Reports

Cyber security incidents reduced, but more measures are needed, report says

BIMCO, Fairplay and ABS Advanced Solutions conducted a cyber security survey, which showed that while the number of cyber related attacks within the last 12 months has decreased, protective measures, training and awareness need to improve.

According to the survey, more than a fifth reported that they had been the victim of an attack. In addition, 72% of these mentioned that their own company was a victim of a cyber related incident in the last 12 months.

Moreover, 27% of respondents reported that...

https://safety4sea.com/cyber-security-incidents-reduced-but-more-measures-are-needed-report-says/

The BDI@1,524 …hooray hooray?

The BDI (Baltic Dry Index) clinched 21 points earlier on today greatly assisting the mood for the World Maritime Day! Geopolitics in perplexed jeopardy; ultra-caution should be observed. John Faraclas daily briefing:

The Capes’ BCI managed a good 39 points plus and now stands at 1,949 points..

A dozen points for the Panamaxes BPI  now reading 1,689…

Any point is more than welcomed and that happened with the Supras’ BSI  now at 1,195 an the Handies’ BHSI now at 627!

The Wets were both up; the last...

http://www.allaboutshipping.co.uk/2018/09/27/172386/

Daily Overview of Global Markets & the SEE Region (Thursday, September 27, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: In line with market expectations, the Fed raised interest rates by 25bps at this week’s two-day monetary policy meeting which concluded late on Wednesday, taking the target range for the federal funds rate to 2.00%-2.25%. Changes to the post-meeting statement were minimal with one exception: the Committee removed the reference to the policy stance as “accommodative”. However, this has no implications for the Fed’s future rate...

http://www.allaboutshipping.co.uk/2018/09/27/daily-overview-of-global-markets-the-see-region-thursday-september-27-2018/

IMF adapts and underpins legitimacy, Shaping the future of central banks

Commentary: IMF adapts and underpins legitimacy

By Mark Sobel in Washington

The two decades since the Asia financial crisis have not been easy for the International Monetary Fund. It grappled with the rise of China and emerging markets, and the 2008 financial crisis. Then it faced Europe’s crisis, including the Greek saga. During this tough period, the IMF has adapted its economic thinking, underpinned its legitimacy and repaired relations with Asia.

Operationally, the Fund overhauled its work....

http://www.allaboutshipping.co.uk/2018/09/27/imf-adapts-and-underpins-legitimacy-shaping-the-future-of-central-banks/

Information sharing can improve maritime logistics sector

According to a new report by the International Transport Forum, information sharing presents a huge potential to the maritime logistics sector. To enhance logistics processes, the maritime sector is harnessing data through digital technologies for greater insights into the logistics chain.

New technologies will be able to transform logistics processes. A number of digital logistics applications already exist for digital innovations. These range from complicated sensors that collect data or...

https://safety4sea.com/information-sharing-can-improve-maritime-logistics-sector/

Contained rise for the BDI@1,450…

John Faraclas

The BDI’s rise earlier on today was more or less …trimmed with a 16 points plus whilst at the UN things were heating up… John Faraclas’ brief report:

All indices were on the plus but with minimal or no change…

The Capes’ BCI  rose just four points to 1,868…

The Panamaxes BPI gained 30 good points and now reads 1,639!

Five points were enough for the Supras’ BSI now at 1,190 points, a very enviable level compared with all other sizes fluctuations…

No change for the Handies’ BHSI;...

http://www.allaboutshipping.co.uk/2018/09/25/contained-rise-for-the-bdi1450/

Past, present and future of the IMF, Islamic private equity podcast

Commentary: Past, present and future of the IMF

By Mark Sobel in Washington

This year’s International Monetary Fund-World Bank Group annual meetings will take place in Bali, Indonesia, two decades following the Asia financial crisis and in one of the countries that posed great challenges for the IMF at the time. In this three-part series, I will examine the difficulties faced by the Fund then, how it has evolved, and the trials ahead. The IMF has demonstrated its relevance to a new generation...

http://www.allaboutshipping.co.uk/2018/09/26/past-present-and-future-of-the-imf-islamic-private-equity-podcast/

Despite the global financial turmoil the BDI’s renowned volatility is here to stay…

John Faraclas

The BDI was up 53 points earlier on today and now stands at 1,503 points surpassing the crucial but also psychological threshold of 1,500. The Geopolitical turmoil coupled with the Trade War, Sanctions, Tariffs will soon become a catalyst and the shit will hit the fan… John Faraclas’ brief recap:

The Capes’ BCI with 42 points plus are recapitulating and hopefully the 2,000 point mark will be conquered subject the trade war easy’s down… Let the 1,910 points be the base…

The Panamaxes’...

http://www.allaboutshipping.co.uk/2018/09/26/despite-the-global-financial-turmoil-the-bdis-renowned-volatility-is-here-to-stay/

Report: EU ship recycling yards more than enough to handle demand

Although the industry wants low-cost shipbreaking yards outside the EU to be added to the EU list of approved facilities in order to meet demand from vessels bound by the bloc’s ship recycling law, a new report by NGOs Shipbreaking Platform and Transport & Environment (T&E) shows that the current EU list can accommodate the numbers and sizes of EU-flagged ships that are scrapped every year.

The 20 EU yards currently recognised as meeting ship-recycling standards have had the capacity to handle...

https://safety4sea.com/report-eu-ship-recycling-yards-more-than-enough-to-handle-demand/

New report outlines the importance of ocean governance

DNV GL has mapped current ocean governance and regulation in a report for the UN Global Compact Action Platform for Sustainable Ocean Business. The report ‘Mapping ocean governance and regulation’ aims to be the base for discussions on creating a sustainable future for the seas.

The report outlines rules, institutions, processes, agreements, arrangements and activities to manage the use of the ocean. It also focuses on the governance of six ocean-based industries:

  • International shipping;
  • Offshore...

https://safety4sea.com/new-report-outlines-the-importance-of-ocean-governance/

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