G20 Rome summit will be workmanlike but unexciting

G20 Rome summit will be workmanlike but unexciting

Thursday 28 October 2021 – Vol.12 Ed.43.5

Commentary: G20 is not up to today’s policy challenges

By Mark Sobel in Washington

All eyes will turn to Rome this week and the 2021 G20 leaders’ summit. These summits exist to tackle key global challenges and the Rome meeting comes at a perilous time. Yet given rising nationalism, international tensions and insufficient co-operation, the probable outcomes hardly befit the gravity of the moment — through no...

https://allaboutshipping.co.uk/2021/10/28/g20-rome-summit-will-be-workmanlike-but-unexciting/

Autumn Budget 2021 highlights

Autumn Budget 2021 highlights

The Autumn Budget 2021 was billed as a Budget for a new age.

The main announcements are listed below. Our comprehensive analysis of all the announcements and the technical changes will follow shortly.R&D tax relief extended to include cloud computing and data but to be restricted to domestic activity from 2023 A post-Brexit reform to the Tonnage tax regime Several business rates reforms including revaluations every three years, a new ‘improvement relief’ and a...

https://allaboutshipping.co.uk/2021/10/27/autumn-budget-2021-highlights/

Ending coal power is an economic and environmental emergency

Ending coal power is an economic and environmental emergency

Wednesday 27 October 2021 – Vol.12 Ed.43.3

Commentary: The post-coal economic opportunity

By Danae Kyriakopoulou in London

As we approach COP26, the race is on to ‘consign coal power to history’. The end of coal power generation is a climate – and economic – imperative. At times it is misinterpreted as being at odds with the objectives of economic development and poverty reduction in emerging economies. But the opportunities for returns...

https://allaboutshipping.co.uk/2021/10/27/ending-coal-power-is-an-economic-and-environmental-emergency/

BIMCO’s SNOW: US September retail sales hit 7-month low at USD 535.9bn

BIMCO’s SNOW: US September retail sales hit 7-month low at USD 535.9bn

Peter Sand

and

Singapore’s September bunker sales fall to 15-month low

Bunker sales in the world’s largest bunkering hub fell to 3.94 million tonnes in September, the lowest level since June 2020 and a 6.7% drop from September 2020. Compared to September last year, the largest drop is registered in sales of low-sulphur fuel oil (LSFO), down 10.9% from September 2020 at 2.58 million tonnes. In contrast, high-sulphur fuel oil...

https://allaboutshipping.co.uk/2021/10/26/bimcos-snow-us-september-retail-sales-hit-7-month-low-at-usd-535-9bn/

Diana Shipping Inc. Announces Approval for Listing of Oceanpal Inc. on Nasdaq Capital Market and Revised Record Date for Oceanpal Inc. Spin-Off and US$0.10 Cash Dividend

Diana Shipping Inc. Announces Approval for Listing of Oceanpal Inc. on Nasdaq Capital Market and Revised Record Date for Oceanpal Inc. Spin-Off and US$0.10 Cash Dividend

..

ATHENS, GREECE, October 26, 2021 – Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has received approval, subject to official notice of issuance, for the listing of the common shares of OceanPal Inc. on the Nasdaq Capital...

https://allaboutshipping.co.uk/2021/10/26/diana-shipping-inc-announces-approval-for-listing-of-oceanpal-inc-on-nasdaq-capital-market-and-revised-record-date-for-oceanpal-inc-spin-off-and-us0-10-cash-dividend/

Environmental marine frontrunner GoodFuels and Renewable Energy Group are leading the way to a more sustainable future

Environmental marine frontrunner GoodFuels and Renewable Energy Group are leading the way to a more sustainable future

The GoodFuels bunker barge, the Maria Deymann.

As a key GoodFuels partner, Renewable Energy Group is enabling the acceleration of sustainable biofuels for maritime 

AMSTERDAM, NL – Tuesday, October 26, 2021: GoodFuels, the world-leading supplier of sustainable marine biofuels, and global producer and supplier of renewable fuels Renewable Energy Group (NASDAQ:REGI) (REG) have...

https://allaboutshipping.co.uk/2021/10/26/environmental-marine-frontrunner-goodfuels-and-renewable-energy-group-are-leading-the-way-to-a-more-sustainable-future/

SPI symposium challenges financial sector to do better ahead of COP26

SPI symposium challenges financial sector to do better ahead of COP26

Tuesday 26 October 2021 Vol.12 Ed.43.2

Commentary: Sustainable taxonomies are not yet fit for purpose

By Emma McGarthy in London

The inaugural Sustainable Policy Institute symposium sparked debate and encouraged discussion on how the global financial system can revolutionise finance for net zero. The two-day event explored the role of central banks in driving the sustainability agenda, the latest developments in transition tools...

https://allaboutshipping.co.uk/2021/10/26/spi-symposium-challenges-financial-sector-to-do-better-ahead-of-cop26/

DON’T PANIC! A message to bulker operators

DON’T PANIC! A message to bulker operators

Capesize freight rates have fallen 40% on a 5% fall in volumes. Why?

It has been a hard few weeks for Capesize operators. The Baltic Exchange’s Capesize 5TC index surged in September from USD 46,987 to USD 74,186, then stepped up further to USD 86,953 on 7th October…and that was the peak. By last Friday, the 5TC had stumbled to USD 51,463. The Baltic Dry Index inflated from  5,202 points on 1st October to a peak of 5,650 on 7th October and ended last...

https://allaboutshipping.co.uk/2021/10/25/dont-panic-a-message-to-bulker-operators/

AFMI 2021 reveals opportunities for sustainable development across Africa

AFMI 2021 reveals opportunities for sustainable development across Africa

Monday 25 October 2021 – Vol.12 Ed.43.1

Commentary: African markets must improve ESG integration

Absa Africa Financial Markets Index 2021

The AFMI report assesses 23 countries according to six pillars. Pillar 3 scores on the conduciveness of the regulatory environment for local and foreign investment, gauged through tax incentives, reporting standards and market transparency. On average, scores fell by 8.2 points. This is...

https://allaboutshipping.co.uk/2021/10/25/afmi-2021-reveals-opportunities-for-sustainable-development-across-africa/

Weidmann waves the hawkish white flag, Digital euro will bring innovation opportunities, and more

Weidmann waves the hawkish white flag, Digital euro will bring innovation opportunities, and more

Jens Weidmann

THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world

18-22 October 2021, Vol.12 Ed.42

Most-Read Commentary

Weidmann waves the hawkish white flag: Germany’s difficult coalition-building process has gained fresh complexity following the announcement of Jens Weidmann’s resignation. The departure of the Bundesbank president, coinciding with the departure from office of...

https://allaboutshipping.co.uk/2021/10/23/weidmann-waves-the-hawkish-white-flag-digital-euro-will-bring-innovation-opportunities-and-more/

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