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Scrubbers Not Attractive at the Moment | Brazil Modal

Illustration. Image Courtesy: Pxhere under CC0 Creative Commons license


Ahead of the implementation of the sulphur cap regulation on January 1, 2020, the company is considering which path it would take to tackle emissions in order to comply with the regulation, Diana Shipping said in its third quarter 2018 earnings call.

Out of a number of options that are out there, Diana Shipping believes that the implementation dilemma boils down to choosing between the installation of scrubbers or burning cleaner fuels.

“It is a matter of an investment opportunity that we have to consider for better risk reward and returns,” Ioannis G. Zafirakis, Diana Shipping’s Director, Chief Strategy Officer and Secretary, said, adding that investing in scrubbers is not a part of the company’s business strategy moving forward.

He explained that buying back the company’s stock offers much better return possibilities than investing in scrubbers. Zafirakis further said that, after examining scrubbers as an option, Diana Shipping does not consider this as an attractive opportunity at the moment.

Diana Shipping earlier informed that it has commencement a tender offer to purchase up to 4.1 million shares, or about 3.86%, of its outstanding common stock using funds available from cash and cash equivalents at a price of USD 3.60 per share.

The tender offer will expire on December 20, 2018, unless extended or withdrawn. The Board of Directors determined that it is in the company’s best interest to repurchase shares at this time given Diana Shipping’s cash position and stock price.


Source: World Maritime News


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Foreign trade

General presentation The essential role of the Foreign Trade Department (FTD), which is part of the Ministry for Business Environment, Trade and …


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SGR cargo fees up 79% on China pay | Brazil Modal

Kenya Railways said the cost of transporting a 20-foot container from Mombasa to Nairobi will increase to $500 (Sh51,275) from Sh35,000, a 46.5 per cent rise.

Hauling the larger 40-foot container will cost up to Sh$700 (Sh71,785), from the current Sh40,000, reflecting a 79.9 per cent rise.

The SGR cargo sector has struggled for business in the face of competition from truckers, prompting a fierce government campaign to drive cargo to the new transporter.

Kenya requires additional cash from the railway business to ease the taxpayer’s burden of paying the Chinese firm managing the SGR.

China Communications Construction Company runs the SGR cargo and passenger business at an undisclosed management fee.

“The promotional freight tariff will come to an end on December 31, 2018, and thereafter the (new) tariff book rate will become effective from January 1,” Kenya Railways said in a notice.


Source: Business Daily


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Sigh of relief as Trump, Xi agree on trade war ceasefire, World News & Top Stories

A global sigh of relief has greeted a temporary, 90-day truce between China and the US in their trade war after a meeting between President Donald Trump and President Xi Jinping in Buenos Aires.

Over a 2½-hour dinner meeting on Saturday, the two leaders set a 90-day window for negotiators to address differences and agree on terms of trade and market access.

President Trump agreed to hold off on new tariffs, and President Xi agreed to increase China’s purchases of American products.

However, all eyes will now be on the negotiations because if they fail, the US’ planned 25 per cent additional tariffs on Chinese goods, due to kick in earlier on Jan 1, will go ahead.

But the atmosphere at the dinner was good. It went over the allotted time, and ended with a round of applause from those in the room, observers said.

“This was an amazing and pro-ductive meeting with unlimited possibilities for both the United States and China,” President Trump said in a statement as he flew back to the US on Air Force One. “It is my great honour to be working with President Xi.”

China’s state news agency Xinhua said both sides had agreed to avoid escalation of trade measures and take “immediate efforts to address issues of mutual concern”.

It added that Beijing was com-mitted to deepening its economic reforms and opening its markets, a process which would address economic and trade issues raised by Washington.

“Meanwhile, the US side will actively address China’s concerns on economic and trade issues,” wrote Xinhua.

A statement from White House press secretary Sarah Sanders said President Trump had agreed that on Jan 1 next year, he would leave the tariffs on US$200 billion (S$275 billion) worth of products at the 10 per cent rate, and not raise them to 25 per cent.

“China will agree to purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial and other products from the United States to reduce the trade imbalance between our two countries,” it added.

China had agreed to start purchasing agricultural products from American farmers immediately, it also said. Additionally, the two leaders agreed to immediately begin negotiations on structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cybertheft, services and agriculture, it said.

Chinese Foreign Minister Wang Yi said the atmosphere at the meeting was friendly and sincere. “Important consensus was reached… which will chart a direction for China-US relations after today,” Xinhua reported him as saying.

