DIANA SHIPPING INC. ANNOUNCES CANCELLATION OF TIME CHARTER CONTRACT FOR M/V POLYMNIA
ATHENS, GREECE, November 5, 2019 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced the cancellation of the time charter contract with Al Ghurair Resources International L.L.C., Dubai, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia, as announced on October 10, 2019. Charterers have exercised their...
GLOBAL & REGIONAL DAILY (Thursday 5, November 2019)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
November 5, 2019
Global Markets
With trade talks remaining in the spotlight, major European bourses opened mixed and US index futures point to a firmer open on Wall Street. Amid optimism for a preliminary trade agreement in the near future, core government bonds continued to lose their allure, and in FX markets, the USD gained some ground especially against the so-called safe-haven currencies.
Greece
The PMI...
http://www.allaboutshipping.co.uk/2019/11/05/global-regional-daily-thursday-5-november-2019/
GLOBAL & REGIONAL DAILY (Monday 4, November 2019)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
November 4, 2019
Global Markets
Global equity markets started the week on a positive note, amid rising optimism over trade talks and better-than-expected US October payroll data. In FX markets, the EUR/USD moved sideways near 1.1160 in European trade, ahead of the first speech from new ECB President Christine Lagarde later today. PMI indices for the US, Europe and China are expected to lure market attention this...
http://www.allaboutshipping.co.uk/2019/11/04/global-regional-daily-monday-4-november-2019/
Dynamar Publication BREAKBULK V (2019)
Dynamar’s new BREAKBULK V report delves into the status of the world’s major operators of multipurpose/project/heavy-lift ships and their fleets… and their disruptors; those carrying breakbulk cargoes with vessels not specifically designed for that task
| – Top 25 Multipurpose Operators (profiled) – Top 25 Breakbulk Operatos – Top 15 Ro/Ro Operators – Top 15 Heavy Load Specialists (profiled) – Top 10 Vehicle Carrier Operators – Top 15 Reefer Ship... |
http://www.allaboutshipping.co.uk/2019/11/04/dynamar-publication-breakbulk-v-2019/
John Faraclas
Markets in a free fall
Markets in a fee fall amid Planet Ocean’s uncertainty
The BDI (Baltic Dry Index lost 51 points earlier on today and now stand at 1,731 points amid Planet Ocean’s worse uncertainty; John Faraclas brief recap:
The Capes’ BCI down 100 !! points at 2,978 losing the as expected the 3,000 points threshold!
The Panamaxes’ BPI down 31 at 1,543
The Supras’ BSI down 36 at 1,091..
The Handies’ BHSI down 13 at 591 losing the 600 point threshold.
The Wets falling too; the last...
http://www.allaboutshipping.co.uk/2019/10/31/markets-in-a-free-fall/
John Faraclas
Dry and Wet Markets tumble; Geopolitics worsening… CAUTION!
The BDI (Baltic Dry Index) fell 20 points earlier on today and now stands at 1,782 losing the 1,800 threshold!!! The geopolitical situation couldn’t be worse… John Faraclas’ daily recap:
The Capes’ BCI was stuck at 3,078 points – no steam left, eh!!
The Panamaxes lost the 1,600 points threshold and now read 1,574 – down 34!
The Supras lost 32 points with the BSI now at 1,127!
The Handies’ BHSI was down 13 – a naughty double...
PERFORMANCE SHIPPING INC. ANNOUNCES APPOINTMENT OF DEPUTY CHIEF EXECUTIVE OFFICER
ATHENS, GREECE, October 31, 2019 – Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that its board of directors has unanimously appointed Mr. Andreas Michalopoulos to the position of Deputy Chief Executive Officer, effective immediately. Mr. Michalopoulos, who is presently the Company’s Chief Financial Officer and...
GLOBAL & REGIONAL DAILY (Thursday 31, October 2019)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
October 31, 2019
Global Markets
The Fed cut rates by 25bps at this week’s two-day monetary policy meeting which concluded yesterday, taking the target range for the fed funds rate to 1.50-1.75%. Speaking in the post-meeting press conference, Fed Chair Jerome Powell hinted that the Central Bank does not plan to make any more cuts in the near future, unless upcoming developments cause the Fed to materially...
http://www.allaboutshipping.co.uk/2019/10/31/global-regional-daily-thursday-31-october-2019/
Peter Sand
BIMCOs Sand to offer shipping market insight in Hong Kong during Maritime Week (17-23 Nov)
BIMCO to present shipping market insights in Hong Kong
BIMCO will offer market insights at the inaugural Capital Link Hong Kong Maritime forum and at the Asian Logistics and Maritime conference. Chief Shipping Analyst, Peter Sand, will be in Hong Kong from 18-20 November 2019 to present the latest BIMCO perspectives of the commercial shipping market.
Hong Kong Maritime forum
Peter Sand is speaking...
GLOBAL & REGIONAL DAILY (Wednesday 30, October 2019)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
October 30, 2019
Global Markets
UK MPs voted yesterday in favor of PM Boris Johnson’s bill calling for an early election on 12 December. Meanwhile, activity in financial markets was relatively muted earlier today, ahead of the release of the US Q3 GDP advance estimate and the FOMC’s policy decision.
Greece
According to the sectorial non-financial accounts, households’ disposable income in current prices recorded...