Reports

Daily Overview of Global Markets & the SEE Region (Friday, October 5, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Market focus today is on the US non-farm payrolls report for September, and mostly, on average hourly earnings which are expected to rise by 0.2%mom pushing the annual growth rate to 2.8% from 2.9% in the prior month. Awaiting the key US report, US Treasury bond yields were lower today after US-China trade tensions flared up again following comments by US Vice President Mike Pence accusing China of trying to interfere in the midterm...

http://www.allaboutshipping.co.uk/2018/10/05/daily-overview-of-global-markets-the-see-region-friday-october-5-2018/

Global Maritime Forum ‘breaks new ground’ for the shipping industry

The Global Maritime Forum’s Annual Summit took place in Hong Kong on 3-4 October 2018. This high-level meeting gathered maritime leaders to discuss industry-wide, long-term challenges and opportunities. Under the theme ‘Breaking New Ground, Digitalisation’,  the forum discussed about decarbonisation, gender cap and the future of the industry in an environment characterized by fast-paced changes.

What is the Global Maritime Forum

The Global Maritime Forum is an international non profit foundation,...

https://safety4sea.com/cm-global-maritime-forum-breaks-new-ground-for-the-shipping-industry/

The BDI@1,536: you cannot fight against the future*

John Faraclas

The BDI (Baltic Dry Index) ended up this week with minus 18 points, another double digit loss following yesterday’s minus 20 points… It was down four points since last Friday the 28th of September when the BDI stood at 1,540… A bit of odd figures as you will read herebelow; they don’t correlate at all both with the rates as well with the indices ups and downs…The Geopolitics continue to worsen. John Faraclas’ daily and weekly recaps:

The volatile Capes lost 67 points and the BCI now...

http://www.allaboutshipping.co.uk/2018/10/05/the-bdi1536-you-cannot-fight-against-the-future/

Greece: January – August 2018 State Budget Execution & General Government Budget Arrears

Global Economic & Market Outlook – Focus Notes (Thursday, October 4, 2018)

Greece: January – August 2018 State Budget Execution & General Government Budget Arrears

 According to the final State Budget Execution data for January – August 2018, the overall fiscal balance registered a deficit  of Euros 1.22 billions, versus a Medium Term Fiscal Strategy 2019-22 (MTFS) deficit target of Euros 3.38 billion. The State Budget Primary Balance registered a surplus of Euros 3.16 billion versus a MTFS...

http://www.allaboutshipping.co.uk/2018/10/04/greece-january-august-2018-state-budget-execution-general-government-budget-arrears/

Falling BDI@1,554 “thanks” to the Capes’ volatility…

John Faraclas

The BDI (Baltic Dry Index) fell earlier on today 20 points; it was an expected result following yestedays perplexed figures… the Geopolitical and mainly economic chaos and environmental “concerns” all over Planet Ocean will affect everything. John Faraclas’ brief daily recap:

The Capes’ BCI lost 51 points and now stands at 2,148 – still a good level, but… The most volatile of all indices sends alarms around…CAUTION

A bit of good news from the Panamaxes; a good 27 points plus recovery...

http://www.allaboutshipping.co.uk/2018/10/04/falling-bdi1554-thanks-to-the-capes-volatility/

Daily Overview of Global Markets & the SEE Region (Thursday, October 4, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Fuelled by strong US macroeconomic data, the 10-yr UST yield rose to a seven-year high of 3.23% in Asian trade on Thursday, marking the steepest daily increase since the US presidential election in November 2016, in what could be considered an overreaction to the data as stop loss orders were triggered across the futures market. In FX markets, the US dollar firmed on robust US data releases and Fed Chair Powell’s optimistic view on...

http://www.allaboutshipping.co.uk/2018/10/04/daily-overview-of-global-markets-the-see-region-thursday-october-4-2018/

IACS: Efficient control of software dependent systems

IACS published 9 of its 12 recommendations on cyber safety, in order to facilitate the delivery of cyber resilient ships, in order to maintain their resilient throughout their working lives. The first report recommended procedures for software maintenance of shipboard equipment and systems. The second one focuses on control of software dependent systems.

IMO requires through SOLAS that local control of essential machinery to be available in case of failure in the remote and unattended machinery...

https://safety4sea.com/iacs-efficient-control-of-software-dependent-systems/

Daily Overview of Global Markets & the SEE Region (Wednesday, October 3, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: According to Italian press reports, following budget talks late yesterday between Prime Minister Guiseppe Conte, the two Deputy Prime Ministers, Luigi Di Maio and Matteo Salvini, and Finance Minister Giovanni Tria, the government might decide to lower the budget deficit target for 2020 and 2021 to 2.2% of GDP and 2.0% of GDP, respectively, compared to the initial announcement of a 2.4% of GDP deficit target for each year. In reaction...

http://www.allaboutshipping.co.uk/2018/10/03/daily-overview-of-global-markets-the-see-region-wednesday-october-3-2018/

UNCTAD: Maritime trade increased but protectionism, trade war are concerning

UNCTAD published its Review of Maritime Transport for 2018. This report is published annually since 1968 and provides an analysis of structural and cyclical changes affecting seaborne trade, ports and shipping, as well as an extensive collection of statistical information.

According to the report, global seaborne trade is doing well, as it is supported by the 2017 increase in the world economy. Expanding at 4%, the fastest growth in five years, global maritime trade gained momentum and raised...

https://safety4sea.com/unctad-maritime-trade-increased-but-protectionism-trade-war-are-concerning/

BSEE presents findings from fired vessels inspections

US Bureau of Safety and Environmental Enforcement (BSEE) issued a safety alert summarizing its findings and recommendations from a recent risk-based Inspection. BSEE’s team of inspectors and engineers developed several recommendations from inspection findings to reduce risks associated with fired vessels; hydrocarbon processing vessels on offshore oil and gas facilities with self-contained, natural or forced draft burners.

Between July 17 and July 20, BSEE inspectors visited 27 platforms...

https://safety4sea.com/bsee-presents-findings-from-fired-vessels-inspections/

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