Greece
CSSC Shipping fixes suezmax deal with the Restis family
Greece’s Restis family has sold a suezmax to CSSC Shipping, according to a release on the Hong Kong Stock Exchange from the the Chinese shipbuilder subsidiary. Under terms of the deal, the Greek outfit will take the two-year-old on a 10-year bareboat charter. The ship is worth $56.25m, CSSC...
https://splash247.com/cssc-shipping-fixes-suezmax-deal-with-the-restis-family/
Capes’ volatility brings down the BDI; Geopolitical and Coronavirus uncertainty rules …the waves
Capes’ volatility brings down the BDI; Geopolitical and Coronavirus uncertainty rules …the waves
The BDI (Baltic Dry Index) lost 41 points and now stands at 1,121 “thanks” to Capes’ three digit losses… Geopolitics in tandem with Coronavirus will turn everything upside down. John Faraclas’ brief daily recap:
The Capes’ BCI was down 140 points and now reads 1,279 losing both thresholds – that of 1,400 and 1,300 respectively. Is this the beginning of a free fall or just a normal and...
COLUMN | Do it yourself: oil companies buy rigs and boats in bargain basement (except Energean) [Offshore Accounts]
Boat and rig prices fall. Oil and gas producers buy boats and rigs because they are so cheap. Oil and gas producers own and operate the cheap boats and rigs themselves ..
GLOBAL & REGIONAL DAILY (Tuesday 8 December, 2020)
GLOBAL & REGIONAL DAILY (Tuesday 8 December, 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
December 8 2020
Global Markets
Global equities came under pressure and government bonds advanced, as pandemic anxiety outweighs hopes for more fiscal stimulus and vaccines. The USD advanced modestly, not far from Friday’s 2½-year low of 90.471, while the GBP rose on hopes of a meeting between UK PM Johnson and EC President Von der Leyen to salvage a Brexit trade deal.
Greece
According to ELSTAT, the total value of...
https://allaboutshipping.co.uk/2020/12/08/global-regional-daily-tuesday-8-december-2020/
FEATURE | Fifty years of foiling
The following is the keynote address delivered by Baird Maritime co-founder Dr Neil Baird at the fiftieth anniversary virtual symposium of the International Hydrofoil ..
GLOBAL & REGIONAL DAILY (Friday 4 December, 2020)
GLOBAL & REGIONAL DAILY (Friday 4 December, 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
December 4 2020
Global Markets
Oil prices extended recent gains, with Brent crude rising to an eight-month high close to $50/bbl earlier today, after OPEC+ agreed y-day to ease oil output cuts, adding 500k barrels a day to the market in January. Ahead of today’s US non-farm payrolls, the EUR-USD maintained an upward trend, standing close to y-day’s 2 ½-year peak of 1.2175.
Greece
On the pandemic front, the number of...
https://allaboutshipping.co.uk/2020/12/04/global-regional-daily-friday-4-december-2020/
GLOBAL & REGIONAL MONTHLY (Thursday, 3 December 2020)
GLOBAL & REGIONAL MONTHLY (Thursday, 3 December 2020)
GLOBAL & REGIONAL MONTHLY (December 2020)
HIGHLIGHTS
The Q3 GDP growth rebound has been robust and broad-based across countries around the world. The strong momentum seems to have been carried into the start of Q4, but the resurgence of Covid-19 cases and consequent containment measures are expected to weigh on economic activity in the remaining months of the quarter, albeit to a smaller degree than in the first pandemic wave in the spring.
Our...
https://allaboutshipping.co.uk/2020/12/03/global-regional-monthly-thursday-3-december-2020/
GLOBAL & REGIONAL DAILY (Thursday 3 December, 2020)
GLOBAL & REGIONAL DAILY (Thursday 3 December, 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
December 3 2020
Global Markets
Poor US data y-day allowed US Treasuries to recover some ground, but gains were limited, amid rising optimism about a Covid-19 vaccine roll out soon and hopes for a $908bn fiscal stimulus package. In FX markets, the EUR-USD rally continues, hitting a fresh year-to-day peak of 1.2139 earlier today.
Greece
The headline PMI Manufacturing for Greece posted 42.3 in Nov., down from 48.7 in...
https://allaboutshipping.co.uk/2020/12/03/global-regional-daily-thursday-3-december-2020/
Atlantic Bulk Carriers offloads its last panamax
Greek dry bulk owner Atlantic Bulk Carriers has sold its last panamax bulker according to brokers. Both Allied and Intermodal are reporting that Atlantic has sold the 2001-built geared panamax bulker to Vietnam’s Hoanh Son Group for $7.1m. The price is significantly higher than the market value of...
https://splash247.com/atlantic-bulk-carriers-offloads-its-last-panamax/