News in English
Star Bulk Carriers agrees to acquire up to seven dry bulk vessels from E.R. Capital Holding
- Λεπτομέρειες
- Δημοσιεύτηκε στις Πέμπτη, 30 Αυγούστου 2018 09:13
Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK, Oslo: SBLK-R), a global shipping company focusing on the transportation of dry bulk cargoes announced today that it has entered into an en bloc definitive agreement with entities affiliated with E.R. Capital Holding GmbH & Cie. KG (“E.R.” or “Sellers” ), pursuant to which the Company will acquire three (3) firm operating dry bulk vessels (the “Step 1 Vessels”) within 2018 ( the “Step 1 Acquisition”), and four (4) optional operating dry bulk vessels (the “Step 2 Vessels”) in 2019 (the “Step 2 Acquisition”), and together the “Vessels”. Subject to agreeing a three party novation agreement with charterers and E.R., any charterparties existing at the time of the deliveries of each of the Vessels shall be novated to Star Bulk.
Brexit planning is up and running – but the Government needs to sustain the momentum
- Λεπτομέρειες
- Δημοσιεύτηκε στις Δευτέρα, 27 Αυγούστου 2018 11:28
The Government's technical notices on Brexit provide a good foundation for planning - but more detail is needed
The UK Chamber of Shipping has broadly welcomed the Government’s publication of 25 technical notices, which advise on how potential disruption from a no-deal exit from the European Union can be minimised.
In the UK Chamber’s view, the technical notices are a good starting point for Brexit planning. However, there is still ground to be covered and detail to be teased out.
Most importantly, the Government needs to accelerate the pace and sustain the momentum with which it is providing guidance on Brexit. What is encouraging, however, is that the Government is to publish the complete array of technical notices by the end of September and further advice will surely follow.
The technical notices released today are thin on real detail on what will happen and how Brexit plans will be executed in the event of No Deal.
Moreover, the UK Chamber is concerned that the Government is in danger of placing too great an onus on industry to figure out how business will be executed, particularly with respect to supply chains and cross-border trade.
The overarching technical notice details how much resource Government is committing to plan ahead for Brexit, which the UK Chamber recognises and appreciates fully. But the Government should also recognise the need to improve the way that Government agencies work together and collaborate, which would smooth out the transition process in any Brexit scenario.
Bob Sanguinetti, Chief Executive of the UK Chamber of Shipping, said:
“Fundamentally, we are against the concept of a No-Deal Brexit as it is likely to be the most disruptive outcome for trade. Businesses on both sides of the UK-EU border need a deal and agreement on terms.
“As the technical notice on Trade confirms, a No-Deal Brexit would mean reverting to World Trade Organisation rules for cross-border customs and processes. Even with this guidance, WTO rules would be disruptive for shipping industry and businesses on both sides of the UK-EU border.
“We are encouraged by the releases we have seen today – these technical notices demonstrate the scale of planning that Government is undertaking and the Chamber is pleased to see the Government give appropriate consideration to potential risks for the shipping industry.
“In particular, we look forward to receiving guidance on key issues such as port health checks and seafarer rights.
“That being said, the notices are a stark reminder that No Deal must be avoided at all costs if we are to preserve the ease of trading across the EU border.
“In any case, we will continue to work closely with government to identify the practical measures needed to help keep trade flowing smoothly for the benefit of UK businesses and consumers alike.”
The UK Chamber will issue further analysis of the technical notices in due course.
Navios Maritime Acquisition Corporation Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2018
- Λεπτομέρειες
- Δημοσιεύτηκε στις Πέμπτη, 23 Αυγούστου 2018 11:01
Navios Maritime Acquisition Corporation (“Navios Acquisition”) (NYSE: NNA), an owner and operator of tanker vessels, reported its financial results today for the second quarter and the six month period ended June 30, 2018.
Diana Shipping Inc. Announces Time Charter Contract for m/v Semirio with Pacific Bulk
- Λεπτομέρειες
- Δημοσιεύτηκε στις Πέμπτη, 23 Αυγούστου 2018 10:56
Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Pacific Bulk Cape Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v Semirio.
GASLOG LTD. ANNOUNCES TWO NEW LONG-TERM CHARTERS WITH CHENIERE AND PLACES NEWBUILDING ORDERS AT SAMSUNG HEAVY INDUSTRIES
- Λεπτομέρειες
- Δημοσιεύτηκε στις Δευτέρα, 20 Αυγούστου 2018 20:22
GasLog Ltd. (“GasLog”) (NYSE:GLOG) is pleased to announce the signing of two new charter party agreements (the “Charters”), each for a firm period of seven years, with a wholly owned subsidiary of Cheniere Energy, Inc. (“Cheniere”).
Nomination for IUMI President
- Λεπτομέρειες
- Δημοσιεύτηκε στις Πέμπτη, 16 Αυγούστου 2018 11:19
The presidency of IUMI – the International Union of Marine Insurance – is for a four-year term. The present incumbent, Dieter Berg, ends his full term at this year's IUMI annual conference in Cape Town and will formally hand over the position to his successor on Wednesday 19 September 2018.
Bimco Ecsa leadership meeting in Athens
- Λεπτομέρειες
- Δημοσιεύτηκε στις Πέμπτη, 02 Αυγούστου 2018 15:11
The BIMCO President, Mr Anastasios Papagiannopoulos and ECSA President, Mr Panos Laskarides met in Athens recently to discuss areas of cooperation and further alignment between the two leading associations representing shipowners globally and in Europe respectively.
