GLOBAL & REGIONAL DAILY (Thursday, 19 September 2019)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

September 19, 2019

Global Markets

As was widely expected, yesterday the Fed cut its target range for the federal funds rate by 25bps to 1.75-2.00%. The lack of clear hints for further Fed rate easing favored the USD, while the 2/10-yr UST yield curve flattened.

Greece

The Asset Protection Scheme (APS) for the reduction of NPLs – recently named “Hercules project” by the Greek government – has been submitted to DG Comp for approval. According to the Greek government...

https://www.allaboutshipping.co.uk/2019/09/19/global-regional-daily-thursday-19-september-2019/

Storm Imelda Floods Communities, Disrupts Shipping in Beaumont

The U.S. Coast Guard is helping local authorities with emergency response efforts after Tropical Depression Imelda dumped dozens of inches of rain near Beaumont, Texas. Vessel traffic on the busy Beaumont Ship Channel has halted due to the severe storm conditions, the USCG said, and ExxonMobil's Beaumont petrochemical plant has temporarily closed. 

Shallow water response teams from Marine Safety Unit Baton Rouge as well as helicopters from Air Station Houston are on standby to respond to...

https://maritime-executive.com/article/storm-imelda-floods-communities-disrupts-shipping-in-beaumont-12

MacGregor secures orders worth more than EUR 20 million for projects in Europe and Asia

MacGregor, part of Cargotec, has secured orders to provide MacGregor products to a Naval project in Europe and TTS products to a RoRo project in Asia. The total order value is more than EUR 20 million and the contracts include ramps, car deck and lifting platform equipment. The orders were booked...

https://www.hellenicshippingnews.com/macgregor-secures-orders-worth-more-than-eur-20-million-for-projects-in-europe-and-asia/

Evergreen ULCV order will leave THE Alliance far behind rivals in terms of big ship capacity

Evergreen’s new order of 10 23,000 teu ULCVs will bring the Ocean Alliance close to parity with the 2M alliance in terms of the number of 18,000 teu-plus ships in their combined fleet, leaving THE Alliance well behind, according to Alphaliner.
The Taiwanese carrier officially confirmed in a stock market disclosure last week an order for the 10 mega ULCVs which are to be built at South Korean and Chinese yards …

The post Evergreen ULCV order will leave THE Alliance far behind rivals in terms of...

https://theloadstar.com/evergreen-ulcv-order-will-leave-the-alliance-far-behind-rivals-in-terms-of-big-ship-capacity/