Maria Mavroudi live on her much-praised Kallichoron Art Boutique Hotel in Astypalea

Maria Mavroudi live on her much-praised Kallichoron Art Boutique Hotel  in Astypalea

Kallichoron Art Boutique Hotel has won awards for responsible business, corporate social responsibility, sustainability and for its delicious food. Now, like the entire tourism sector, this Dodecanese retreat on Astypalea Island enters a new era in which Coronavirus (COVID-19)  restrictions are reshaping the rules for hospitality. We asked Maria Mavroudi, a co-founder of the hotel and a marine insurance...

https://www.allaboutshipping.co.uk/2020/05/29/maria-mavroudi-live-on-her-much-praised-kallichoron-art-boutique-hotel-in-astypalea/

GLOBAL & REGIONAL DAILY (Friday 29, May 2020)

GLOBAL & REGIONAL DAILY (Friday 29, May 2020)

 GLOBAL & REGIONAL DAILY

HIGHLIGHTS

May 29 2020

Global Markets

Global equity markets were under some pressure earlier today on fears over increasing US/China tensions. US President Donald Trump will hold a news conference later today to announce the US reaction to China’s decision to pass from parliament yesterday the new national security law for Hong Kong.

Greece

The Economic Sentiment Indicator dropped to 88.5 units in May-20, which constitutes its...

https://www.allaboutshipping.co.uk/2020/05/29/global-regional-daily-friday-29-may-2020/

Capes dive again with Panamaxes “trying” to keep the “balance”…

John Faraclas

Capes dive again with Panamaxes “trying” to keep the “balance”…

The BDI (Baltic Dry Index) lost four points since yesterday and now stands at 502 and, possibly tomorrow, might go under the 500 points threshold. Geopolitics and Coronavirus coupled with the deepening Recession will soon create major tsunamis. John Faraclas’ brief midweek recap:

The Capes lost 39 points with the BCI at 108 and looks certain that the fall will continue, “supported” by China’s policy…

The Panamaxes did...

https://www.allaboutshipping.co.uk/2020/05/27/capes-dive-again-with-panamaxes-trying-to-keep-the-balance/

Memorandum of Cooperation between HELMEPA and the Ionian Islands Region

Dr. George Gratsos with Governor Rodi Kratsa-Tsagaropoulou during the signing of the MoC

Memorandum of Cooperation between HELMEPA and the Ionian Islands Region

With the aim to jointly promote educational and information sharing cooperation in the fields of Marine Environment Protection and Maritime Safety, HELMEPA and the Region of Ionian Islands have undertaken a specific initiative.

The agreement was formalized on Monday, May 25th, by signing a Memorandum of Cooperation between the Governor of...

https://www.allaboutshipping.co.uk/2020/05/27/memorandum-of-cooperation-between-helmepa-and-the-ionian-islands-region/

Kokura, the ship that helped transform containerisation, heads to Bangadesh demo yard

Costamare has announced the sale of the largest container vessel ever scrapped. Brokers Braemar ACM report that the 1997-built 7,403 teu will be recycled in Bangladesh having fetched a price of $323 per ldt. Alphaliner provides some background to the ship, built at Odense in Denmark, Maersk’s now...

https://splash247.com/kokura-the-ship-that-helped-transform-containerisation-heads-to-bangadesh-demo-yard/

Capes’ hiccups, Wets stagnation and Geopolitics coupled with Coronavirus fueling uncertainty

John Faraclas

Capes’ hiccups, Wets stagnation and Geopolitics coupled with Coronavirus fueling uncertainty

The BDI (Baltic Dry Index) clinched eight points surpassing the 500 points threshold and now stands at 506,   thanks to the Capes’ fall – which sends disruptive market messages… Geopolitics get worse but the international public being “fed”, mainly Coronavirus’ news fully ignore what’s really happening and what is looming in the background. John Faraclas’ daily recap post Bank Holiday...

https://www.allaboutshipping.co.uk/2020/05/26/capes-hiccups-wets-stagnation-and-geopolitics-coupled-with-coronavirus-fueling-uncertainty/

GLOBAL & REGIONAL DAILY (Monday, 25 May 2020)

GLOBAL & REGIONAL DAILY (Monday, 25 May 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

May 25, 2020

Global Markets

Focus this week is on the European Commission’s draft proposal on the new EU budget and the Recovery Fund, scheduled for Wednesday. Meanwhile, favored by rising US/China tensions, the USD retained a positive tone, with the EUR/USD hitting a multi-session low of 1.0870 earlier today.  US markets are closed today for Memorial Day.

Greece

Based on provisional data by the Bank of Greece, the...

https://www.allaboutshipping.co.uk/2020/05/25/global-regional-daily-monday-25-may-2020/