United Kingdom’s PM Theresa May
Commentary: PM must push Brexiteers against the wall
By Joergen Oerstroem Moeller in Singapore
Prime Minister Theresa May’s Brexit deal has been rejected – again – because she is not in control of her party. In the probable case of no meaningful concessions being agreed with the EU, especially regarding the Irish backstop, May will be left with one option when she goes to parliament on 13 February. She must stand firm on her deal – amended or not – as the only...
The “ASTERIX”
Athens, Leer, January 30, 2019. Capital Liberty Invest, the joint venture between Capital Ship Management and Liberty One, recently acquired its first two high specification feeder container vessels which will come under the technical management of Liberty Blue in Leer, Germany.
The first of the two sister ships, ‘Ibrahim Dede’ (1,878 TEU), which was renamed ‘Asterix’, has been successfully taken over on January 21 in the port of Piraeus, Greece and subsequently delivered into...
John Faraclas
The entire Market – both Dry and Wet was down today and I guess you must be very affluent this time to avoid even more losses… Let’s see how many can sail through… Geopolitics in total mess affecting the entire shipping industy. John Faraclas’ midweek note:
The BDI (Baltic Dry Index) lost 76 points earlier on today with the Capes’ losses nearly double since yesterday…
The Capes’ BCI was down 213 points and now stand at 1,295. It might be the Brazilian dam damn saga but that’s a...
http://www.allaboutshipping.co.uk/2019/01/30/midweek-blues-with-the-bdi721/
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS:Investors adopted a cautious stance against risk assets earlier today ahead of Fed Chair Jerome Powell’s press conference that will follow the conclusion of the two-day monetary policy meeting. In addition, a new round of two-day trade talks is scheduled to commence today in Washington, between China’s Vice Premier Liu He with US officials, including President Donald Trump. Turning to FX markets, the DXY index was little changed on...
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS:War trade woes intensified on news that the US Justice Department levelled criminal charges against China’s telecommunications giant Huawei Technologies. Against this background, the majority of European bourses opened marginally in the red while core government bonds were little changed ahead of today’s key vote in the UK Parliament. UK lawmakers will debate and vote later today on UK Premier Theresa May’s new Brexit plan while they...
Crowley’s containers
(JACKSONVILLE, Fla.; Jan 28, 2019) – To better serve its diverse customer base, Crowley Logisticshas invested almost $30 million in new cargo carrying equipment over the last year. The latest arrivals under this acquisition include 1,500, 45-foot (102-inch wide) dry container units, which are being delivered to multiple port locations where they will be assimilated into Crowley’s equipment fleet.
These containers follow the company’s December 2018 receipt of 400 new...
Diana Shipping Inc. Announces Time Charter Contracts for m/v Amphitrite with Uniper and m/v Naias with Phaethon
ATHENS, GREECE, January 28, 2019 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite, for...
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS:European bourses opened lower today as data from the Eurozone continue to disappoint, fueling market concerns about the economy’s growth prospects. On the flipside, US equity markets gained on Friday capitalizing on the US President Donald Trump’s announcement that he signed a short-term funding deal for the reopening of the federal government for three weeks without the money for the funding of the wall along the US-Mexican border...
John Faraclas – picture credits Kenny Hickey
The BDI (Baltic Dry Index) fell substantially from what one proportionally can calculate – do please the analysis and see the fall percentage-wise as well as historically-wise… Triple-digit losses the name of the game… The Geopolitical issues “re-surfaced” once again in Davos and we are warning you for Armageddon’s coming. John Faraclas’ daily and weekly recap:
The BDI lost 34 points earlier on today and 207 since last week (18/1) when it stood at...
http://www.allaboutshipping.co.uk/2019/01/25/jittery-markets-with-the-bdi905/
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS:As expected, the ECB kept its key interest rates unchanged and confirmed its guidance on interest rates and reinvestments at yesterday’s monetary policy meeting. However, in the post-meeting press conference, President Mario Draghi adopted a more dovish tone than in December, acknowledging that risks surrounding the euro area growth outlook have moved to the downside. Fueling concerns about the Eurozone’s growth outlook, January PMIs...