Reports

NOAA: Global warming to boost major hurricanes

A new NOAA research looks at the devastating 2017 Atlantic hurricane season. It notes that if similar weather conditions happen in the future, it’s likely the number of major hurricanes to increase by two in a similar active year at the end of century. Climate warming would be the cause of this.

Last year’s six major Atlantic hurricanes included hurricanes Harvey, Irma and Maria that caused loss of life in communities across Texas, Florida and Puerto Rico. The three hurricanes caused an...

https://safety4sea.com/noaa-global-warming-to-boost-major-hurricanes/

Daily Overview of Global Markets & the SEE Region (Monday, October 1, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: Market concerns about Italy’s public finances stability prevail. Against this background, investors continued to demand a higher credit risk premium on Italian government bonds while the EUR/USD was hovering in early European trade within distance from Friday’s two-week intraday low of 1.1566. Elsewhere, the CAD was among the main outperformers in FX markets on news that Canada was to join the US and Mexico to form a revised NAFTA...

http://www.allaboutshipping.co.uk/2018/10/01/daily-overview-of-global-markets-the-see-region-monday-october-1-2018/

Top 10 garbage items collected from beach clean ups worldwide

In 2017, about a total of 800,000 volunteers in more that 100 countries gathered and collectively removed more than 20 million pieces of trash from beaches and waterways worldwide. The weight of the total trash collected was equal to 812 cruise ship anchors.

Volunteers were mobilized as part of the NGO Ocean Conservancy’s International Coastal Cleanup, which, in partnership with volunteer organizations around the globe, mobilizes volunteers to remove millions of pounds of trash from beaches and...

https://safety4sea.com/top-10-garbage-items-collected-from-beach-clean-ups-worldwide/

Best practices for tackling counterfeit goods in maritime supply

Representatives from major global brands and maritime companies have developed a set of best practices for the maritime industry to limit the volume of counterfeit goods shipped around the globe through checks on their customers and supply chains.

The new recommended best practices paper builds on a previous document on Know Your Customer (KYC), which was launched last March. The new document covers due diligence recommendations for existing customers, as well as more voluntary measures for both...

https://safety4sea.com/best-practices-for-tackling-counterfeit-goods-in-maritime-supply/

IACS: How to conduct proper software maintenance

IACS published 9 of its 12 recommendations on cyber safety, in order to enable the delivery of cyber resilient ships whose resilience can be maintained throughout their working lives. The first report recommends procedures for software maintenance of shipboard equipment and systems.

The IACS Recommendations address the need for:

  • A more complete understanding of the interplay between ship’s systems;
  • Protection from events beyond software errors;
  • In the event that protection failed, the need for...

https://safety4sea.com/iacs-how-to-conduct-proper-software-maintenance/

Dry, Wet and Geopolitics hiccups…

John Faraclas

The BDI (Baltic Dry Index) was up 15 points standing at 1,555 thanks to the Capes; Geopolitics deteriorate dangerously… John Faraclas’ daily briefing:

Here we go again with all the Dry Indices either falling or with minimal positive changes; the Capes’ BCI though was up 61 points and now reads 2,061!

The Panamaxes’ BPI lost three points and now stands at 1,692…

The Supras’ BSI was down one point at 1,193 and the Handies’ BHSI clinched a point now reading 630 points.

So once again we...

http://www.allaboutshipping.co.uk/2018/10/01/dry-wet-and-geopolitics-hiccups/

The Market: who’s in?

John Faraclas

The BDI  (Baltic Dry Index) ended up at 1,540 points earlier on today which is 16 points plus since yesterday and 127 points since last week when it clocked 1,413 points.  The Geopolitical situation looks like as depicts the Before the Storm …environment so to speak. John Faraclas daily and weekly recap:

The Capes’ BCI reached the 2,000 mark threshold – up 51 points which is also 160 points plus since last week’s 1,840 points!

The Panamaxes’ BPI stood at 1,695 – six points plus!   ...

http://www.allaboutshipping.co.uk/2018/09/28/the-market-whos-in/

Escalating tariffs are weighing down world economy

UNCTAD released its Trade and Development Report 2018 noting that the pressures are building around escalating tariffs. This affects financial flows, but behind these threats to global stability is a wider failure to address the inequities and imbalances.

According to the report, the increasing mountain of debt, more than three times the size of global output, is indicative of that failure. While the public sector in advanced economies has been obliged to borrow more since the crisis, the rapid...

https://safety4sea.com/escalating-tariffs-are-weighing-down-world-economy/

Daily Overview of Global Markets & the SEE Region (Friday, September 28, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: The Italian government issued a statement yesterday to announce that the new budget deficit target for 2019 has been set at the upper range of market expectations at 2.4%-of-GDP. Tensions with the European Commission are likely to escalate and major rating agencies may downgrade Italy’s sovereign credit. Not surprisingly, market reaction was negative. The EUR/USD dropped to a two week low of 1.1614 earlier today and Italy’s 10-yr...

http://www.allaboutshipping.co.uk/2018/09/28/daily-overview-of-global-markets-the-see-region-friday-september-28-2018/

Brexit Briefing: Potential Problems in South East England from March 30, 2019

Attention has been given to difficulties confronting freight traffic leaving the UK in the event of a “Hard Brexit”. The “Operation Brock” contingency plan, details of which emerged through a Freedom of Information request, is meant to address this. It involves lorry parks running tens of miles back along the eastbound section of the M20, with intra-regional and inbound traffic using a contra flow. Provisions are being put in place for emergency roadside lavatories and water distribution. The...

http://www.allaboutshipping.co.uk/2018/09/28/brexit-briefing-potential-problems-in-south-east-england-from-march-30-2019/

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