Barry Parker

Barry Parker

New York correspondent, Seatrade Maritime

Barry Parker is a New York-based maritime specialist and writer, associated with Seatrade since 1980. His early work was in drybulk chartering, and in the early 1990s he moved into shipping finance where he served as a deal-maker and analyst with a leading maritime merchant bank. Since the late 1990s he has worked for a group of select clients on various maritime projects, also remaining active as a writer.

The integral role of insurance, at a time that regulations and business practices cannot keep up with the rapid pace of technological change was in the spotlight at the Annual General Meeting (AGM) of the American Institute of Marine Underwriters (AIMU).

It was bound to happen, sooner or later. Exactly a year ago, the day after 2016’s Election Day, at the Marine Money Forum in New York, someone asked Wilbur Ross, the keynote speaker whether he might join the Trump administration. Ross, a noted investor and Trump pal around the New York social scene, had advised Trump on various economic matters previously.

The dry bulk shipping arena’s upward trajectory is continuing and as earnings season for Q3 2017 results have continued onward, equity analysts were turning more positive.

Dry bulk shipping is all the rage. Consider that Scorpio Bulkers (SALT), a bellwether of the sector, has seen its share price strengthen with the seemingly improved dry bulk market.

Houston port congestion and how to deal with it with solutions ranging from self-regulation to big data were the focus of discussions at this week's Mare Forum conference.

With some major shipping markets seeming to have passed worst the question of what opportunities there were for financiers and investors were in focus at the Capital Link New York Maritime Forum this week.

The tanker market is seeing the “full realistion” of oversupply the ABSA Cargo Conference was told last week, but changing trading patterns were also starting to emerge.

The ongoing parade of hurricanes moving westward across the Atlantic continues, bringing with it the rain, flooding, and high winds. This year, with damage in Texas - Hurricane Harvey, Florida - Hurricane Irma and, now, Puerto Rico with Hurricane Maria, the storms have also brought about renewed debates regarding the Jones Act.

In the face of two major hurricanes, the US Department of Homeland Security has now extended its previous Jones Act waiver (due to expire 14 September) for another week.

As Hurricane Irma barrels into the Florida coast the logistics of fuel distribution in the aftermath of the storm are already in the spotlight with a Jones Act waiver. 

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