News in English
The Shipping industry is a key growth driver for the Greek economy
- Λεπτομέρειες
- Δημοσιεύτηκε στις Παρασκευή, 01 Νοεμβρίου 2013 10:49
The Boston Consulting Group, a global management consulting firm, has conducted a study entitled, ''Impact Assessment of Greek Shipping on the Economy and Society'' which concludes that the shipping industry is able to become a key growth driver of the Greek economy.
EC Public Consultation: 'How can we reduce marine litter?'
- Λεπτομέρειες
- Δημοσιεύτηκε στις Πέμπτη, 31 Οκτωβρίου 2013 18:47
The European Commission has issued a press release stating that it seeks comments on how to address the problem of marine litter. According to the press release the seas and oceans are increasingly becoming the waste dump of the planet. Plastic waste forms 80 % of the enormous waste patches in the Atlantic and the Pacific oceans, with fatal consequences for numerous sea species. The European Commission is asking for opinions on how we can best address this problem. The public consultation is open until 18th December 2013.
European Commission 2014 Work Programme
- Λεπτομέρειες
- Δημοσιεύτηκε στις Πέμπτη, 31 Οκτωβρίου 2013 15:42
On 22nd October 2013, the European Commission adopted its Work Programme for 2014. Particular focus is placed on the finalisation of the banking union, the single market and the digital agenda. Emphasis is also put on combatting youth unemployment and on new measures under the Multiannual Financial Framework for 2014-2020 swiftly becoming operational.
ECSA concerns over EU MRV proposals
- Λεπτομέρειες
- Δημοσιεύτηκε στις Πέμπτη, 31 Οκτωβρίου 2013 11:38
The European Community Shipowners' Associations (ECSA) welcome the Commission's proposal for a Monitoring, Reporting and Verification (MRV) system of CO2 emissions from maritime transport as a step towards finding an appropriate global solution for CO2 monitoring from international shipping. However, it is ECSA's position that any mandatory requirements on MRV for the international shipping sector, must be agreed at IMO level, as this is the only way of securing a globally harmonised system, according to an ECSA position paper.
EU Ship Recycling Regulation
- Λεπτομέρειες
- Δημοσιεύτηκε στις Πέμπτη, 31 Οκτωβρίου 2013 11:33
At plenary session on 22nd October 2013, the European Parliament (EP) adopted a legislative resolution on a new Ship Recycling Regulation. The adopted text is the result of a compromise agreement reached last June in Trilogue, amongst the Council under the Irish Presidency, the European Parliament and the Commission. The original EP text had proposed the introduction of a so-called "recycling fund" and other controversial elements, far exceeding the requirements of the IMO Hong Kong Convention on the Recycling of Ships, which has yet to be ratified. See the European Parliament press release.
Baltic Dry Index Technical Analysis - 25/10/13
- Λεπτομέρειες
- Δημοσιεύτηκε στις Παρασκευή, 25 Οκτωβρίου 2013 17:33
Weekly closing 1671. Capesizes are continuing their dramatic decline. FFA contracts for November taking a massive hit, losing USD 9k and currently marked at around USD 21k. Panamaxes decline tends to become impulsive, while on the contrary Supras' condition is not bad at all , followed by handies who are quite stable with almost no volatility at all. (Quite the opposite than the Capesizes where their volatility is an extreme one).The 2nd attached chart shows all vessels' type day tc equivalent in USD.
Drycargo Shipping Technical Analysis (BDI) - 19/10/13
- Λεπτομέρειες
- Δημοσιεύτηκε στις Δευτέρα, 21 Οκτωβρίου 2013 11:23
Weekly closing 1901. Nothing special and Index continues to drop in slow motion driven mainly by capesizes (below usd29,000 daily), while panamaxes and supras are in a consolidation phase. Momentum is fading and seasonal negative factors knock our door. Market is going to decline further during Nov/Dec/Jan (espclly last two months), and hope not in a strong bearish momentum.
