European Union

The BDI@629: stuck, coincidence, the beginning of an upturn…? Time will tell!

John Faraclas

The BDI (Baltic Dry Index) remained unchanged at 629 points “offering” a deep breath to all… Time, as per our titles ending, will tell… We still advise CAUTION! Geopolitics still messy and perplexed and MP Costis Hatzidakis of Greece’s opposition vice president of New Democracy tries his best at the LSE… John Faraclas’ daily recap:

The fall of the Capes continued and the BCI now stands at 929 – minus 43 points…

The Panamaxes’ BPI remained at 553 points.

Eight points down for the Supras...

http://www.allaboutshipping.co.uk/2019/02/06/the-bdi629-stuck-coincidence-the-beginning-of-an-upturn-time-will-tell/

UK to ease first-period trades with EU

Most goods arriving from the European Union will be allowed into Britain without full customs checks for at least three months if it leaves the bloc without an exit deal, the British government said on Monday, Feb. 4.

With less than two months until Britain is due to leave on March 29, Prime Minister Theresa May has yet to get her Brexit deal agreed by parliament and the government has been stepping up its plans for the chance of a disorderly exit.

Freight companies have warned a ‘no deal’ Brexit...

http://container-news.com/uk-ease-firt-period-trades-eu/

EU, Japan open free trade zone

Businesses and consumers across Europe and in Japan can now take advantage of the largest open trade zone in the world

The Economic Partnership Agreement between the EU and Japan enters into force today, February 1, 2019. Businesses and consumers across Europe and in Japan can now take advantage of the largest open trade zone in the world.

President of the European Commission Jean-Claude Juncker said: “Europe and Japan are sending a message to the world about the future of open and fair trade. We...

http://container-news.com/eu-japan-open-free-trade-zone/

Brexit? Business as usual! No fear!

John Faraclas opposite the place his used to work in 1974

Brexit? Business as usual! No fear!

John Faraclas takes a tour down his own memory lane; an unforgettable good little adventure…

The dubious work of propaganda and dirty party politics as well as international envy towards the United Kingdom should come to an end forthwith.

Mrs. May has to deliver, this is her task to honour the referendum’s result even if that was just for one vote only; end of the story! The result and the wish of the...

http://www.allaboutshipping.co.uk/2019/01/12/brexit-business-as-usual-no-fear/

Why Trump is wrong on Powell, Advancing the European regulatory agenda

The Fed

Commentary: Why Trump is wrong on Powell

By Mark Sobel in Washington

President Trump has shown spurious reasoning in attacking the Fed and Chairman Jay Powell. It would be a huge disservice to America, the Fed and its independence if a debate over monetary policy gave succour to Trump’s attacks. Now is the time to vigorously protect Fed independence. A reasonable debate can be conducted about the Fed rate hike. But all should recognise that both sides have plausible arguments. A 25 basis...

http://www.allaboutshipping.co.uk/2019/01/02/why-trump-is-wrong-on-powell-advancing-the-european-regulatory-agenda/

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/

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/

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/

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