An editorial in nationalist tabloid Global Times said the agreement has “huge potential for fair trade”.

“It is hoped that the trade teams from both countries will reach as many practical agreements as possible and as quickly as possible to hasten China-US cooperation,” it said.

In an additional significant development, China agreed to designate fentanyl a controlled substance – meaning people selling it to the US would be subject to the maximum penalty under the law.

Fentanyl is a powerful synthetic drug used to lace heroin and opioids, blamed for an alarming spike in overdose deaths across the US. Much of it comes from China.

Labelling fentanyl a controlled substance was a “wonderful humanitarian gesture” from President Xi, the White House statement said.


American farmers see light at the end of the tunnel

Truce augurs well for both sides to work towards normal ties

PM Lee puts hope on constructive outcome from Trump-Xi meeting


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EU-rapporteur Maritime Single Window visits the Port of Rotterdam | Brazil Modal

 Deirdre Clune, member of the European European People’s Party in the European Parliament, visited the Port of Rotterdam. Ms Clune is the rapporteur on behalf of the European Parliament on the European Maritime Single Window Environment (EMSWe) Regulation and, because of the possible impact of this file on ports, an important stakeholder for the Port of Rotterdam.

The impact of the Brexit on the Port of Rotterdam was mentioned several times during the visit. We have indicated that preparation remains key, regardless of the negotiation outcomes.

After a presentation by Iwan van der Wolf, Managing Director of Portbase, about the functioning and added value of port community systems, an in-depth discussion took place about the EMSWe dossier in the presence of Isabelle Ryckbost, Secretary General of the European Sea Ports Organization (ESPO). All parties at the table agreed that flexibility in the EMSWe proposal is key in order not to hamper developments in larger European ports and also helping smaller ports in Europe to advance through digitization. The rapporteur’s expectation is that the European Parliament will agree to keep the reporting route open via the PCS in the Single Window Regulation. This route seemed to be under pressure because European policymakers at first wanted to have in place one notification entry for shipping at the national level. In the past months, the Port of Rotterdam has advocated to keep the (optional) reporting route via Portbase open for the shipping industry.


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Essay about foreign trade quizlet

Essay about foreign trade quizlet. 30 de novembro de 2018. Bulimia argumentative essay nervosa food safety short essay youtube lion par essay …


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OPCSA completes TOS transition – Launch of N4 | Brazil Modal

From OPCSA, it is estimated that the implementation of N4 in Gran Canaria will significantly improve productivity and benefit the terminal’s bottom line. N4 is an essential component to OPCSA’s overall improvement plan, as it will work to minimize the number of unproductive container moves and improve stowage and vessel turnaround times, which will ultimately reduce both time and cost for each operation.

“From the moment we decided to partner with Navis for N4, we looked with enthusiasm at the opportunity to improve our current operations in terms of reliability and productivity and also at the prospect of providing our clients with new options that simplify their work and make it more effective,” said Capt. Jan Nowak, CEO, OPCSA. “Our dedicated and motivated team, under joint project management with Navis experts, was key for a smooth go-live and quick recovery that had our operations back up and running and achieved normal productivity within a week.”

“Navis began working with OPCSA in January’18 on the change over from its previous TOS that was outdated and did not allow the terminal to adapt to the ever-changing ocean shipping environment,” said Chuck Schneider, General Manager, EMEA. “The terminal has committed to making a series of improvements on its road to modernization – both physical and technological – and the investment in N4 allows it to deliver on its promise of significant IT progress for its customers. We’re thrilled that the implementation went off without any unplanned disruption and the OPCSA can now start realizing the many benefits N4 has to offer.”


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Forex Trading Hub

Largest foreign exchange centers ForexFX hub, or currency market is a global decentralized or over-the-counter OTC market for the trading of …


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Jersey’s supply line with UK is ‘fragile’ | Brazil Modal


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Solved: An Isolated Country Is Closed To Foreign Trade And…

An isolated country is closed to foreign trade and investment.
Its government collects no taxes and spends no money. Initial
(autonomous) consumption to 300 million dollars. The marginal
propensity to consume equals 0.8. Finally, private investments
equal 100 million dollars

Find the aggregate consumption function.

Find the aggregate demand schedule.

  Calculate equilibrium national income (Y).

  If investment is to increase to 100 million dollars,
calculate the multiplier and the ultimate change in Y brought about
by the increase in investment.


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