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Compliance vs Indifference

12 June 2019

Compliance vs Indifference

A tale of two cities…

In the last two weeks it has been my pleasure to travel to both Athens (Hellenic American Maritime Forum) and Oslo (NorShipping) and meet with maritime stakeholders. While all carry the passion for shipping, they are often diametrically opposed when it comes to compliance with the upcoming IMO 2020 regulations.

What is disheartening is the conversation I had in Athens the first week when I asked what was going to change in shipping on January 1,...

http://www.allaboutshipping.co.uk/2019/06/12/compliance-vs-indifference/

Daily Overview of Global Markets & the SEE Region (Wednesday, 12 June, 2019)

12 June 2019

Daily Overview of Global Markets & the SEE Region (Wednesday, 12 June, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Investors adopted a cautious stance against risk assets early today amid renewed trade woes with European bourses opening in the red, following modest losses in the majority of Asian equity markets. Fueling worries over a protracted US/China trade war, US President Donald Trump tweeted yesterday that he is “holding up” a trade deal with China and has no...

http://www.allaboutshipping.co.uk/2019/06/12/daily-overview-of-global-markets-the-see-region-wednesday-12-june-2019/

Palios makes tanker move as Performance Shipping confirms $60m acquisition of aframax pair

12 June 2019

Symeon Palios has confirmed a move into the tanker sector with a deal to acquire a pair of aframax tankers, a deal first reported by Splash. Broking reports were slightly wide of the mark however, initially reporting that the deal was done via Diana Shipping. Performance Shipping, formerly Diana...

https://splash247.com/palios-makes-tanker-move-as-performance-shipping-confirms-60m-acquisition-of-aframax-pair/

Avin heads to Korea for suezmax pair

12 June 2019

Greek owner Avin International has placed an order for two firm 158,000 dwt suezmax tankers at Hyundai Heavy Industries in South Korea, with brokers Intermodal reporting a price of $64m per unit. The ships, which deliver in 2021, are Tier II and will come fitted with scrubbers. On the large number...

https://splash247.com/avin-heads-to-korea-for-suezmax-pair/

Angelicoussis adds LNG carrier at DSME and eyes further orders

12 June 2019

Maran Gas Maritime, an affiliate of Greek owner Angelicoussis Shipping Group, has placed an order for one additional 174,000 cu m LNG carrier at South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME). The latest is the fifth LNG carrier Maran Gas has ordered at DSME this year. DSME said the...

https://splash247.com/angelicoussis-adds-lng-carrier-at-dsme-and-eyes-further-orders/

6 dead as boat transporting migrants sinks off Mytilene, Greece

11 June 2019

Six have lost their lives after a boat that was transporting migrants sank off the Greek island of Mytilene, on May 11. According to sources, another 58 people were rescued, which were then transported to the port of Mytilene.

After a boat that was transporting migrants sank off Mytilene, six people died. The boat sank at 7 a.m local time, about 2.5 miles off the island.

In addition, another 58 people were saved, and are now being transported to the port of Mytilene.

Moreover, boats of the...

https://safety4sea.com/6-dead-as-boat-transporting-migrants-sinks-off-mytilene-greece/

Diana Shipping fixes capesize pair

11 June 2019

Greek dry bulk owner Diana Shipping has fixed two of its capesizes, one to Peter Weernink’s new venture Singapore Marine and the other to Germany’s Oldendorff Carriers. The 2010-built cape New York has been fixed to Singapore Marine for a period of 17-19 months. The contract, which commenced last...

https://splash247.com/diana-shipping-fixes-capesize-pair/

Daily Overview of Global Markets & the SEE Region (Monday, 10 June, 2019)

10 June 2019

Daily Overview of Global Markets & the SEE Region (Monday, 10 June, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: The majority of Asian equity markets gained in today’s session, European bourses were standing in positive territory in early trade and US stock futures point to a higher opening, following the US’ agreement to indefinitely suspend plans to impose tariffs on Mexican imports after the two countries reached a deal last Friday to curb migration. In a joint...

http://www.allaboutshipping.co.uk/2019/06/10/daily-overview-of-global-markets-the-see-region-monday-10-june-2019/

Topouzoglou closes in on FSL Trust buyout

10 June 2019

Prime Marine’s Stathis Topouzoglou together with a group of investors is closing in on buying out Singapore’s First Ship Lease (FSL) Trust. The group of investors led by Greek owner Topouzoglou on Friday launched a mandatory general offer for the remaining shares in FSL Trust. Today, the trust...

https://splash247.com/topouzoglou-closes-in-on-fsl-trust-buyout/

Economou takes full control of Heidmar, installs Khanna as CEO

10 June 2019

George Economou has struck a deal with JP Morgan to acquire the investment company’s stake in pool operator and services company Heidmar, taking full ownership under publicly listed entity DryShips. DryShips is paying around $17m for the stake Splash understands, for JP Morgan’s 49.8% stake and a...

https://splash247.com/economou-takes-full-control-of-heidmar-installs-khanna-as-ceo/

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