Cargotec’s Board of Directors has confirmed the company’s refined strategy for 2019-2021. With its business areas Kalmar, MacGregor and Hiab, Cargotec will continue to work towards the vision “Becoming the global leader in intelligent cargo handling”. During the current strategy period 2015-2018,...
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ECB orders ING to return London trading jobs to EU – report
ING Groep, which consolidated trading jobs from Amsterdam and Brussels to London in 2016, faces pressure from the European Central Bank to return them to continental Europe, daily Het Financial Dagblad reported on Monday, citing sources familiar with negotiations between the bank and the regulator....
https://www.hellenicshippingnews.com/ecb-orders-ing-to-return-london-trading-jobs-to-eu-report/
Oil markets fixated on the November 4 deadline
The oil market is not waiting for Godot, but for November 4, when US sanctions on Iranian oil comes into play. The supply side of the oil market is becoming tighter even before as some important consuming countries such as South Korea and Japan curtailed buying from Iran. Add to that further...
https://www.hellenicshippingnews.com/oil-markets-fixated-on-the-november-4-deadline/
Weber Weekly Tanker Report Week 38 – Spot Market Summary
VLCC rates struggled through much of the week as an apparent and abrupt conclusion to the September program with fewer than expected Source: Charles R. Weber Company, Inc
https://www.hellenicshippingnews.com/weber-weekly-tanker-report-week-38-spot-market-summary-3/
The new sea lock – what’s happening in September and October?
September and October will be dominated by the sinking operation of the lock gate chamber of the outer head (number 1 in the picture) and by the construction of the walls of the flood defence (number 2 in the picture). The OpenIJ concrete mixing plant (number 3 in the picture) will be very busy...
https://www.hellenicshippingnews.com/the-new-sea-lock-whats-happening-in-september-and-october/
Ecoslops’ Mini-P2R awarded with a “Trophée de l’Innovation Océan”
On the first edition of the Ocean Innovation Awards on Friday 21 September 2018, organized by ADECAN in partnership with the French Maritime Cluster, Energies de la Mer and the Oceanographic Institute – Albert 1er Foundation, Prince de Monaco – the Mini-P2R containerized petroleum residue...
https://www.hellenicshippingnews.com/ecoslops-mini-p2r-awarded-with-a-trophee-de-linnovation-ocean/
Germany’s Commercial Shipping Fleet Shrinks by a Third
Germany, one of the world’s main maritime players, saw its commercial fleet shrink by a third over the past six years, becoming the biggest loser in a vicious industry slump that has reshaped global shipping. Once the world’s predominant shipping lenders, most German banks have abandoned ship...
https://www.hellenicshippingnews.com/germanys-commercial-shipping-fleet-shrinks-by-a-third/
For bold Chinese buyers of soybeans, bargain U.S. prices trump trade war
At least two cargoes of U.S. soybeans are heading for China as some buyers are willing to risk taking up historically cheap U.S. beans even amid worries that Beijing may take further steps to deter imports amid mounting trade tensions with Washington. Grain traffic from the United States to China...
UAE buyer tenders to purchase up to 60,000 tonnes wheat- trade
A buyer in the United Arab Emirates (UAE) has issued an international tender to purchase up to 60,000 tonnes of milling wheat, European traders said on Monday. The tender also closes on Monday, Sept. 24. Shipment was sought in October/November. Russia and Ukraine were tipped as the likely origins...
https://www.hellenicshippingnews.com/uae-buyer-tenders-to-purchase-up-to-60000-tonnes-wheat-trade/
EU Budget: Commission takes further action to ensure the United Kingdom makes customs duties fallen due, available to the EU budget
Based on a proposal by the Commissioner for Budget and Human Resources, Günther H. Oettinger, today the European Commission has decided to send a Reasoned Opinion to the United Kingdom because of its failure to make customs duties available to the EU budget, as required by EU law. This is the...