Crude Tanker Rates Expected to Stay Strong Despite Russia Turmoil
Prospects for the crude oil tanker market are expected to stay strong for at least the next year helped by low ship ordering, despite the loss of some trade from Russia due to Western sanctions, leading ship operators say.Russia has increased exports to Asia, Africa and South America following the imposition of Western sanctions for its invasion of Ukraine.
Wells, Georgiopoulos to Keynote HACC/NACC Ship Conference
The conference committee of the 20th annual Hellenic-American and Norwegian-American Chambers of Commerce conference, often called the New York Shipping Conference, announced today the luncheon keynote speakers will be and George Wells of Cargill and Peter Georgiopoulos. Entitled “Today’s Vision- Tomorrow’s Reality”, the conference will present a Macro Shipping and Economic Overview, a look at Shipping 2020, the challenges of balancing safety, regulatory compliance and costs, the current outlook and sources of dry bulk demand and supply…
New York Shipping Conference Adds Speakers
Examining areas of change and growth in shipping is the focus of the 20th annual Hellenic-American and Norwegian-American Chambers of Commerce conference, often called the New York Shipping Conference. Entitled “Today’s Vision- Tomorrow’s Reality”, the conference will present a Macro Shipping and Economic Overview, a look at Shipping 2020, the challenges of balancing safety, regulatory compliance and costs, the current outlook and sources of dry bulk demand and supply, sourcing ship finance, and the commercial impacts of decisions regarding trade routes, chartering and futures.
New York Shipping Conference: The New Normal
Examining key industry drivers is the focus of the 17th annual Hellenic-American and Norwegian-American Chambers of Commerce annual conference, often called the New York Shipping Conference. Entitled “Challenges & Opportunities for the Shipping Industry: Is There a New Normal?” the conference will present the macro shipping and economic overview, the impact of increasing environmental regulation on the shipping market, the availability of capital and its many forms, the growing influence of China and India on Shipping, and shipowners’ points of view. The event will be held on Tuesday, February 8th at the Waldorf-Astoria (a new venue for this event) starting at 0815 with conference registration and coffee.
Navios President to Retire
AP has reported that Greece-based Navios Maritime Holdings Inc., a dry bulk shipper, on Tuesday said President Robert Shaw will retire and named Ted Petrone to take his place. Shaw is expected to step down as president Sept. 30 but will continue serve on the board. Petrone will head Navios' worldwide commercial operations. He has spent 26 years with the company and most recently managed daily commercial Panamex activity, including trading tonnage, derivative hedge positions and cargoes.
