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Last updateΔευ, 16 Σεπ 2024 10pm

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Golden Destiny: Weekly Market Report - Analysis - Week 13/14 ending April 4

Supramax-09The first days of April create worries for the stability of eurozone's economic recovery as figures showed that euro inflation hit to the lowest level during March, since November 2009. EU's statistics office Eurostat said that annual consumer inflation in the 18 countries sharing the euro fell to 0.5% in March, from February's 0.7%, which is well bellow the European Central Bank's target of 2%. Ιn the meantime, the European Central Bank held its benchmark interest rate at a record low in March, despite growing concerns over deflationary pressures in the region, The ECB said it was maintaining its benchmark interest rate at a record-low 0.25%, in line with market expectations. The central bank also held its marginal lending at 0.75% and left its deposit facility rate unchanged at 0.0%

Louis Cruises on the Executive Committee of CLIA Europe

Louis Cruises was invited to participate in the Executive Committee of CLIA Europe. CLIA Europe represents the leading cruise companies operating in Europe and has 43 members and 36 executive partners. CLIA Europe promotes the interests of cruise operators within Europe, liaising closely with the EU institutions: the commission, the Parliament, the Council of Ministers and their Permanent Representatives as well as with the European Maritime Safety Agency (EMSA).

Liner Reliability Set to Decline in 1Q14

maersk-containerLiner shipping is becoming less and less reliable as operators ignore service standards in the rush to cut costs. The bad news for shippers is that the situation is only going to get worse, according to Drewry's newly published Carrier Performance Insight report.

Weekly Drycargo Shipping Technical Analysis

panamax-5346Weekly closing 1110. The main comments last week fully stand. Technically there is not even a slight sign of reversal in attached candlestick chart .In just one month Index declined about 55 pct, (Yday was also Monthly closing and quite devastating indeed as far as technicals are concerned).

Drycargo Shipping Technical Analysis -Weekly closing 1246

Capesize bulkerLooks like we are aboard a ship and master (captain) has given an order to the engine room, for ''full spead astern'', (όπισθεν ολοταχώς), via the engine room telegraph apparatus which situated at all ships' bridge.

Drycargo Shipping Market (BDI) - Technical Analysis

capesize-09Weekly closing 1512. Current situation reminds me a Greek saying: ''Mehri na poume doxa soi o Theos, xanarhizoume to Panagia voitha'', (We are almost ready to say ''Thanks God'', but we say ''please God help us again''). Capesizes' drop is something more than dramatic. There is abs a panic in the market with heavy selling on FFA contracts. Major Charterers hv completely vanished from the market. Panamaxes/Supras/Handies, stormy weather hv caused a lot of delays at ports.

China: Fish Farms and Navigation around Lanshan Port, Shandong Province

csm 844 - Map 645c91b3fbThe London P&I Club, together with most of the I.G. P&I Clubs, has issued the following advice on the above matter: "Members calling at Lanshan Port in Shandong Province, China, will already be aware of the need for Masters to ensure that they are careful when navigating around the Port, in order to avoid contact with the many fish farms and potential claims arising as a consequence.

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