Markets

Diana Containerships Inc. announces share repurchase program

ATHENS, GREECE, January 9, 2019 – Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that its Board of Directors authorized a share repurchase program to purchase up to an aggregate of US$6.0 million of the Company’s common shares, of which 14,939,602 are currently issued and outstanding.

The timing and amount of any repurchases will be determined by the Company’s management team, and will depend...

http://www.allaboutshipping.co.uk/2019/01/09/177320/

New appointments to Baltic Exchange Council

The Baltic Exchange

The Baltic Exchange is pleased to announce three new appointments to the Baltic Exchange Council (BEC), the governing body which oversees the Baltic’s strategy for membership services, social responsibility, charities and its relationship with its members, governments, regulatory bodies and the global shipping community.

Baltic Exchange members Guy Hindley (Howe Robinson), Denis Petropoulos (Braemar Shipping Services) and Andy James (China Navigation) have joined the Council....

http://www.allaboutshipping.co.uk/2019/01/09/new-appointments-to-baltic-exchange-council/

The BDI@1,238: there can be no rainbow without a cloud and a storm…

John Faraclas

The BDI (Baltic Dry Index) lost 24 points earlier on today as all Dry Indices fell – thank Posidon the fall was a double digit one… Geopolitics… continue to be more than perplexed; John Faraclas’ daily market recap:

The Capes lost  39 points and the BCI now stands at 2,078…

Same losses for the Panamaxes’ BPI now at 1,218 points…

The Supras’ BSI  was down 25 points and now reads  893…

The Handies were “better” with BHSI now reading   546  – minus ten points “only…”

We now stand 1,009...

http://www.allaboutshipping.co.uk/2019/01/09/the-bdi1238-there-can-be-no-rainbow-without-a-cloud-and-a-storm/

Capes volatility keeps the uncertain markets “afloat”…

John Faraclas

The BDI  (Baltic Dry Index) gained 15 points earlier on this afternoon and now stands at 1,262 points. Geopolitics still the same; John Faraclas’ brief recap:

The Capes “hit” again with the BCI at 2,117 – a good  triple points rise of 101 but again this cannot constitute a market…
The Panamaxes fall was worse since yesterday with the BPI at 1,257  – down 43 points!
Double digit losses for the Supras’ BSI now standing at 918 – minus 15
The Handies continue to fall with the BHSI at...

http://www.allaboutshipping.co.uk/2019/01/08/capes-volatility-keeps-the-uncertain-markets-afloat/

Daily Overview of Global Markets & the SEE Region (Monday, January 7, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS:In early European trade today, core government bond yields were off last week’s fresh lows in reaction to FOMC Chairman Jerome Powell’s dovish remarks at the American Economic Association’s annual meeting in Atlanta on Friday. The PBOC’s recent decision for a 100bp cut in the reserve requirement ratio and the release of a strong US employment report on Friday, which showed a higher than expected increase of 312k in December non-farm...

http://www.allaboutshipping.co.uk/2019/01/07/daily-overview-of-global-markets-the-see-region-monday-january-7-2019/

The BDI is now 1,000 points below the Dec 2013 closing…

John Faraclas. Picture credits George Christakis

The BDI (Baltic dry Index) lost 13 points and now reads 1,247 – 1,000 points below the closing of Dec 2013!  Geopolitics still messy; John Faraclas’ brief daily market recap:

The Capes were the only size to clinched points and the BCI now reads 2,016 – up 13!

A …mirror-wise losses for the Panamaxes BPI now at 1,300 – down 31!

Another 13 points losses for the Supras’ BSI now at 933…

Eight point was the loss for the Handies with the BHSI    reading 563...

http://www.allaboutshipping.co.uk/2019/01/07/the-bdi-is-now-1000-points-below-the-dec-2013-closing/

“K” Line Group: 2019 New Year Message from the President

Eizo Murakami, President & CEO

“Coming together, let’s step forward towards a new 100 years”

To everyone throughout the entire “K” Line Group, I extend my very sincerest Happy New Year wishes. As we enter 2019, I would like to take this opportunity to share a few words with you. 

During 2018 the world economy continued to show a gradual improvement. Although unstable conditions could be seen in some developing markets, such as the economic slowdown in Central and South America, and currency...

http://www.allaboutshipping.co.uk/2019/01/04/k-line-group-2019-new-year-message-from-the-president/

Markets in despair but hope and success is there only the adventurous risk-takers…

John Faraclas

The BDI (Baltic Dry Index) fall was very much contained, thanks once again to the volatile Capes. The New Year as we believe might begin when the Fa East and mainly Japan begin to kick-off. Geopolitics as ever messy. John Faraclas daily and weekly recaps:

The BDI was down seven points at 1,260 and 11 points since the end of 2018 being Christmas Eve when it hit 1,271.

The Capes’ BCI was up 40 points …surpassing the 2,000 points threshold and now reads 2,003. It was also up 98 points...

http://www.allaboutshipping.co.uk/2019/01/04/markets-in-despair-but-hope-and-success-is-there-only-the-adventurous-risk-takers/

It’s not just the Capes stupid; it’s every single size falling…

John Faraclas

The BDI (Baltic Dry Index) lost 15 points and now stands at 1,267… Geopolitics become more perplexed. John Faraclas’ daily briefing:

The Capes lost 24 points and the BCI now reads 1,963 points… “wonder” why the fall…

The Panamaxes’ BPI also fell down to 1,365 – down 26 points…

Supras were down nine points and the BSI now stands at 958 points…

Handies too saw heavy losses with the BHSI reading 578 points…

So all in all the Dry market got …wet….

The Wets in an unprecedented triple-digit...

http://www.allaboutshipping.co.uk/2019/01/03/its-not-just-the-capes-stupid-its-every-single-size-falling/

Moore Stephens says leaner and greener shipping will attract investment in 2019

Richard Greiner

Leading accountant and shipping adviser Moore Stephens says shipping will continue to attract investors in 2019 if it fulfils its ESG (environmental, social and governance) responsibilities. 

In the latest issue of Bottom Line, the Moore Stephens shipping sector newsletter, Richard Greiner, a partner in the firm’s Shipping & Transport team, says, “It has been suggested that the future is very much like the present, only longer. Should that prove to be the case for the shipping...

http://www.allaboutshipping.co.uk/2019/01/03/moore-stephens-says-leaner-and-greener-shipping-will-attract-investment-in-2019/

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