Δευ11282022

Last updateΔευ, 28 Νοε 2022 7pm

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CELESTYAL APPPOINTS INTER-CONNECT AS GSA IN GERMANY, AUSTRIA AND SWITZERLAND

0Crystal and Olympia Celestyal, the award-winning first choice for cruises in the Greek islands and the Eastern Mediterranean, announces its cooperation with Inter-Connect.

Recovery for Panamaxes and slight growth for the dry bulk cargo market

bulk ships 000Iakovos (Jack) Archontakis
Commercial Manager TMC MARITIME CO.

Fotios-Evangelos Karlis
Chartering Department TMC MARITIME CO.

We saw an increase regarding the dry bulk cargo market this week as well. Panamaxes and Handies showed an upward trend while Capes and Supramaxes retreated.

Grimaldi Group: The Sea embraces the Space

GrimaldiWithin its Navigation Innovation and Support Program (NAVISP) and with the contribution of the Italian Space Agency (ASI), the European Space Agency (ESA) has assigned the Grimaldi Group the GSAB (Grimaldi Satellite Assisted Berthing) project, aimed at developing and validating the first assisted guidance system with satellite technology for docking maneuvers of large PCTC (Pure Car & Truck Carrier) vessels.

The Naples-based Grimaldi Group – one of the largest international shipping groups, with a fleet of around 130 ships owned, 10 newbuilds under construction and 10 in the design phase – will coordinate an international team with Kongsberg, a Norwegian industry leader specialized in the design of signal reception and processing technology, and the Radiolabs Consortium which, in addition to supporting the Grimaldi Group as co-prime contractor, will take care of the design, execution and validation of the system in operating conditions. The operational tests will be carried out on one of the large and modern ro-ro ships part of the Neapolitan shipping group’s fleet.

GSAB involves a first 18-month phase for the design of the equipment, its laboratory tests and pre-installation on the selected ship. The second phase, already discussed and agreed with ESA, will start in March 2024: it will involve on-site tests in the Port of Antwerp (Belgium) at Antwerp Euroterminal (a Grimaldi-owned terminal), as well as their analysis and validation, which will allow to plan the further steps necessary for commissioning.

GSAB aims at the development of a system for vessel mooring assisted guidance, using the newest satellite tracking technologies in support of the latest generation automation systems installed on board the ship. For the 1st level of autonomous navigation (at the Port of Antwerp), the technology will not operate automatically but will provide information to the ship’s Master to facilitate decision making and mooring.

The shipping group’s Managing Director Emanuele Grimaldi expressed his satisfaction with this agreement with ESA, which confirms the interest of the Grimaldi Group in new satellite technologies intended to increase the efficiency and safety of ship management systems.

Thessaloniki named host of 2023 Posidonia Sea Tourism Forum

0ΘεσThe 2023 Posidonia Sea Tourism Forum will be held in Thessaloniki next Spring, as the organisers of Greece’s premier cruising and yachting conference have decided to move the biennial event away from Athens for the first time since its inception 11 years ago.

Athens to host agenda-setting global maritime convention Prestigious Propeller Club’s annual event

0Logo PropellerClub 96thAnnualConvention 090922This year’s International Annual Convention and Conference will be held in Athens this September in front of hundreds of delegates from around the world who will converge to the Greek capital to attend one of the most significant gatherings of the International Propeller Club, of the United States, amidst a backdrop of challenging global geopolitical and economic conditions.

Attica Group inaugurates the 3 new AERO Highspeed vessels

0ατικATTICA HOLDINGS S.A. ("Attica Group"), member of Marfin Investment Group (MIG), celebrated the delivery of its 3 state-of-the-art vessels, “AERO Highspeed 1”, “AERO Highspeed 2” and “AERO Highspeed 3” at an inauguration event held on Thursday September 8, 2022 at the Port of Piraeus in the presence of distinguished guests, representatives of the Authorities, partners and friends.

Key Developments and Growth in Global Ship Finance

petrofin

Main findings 

1. The Petrofin Index for Global Ship Finance which commenced at 100 in 2008 is up by 1 point (from 62 in 2021 to 63), showing a rise for the first time in eleven years.
2. Top 40 Banks’ lending to shipping in 2021 is higher at US$290.12bn from $286.9bn in 2020.
3. Asian and Australian banks (APAC) show the only growth, from $100.85bn to $114.75. APAC increased their share of the Global Portfolios from 35% to 39.5%. European banks’ share declined further by US$9.78, 5.8% yoy.
4. Within Europe, the big decline continues by German banks although the trend has slowed down. Greek banks showed a yoy growth of 14.2 %, whilst Scandinavian banks continued their overall decline deemphasising lending in favour of use of their services to shipping.
5. According to Petrofin Research ©, we can provide a cautious, indicative figure for global shipfinance, including all forms of lending, leasing and alternative providers, of approx. US$500bn. The total global bank lending of all banks, including local banks, amounts to approx. US$340bn, i.e. approx. 2/3 of the global ship finance total.
6. There is increasing evidence that due to the Russian invasion of Ukraine, together with the high energy prices, geographical sanctions, higher interest rates, slowdown in global growth and concerns over an incoming recession, bank lending in 2022 has been disrupted as caution prevails amongst banks. The Chinese selective lockdowns and economic slowdown has added to the above concerns and is having a temporary impact on Chinese leasing as well.

 

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