Greek dry bulk owner Diana Shipping has agreed to an extended of the present time charter contract with Uniper Global Commodities for 2013-built post-panamax bulker . The extension, which commenced on October 19, is at a rate of $13,500 per day through to between September 2019 and December 2019....
https://splash247.com/uniper-extends-charter-of-diana-shipping-post-panamax/
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WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: An EU spokesman said that the EU Commission will decide on Tuesday (today) its next steps in the procedure for assessing Italy’s 2019 draft budget. On the issue, a number of press reports suggested that the EU Commission will probably reject Italy’s 2019 budget plan. Against this background, market euphoria following Moody’s decision late on Friday to leave Italy’s outlook stable while cutting the country’s rating by one notch to...
George Economou is set to pocket more than $130m if Transocean’s bid to take over Ocean Rig wins shareholder approval. Buried deep in a 531-page prospectus published recently on the proposed merger between the two drilling outfits it emerges that Economou, through Marshall Islands-registered TMS...
https://splash247.com/economou-set-to-pocket-up-to-134m-from-ocean-rig-sale/
The Port of Piraeus wants the Greek government to approve an investment plan for the attraction of more business to the port, as soon as possible. Cosco owns the majority of the Piraeus port.
The Port of Piraeus is currently waiting Greece to continue with mandatory investments, Reuters informed. The Port wants this to happen soon, as in case of delay there will be legal means, such as clauses in the concession agreement.
China wants to make Piraeus its gateway to Europe, under the Belt and Road...
https://safety4sea.com/port-of-piraeus-investment-plan-should-be-approved-soon/
Evangelos Marinakis’ Capital Group has fought off keen competition from a number of his Greek counterparts to buy out a 13-year-old aframax belonging to Kenneth Koo’s TCC Group. The 106,029 dwt South Korean-built eventually sold for a price in excess of $13m. MSI values it at . Clarkson Research...
https://splash247.com/marinakis-outmuscles-rival-greeks-for-tcc-aframax/
By George Georgiopoulos ATHENS, Oct 19 (Reuters) – Piraeus Port Authority (PPA), operator of Greece’s largest port, wants the Greek government to speed up the approval of an investment plan that aims to attract more business to one of Europe’s largest harbours, executives said on Friday. PPA,...
The Union of Greek Shipowners (UGS) has warned that tramp shipping remains at risk come the January 1, 2020 introduction of the global sulphur cap. The boss of the world’s largest national shipowning association has also cast doubt on the effectiveness of scrubbers to meet the goals set out by the...
https://splash247.com/greek-owners-cast-doubt-about-2020-compliance/
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WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: German government bonds were firmer in early European trade on Friday and the EUR/USD came under renewed pressure amid mounting worries over a possible rise in tensions between the Italian government and the EU Commission. In the first formal step of a procedure that could lead to the EU Commission rejecting Italy’s 2019 draft budget and strengthening sanctions in the form of a 0.2% of GDP fine, the EU Commission sent a letter to...
Greek maritime technology firm METIS Cyberspace Technology reckons it can transform the management of shipping fleets via its latest maritime cyber solutions. The company was founded in 2016 by a team of seven scientists and engineers with extensive experience in the shipping sector and strong...
https://splash247.com/metis-groundbreaking-maritime-chatbot/
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WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: US Treasury yields were higher in early European trade on Thursday and the USD was firmer across the board on the back of increased expectations for further Fed rate tightening by the end of the year. Meanwhile, the GBP remained under pressure amid mounting worries over a crash-out Brexit scenario. As expected, there was no withdrawal agreement at yesterday’s Brexit working dinner with the Irish border backstop remaining the most...