HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS:Wall Street managed to close well off the mid-session sell-offs overnight (Dow Jones, S&P 500 and Nasdaq closed -0.3%, -0.2% and +0.4%, respectively), while the majority of Asian equity indices traded higher on Friday. Core government bonds extended their recent rally, with the 10-yr UST and Bund yields plunging to a three-month low of 2.83% and a six-month low of 0.22% y-day, respectively. In FX markets, the US dollar recovered...
The Office of Foreign Assets Control (OFAC) has issued an advisory notice concerning the risks of transporting petroleum shipments to Syria. OFAC warns that such actions could breach U.S. sanctions.
OFAC advises, in the strongest terms, against the carriage and supply of such cargoes to the Syrian Government or any other Specially Designated National (SDN).
Acting this way would be in breach of U.S. sanctions and would potentially open the carrier to the full force of penalties from the U.S....
https://safety4sea.com/us-issues-notice-for-petroleum-shipments-to-syria/
Jan De Nul has announced the signing of a 25-year concession agreement with the Municipality of Guayaquil, Ecuador
https://www.porttechnology.org/news/concession_agreed_for_ecuador_dredging_project
Singapore authorities will not allow Noble Group to transfer its listing status to New Noble.
https://worldmaritimenews.com/archives/266240/nobles-relisting-plans-face-a-hurdle/
On 6 December, the EU and South Korea discussed the South Korean shipping and shipbuilding state subsidies measures in the context of the EU – South Korea Free Trade Agreement (FTA) implementation.
SEA Europe (the European Shipyards and Maritime Equipment Association) and ECSA expressed their satisfaction of these discussions, as European shipbuilding and maritime equipment industry and European shipowners, need a global level playing field and benefit from fair trade and competition as well as...
https://safety4sea.com/eu-south-korea-boost-discussions-on-free-trade-agreement/
Petros Pappas-led bulker owner picks up an initial 13,325 shares under $50m programme.
https://www.tradewindsnews.com/finance/1650867/star-bulk-makes-first-purchase-under-share-buyback
Associations say action is necessary to protect trade
https://www.porttechnology.org/news/shippers_welcome_eus_south_korea_plans
What threat does the US-China trade war pose?
Monetary authority and stock exchange cite “significant uncertainties” for decision.
https://www.tradewindsnews.com/finance/1650907/singapore-regulator-block-noble-groups-re-listing
