EU Environment Ministers adopted this week the Council position on the revision of the EU Emission Trading System (ETS) and the inclusion of shipping in the scheme, as part of the ‘Fit…
European Union
Fed presidents cautiously optimistic for a soft landing By Julian Jacobs The central question facing the US economy right now is whether the Federal Reserve’s interest rate hikes will produce…
Good Morning Monaco Friday, July 1, 2022 EU vice-president remarks on Association progressThe European Union’s Vice-President, Maros Šefčovič, on Thursday spoke of progress made in agreeing an Association Agreement with…
by Costas Frangeskides and Olubi Adejobi, Wordley Partnership Solicitors Sanction measures are a means by which a Country or coalition of Countries, for instance NATO, EU or UN, apply restrictive…
Piraeus, 22.6.2022 – The Union of Greek Shipowners (UGS) welcomes the proposed revisions of the EU ETS Directive regarding the shipping sector. The introduced improvements in the text of the…
EU nature law could be gamechanger for marine biodiversity, but will be meaningless if fisheries not properly addressed – NGO reaction
Today, the European Commission presented its legislative proposal on nature restoration, a new law with binding targets to restore degraded land and marine ecosystems across the EU. This is a major milestone…
Europe’s ports release study on the impact of the changing energy landscape on port infrastructure and operations
On Friday 3 June, the ESPO-EFIP study on the implications of the changing energy landscape on Europe’s ports was released and presented at ESPO’s Annual Conference in Valencia. The aim of the…
Dry Market dries out; Wets still enigmatic. War in Ukraine gets worse and Covid looms in the background
The Dry Market had one of its worse weeks with the BDI (Baltic Dry Index) diving down to 2,681 points, thanks to the volatile Capes – losing 660 points since…
ECB interest rate hesitancy behind currency misalignments By Bob Bischof and David Marsh The European Central Bank’s hesitancy in raising interest rates to counteract spiralling inflation is compounding problems of…
The BDI (Baltic Dry Index) went over and above the 3,300 points and now reads 3,344, thanks once again for the Capes’ excellent performance; the Wets remain an enigma. The…
The North Adriatic Ports Association (NAPA) meet in Ravenna to present a common action plan to the EU coordinator of the Baltic – Adriatic corridor
Ravenna, May 19, 2022 – The North Adriatic Ports gathered in the NAPA (North Adriatic Ports Association) overall handling more than 2.8 million TEUS just met in Ravenna (Italy) the European Coordinator of the…
The European Parliament recognizes the structural role of the commercial operators in shipping and the need for a sector-dedicated fund
Piraeus, 18.5.2022 – The Union of Greek Shipowners (UGS) welcomes the adopted position of the Committee of the Environment, Public Health and Food Safety (ENVI) of the European Parliament, on…
Brussels, 17 May – The European Parliament’s ENVI Committee today adopted its report on the proposal on the revision of the EU ETS. The World Shipping Council (WSC) welcomes this…
The Markets, particularly the Dry ones fell raising eyebrows; let us hope is a tempo fall as summer is here. The despicable war in Ukraine continues and unimaginable things will…
Capes’ rise lifts the BDI – now standing at 2,718, whilst Wets remain with mixed feelings. The Third World War continues with the Russian aggression in Ukraine – and possibly…
HEMEXPO – Hellenic Marine Equipment Manufacturers and Exports – a leading suppliers and exporters association for the international shipping industry has become a member of the WATERBORNE Technology Platform (TP),…
BP’s $20 billion loss, EU mulls Russia crude ban, HSBC investors sanguine about break up calls
Susannah Streeter, senior investment and markets analyst Hargreaves Lansdown: ‘’$20.4 billion is an eye-watering quarterly loss for BP but it’s far from unexpected. The market had already factored in a…
A fortnight of Dry and Wets ups and downs; Ukraine’s despicable events will spread amid economic chaos, “supported” by the uncharted waters of Covid The BDI (Baltic Dry Index) was…
Commenting on the news that the government will not be implementing the next phase of the Border Operating Model in July, the British International Freight Association (BIFA) says it is…
New risks have Europe updating its civil defenses, but are nations rebuilding or reinventing? Up-to-date civil defense can make a difference in saving lives in what might be a more…
FEPORT calls upon the EU Commission to gather all interested parties to discuss about the consequences of Port of Shanghai closure
Closure and delays in the Port of Shanghai:FEPORT calls for an urgent initiative from the EU Commission to gather all interested parties to discuss contingency plans Brussels, April 27th, 2022 For…
ESPO welcomes cross-party support in the European Parliament for prioritising OPS where it makes sense
19 April 2022 Today the European Parliament Committee on Transport and Tourism (TRAN) will discuss the draft Report from MEP Ertug on the proposal for an Alternative Fuels Infrastructure Regulation…
Good Morning Monaco Friday, April 15, 2022 Axe falls on Riviera oligarch propertiesFrance’s finance ministry has announced sweeping new freezes of the properties of many oligarchs whose assets had previously…
GLOBAL & REGIONAL DAILY HIGHLIGHTS April 13 2022 Global Markets The USD holds gains today with the DXY Index at 100.39 at the time of writing; Japanese Yen falls at…
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown ’That sinking feeling has now hit shares in Europe after falls on Wall Street amid concerns that inflationary pressures are still…