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Lu Kang

China: What Deal?

By MarEx 2019-05-20 20:45:36

China has rebuffed claims by U.S. President Donald Trump that it broke a deal made to end the trade war. Lu Kang, spokesperson of the Foreign Ministry, said on May 20: “I am not sure what the U.S. side was referring to by 'a deal.' Perhaps it has bore in mind all along 'a deal' of its own wildwish, one that China has certainly not agreed on however.” In an interview with Fox News aired on Sunday night, Trump said...

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China's Imports of Solid Waste Continue to Decline

By MarEx 2019-05-19 21:33:55

China’s imports of solid waste have continued to decline this year with imports of plastic, paper and metal waste amounting to 4.74 million tons, down 33.1 percent from January to April in 2018. The drop follows a decline of nearly 50 percent in 2018 as the country tightened its ban on solid waste imports. China has set a target of zero solid waste imports by 2020. China began importing solid waste as a source of raw materials in the 1980s...

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Record High Number of Countries are Dependent on Commodities

By MarEx 2019-05-19 17:06:08

The number of countries that depend on commodities has reached its highest level in 20 years, says a new UNCTAD report. UNCTAD defines a country as dependent on commodities when they account for more than 60 percent of its total merchandise exports in value terms. The State of Commodity Dependence Report 2019 shows commodity-dependent countries increased from 92 between 1998 and 2002 to 102 between 2013 and 2017. More than half of the world’s countries (102 out of 189)...

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Denis Petropoulos

Denis Petropoulos Appointed New Baltic Exchange Chairman

By MarEx 2019-05-18 22:22:01

Denis Petropoulos has been elected Chairman of the Baltic Exchange Council with effect from June 1, 2019. He replaces Duncan Dunn who has held the position since January 2018.  Petropoulos has worked in competitive ship broking for 40 years. He presently sits on INTERTANKO's Associate Members' Committee and is a non-executive director of TEN, a New York Stock Exchange listed tanker company. He left H.Clarksons in 1985 to open Braemar Tankers, which by 2001, had evolved into a publicly listed...

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WTO headquarters

WTO and Shipping Industry Concerned About Trade War

By MarEx 2019-05-14 19:46:06

A delegation from the International Chamber of Shipping (ICS), the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA) has, at the World Trade Organization (WTO) in Geneva, expressed concern over recent increases in protectionist measures including the decision by the U.S. to increase tariffs on Chinese goods.  In two position papers to the WTO, the organizations say they are “fully committed to the preservation and promotion of free trade policies and principles around the world.” The papers...

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Aqualis and Braemar Technical Services to Join Forces

By MarEx 2019-05-13 18:19:47

Aqualis ASA and Braemar Shipping Services has entered into an agreement for Aqualis to acquire three business lines representing the majority of the Braemar Technical Services division.  Within the marine segment, Braemar Technical Services offer a worldwide emergency casualty, accident or incident response and international marine survey services. Within the adjusting segment, the company provides services such as loss adjusting, risk assessment, legal/expert witness and construction dispute resolution to the international insurance and reinsurance markets. Aqualis Offshore is a specialized...

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What Brexit Will Mean for Agriculture and the Food Supply Chain

By Daniela Stratulativ 2019-05-13 02:08:01

The U.K. agriculture sector will face two major losses after the U.K. leaves the E.U. The first is the E.U. funding for the farming and rural communities development, a total of over 26 billion EUR over 2014-2020. The second is the protection of the U.K. farmers against unfair trade practices through the new E.U. - Unfair Trading Practices Directive (EU - UTP). After Brexit, only U.K. farmers doing business with buyers in E.U. states will be protected. To address the...

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U.S. trade deficit (in billions, goods and services) by country in 2017

China Wants Dignified Trade Agreement

By MarEx 2019-05-12 21:08:07

China wants an equal and dignified trade agreement with the text to any deal balanced. "We know that every nation has its dignity, so the text ought to be balanced," said Vice-Premier Liu He late Friday, at the end of two days of trade talks in Washington. U.S. President Donald Trump has ordered that tariffs on $200 billion worth of Chinese imports now be raised from 10 to 25 percent, and hours after the Chinese delegation left Washington, U.S. Trade...

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Marine Project Manager

By MarEx 2019-05-09 11:44:22

JOB PURPOSE/SUMMARY: Develops project plans and deliverables, directs all project phases and acts as primary project contact on marine exhaust gas scrubber projects moderate complexity or secondary project contact on medium to large projects. Ensures that goals or objectives are accomplished within prescribed time frame and funding parameters through project team members and organizational sponsors/stakeholders. Projects will encompass the following major components: planning, staffing, implementation, control...

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Marine Safety Manager

By MarEx 2019-05-09 10:39:31

JOB DESCRIPTION Intermediary to the Company’s overall HSSEQ strategy, consistent with the Company’s mission, strategy, and core values. Monitor and verify the conformance of vessel operations with all company policies and the documented management system. Liaise and coordinate with the Head of HSSEQ and / or DPA to identify any potential deviations and to provide guidance and support for the effective implementation of corrective actions on board the vessels. ...

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