-connecting-europe-facility-for-2021-2027/

The BDI@1,401 within the context of a new Geopolitical mayhem…

John Faraclas

The BDI (Baltic Dry Index) was up 36 points earlier on today and 29 since last week’s closing of 1,372 points – despite earlier mild hiccups (11 and 12 of Dec). Thanks to the volatile and predictably unpredictable Capes, it managed to stay afloat and “offer” a possible Christmas gift to all of shipping’s stakeholders. Geopolitical turmoil: too much perplexed. John Faraclas’ daily and weekly recaps:

The Capes’ BCI enjoyed a triple digit rise ending the day at 2,383 – a 203 plus...

http://www.allaboutshipping.co.uk/2018/12/14/the-bdi1401-within-the-context-of-a-new-geopolitical-mayhem/

Power vacuum points to no-deal Brexit, The retreat of globalisation

Commentary: Power vacuum points to no-deal Brexit

Theresa May

By Joergen Oerstroem Moeller in Singapore

With her back to the wall, Theresa May seems to have forged a strategy to achieve her goals, however lofty or improbable they seem. If the opposition parties in parliament and those Conservatives who voted against her in Wednesday’s leadership challenge stand firm against May, the prime minister’s deal with Europe will fail. A power vacuum seems likely to arise in London. Unless May miraculously...

http://www.allaboutshipping.co.uk/2018/12/14/power-vacuum-points-to-no-deal-brexit-the-retreat-of-globalisation/

First non-EU ship recycling yards join EU List of approved facilities

LEYAL and LEYAL-DEMTAS join the EU list following independent verification from Lloyd’s Register (LR)

13 December 2018 – The European Commission published the fourth version of the ‘European List of ship recycling facilities’ last week, adding six new yards, taking the total up to 26. It includes 23 facilities located in European Union (EU) member states, and for the first time ever, three located in non-EU member states – LEYAL and LEYAL-DEMTAS in Turkey and a facility in the USA.

From 31...

http://www.allaboutshipping.co.uk/2018/12/13/first-non-eu-ship-recycling-yards-join-eu-list-of-approved-facilities/

Podcast: Ahead of the ECB Expected end of QE and implications for markets

Podcast: Ahead of the ECB

Expected end of QE and implications for markets

Marcin Stepan, deputy head of meetings at OMFIF, is joined by Francesco Papadia, fellow at Bruegel and former director general for market operations at the European Central Bank, and Alexander Petrov, assistant vice-president of policy and research in the official institutions group of State Street Global Advisors. They discuss the potential outcomes of the December 2018 ECB monetary policy meeting being held tomorrow in...

http://www.allaboutshipping.co.uk/2018/12/12/podcast-ahead-of-the-ecb-expected-end-of-qe-and-implications-for-markets/

EU safeguard measures with Asian countries

End November, a provisional agreement on a proposal to include safeguard measures in trade agreements was reached by the EU Presidency and European Parliament representatives.

Such bilateral measures linked to trade agreements will allow for the temporary withdrawal of tariff preferences and are intended to protect a particular domestic industry from an increase in imports of any product which is causing, or which risks causing, serious injury to that industry. Such clauses are included in most...

http://container-news.com/eu-safeguard-measures-third-countries/

AKK’s rise: France, euro repercussions, City Lecture with Vítor Constâncio

Commentary: AKK’s rise – France, euro repercussions

By David Marsh in London

Annegret Kramp-Karrenbauer, the new leader of Germany’s principal governing party, faces a complex struggle to impose her will on her fractious Christian Democratic Union. She will pursue a more conservative path in key areas compared with still-Chancellor Angela Merkel. This has consequences for policies to stabilise the euro. ‘AKK’ is a long-time Merkel ally and, more recently, her designated successor. How well she...

http://www.allaboutshipping.co.uk/2018/12/10/akks-rise-france-euro-repercussions-city-lecture-with-vitor-constancio/

+ More