Capes volatility keeps the Dry market “buoyant”…

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John Faraclas

Capes volatility keeps the Dry market “buoyant”…

The BDI (Baltic Dry Index) was up 75 points at 1,426… Geopolitics still sour. John Faraclas’ brief recap:

The BDI is now over and above the 1,400 points; cross your fingers and don’t complain!

The Capes’ three digit  plus figure – the second in two days was more than welcomed as the BCI flerts with the 3,000 points. At 2,953 – plus 237 points the Capes seems for the time being safe… but we shall see…

The Panamamxes’ BPI continues its contained fall and now reads 1,111 points – minus eight…

The Supras’ BSI stood at 783 – up 16 points…

The Handies’ BHSI clinched two points and now reads 496…

The Wets on the up; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,297 – up 21 points and 961 – up 19 points respectively.

Meantime, VesselsValue launches next generation of automated vessel valuations with Idwal Marine
VesselsValue is excited to announce the launch of automated Condition Adjusted Values (CAV) in partnership with Idwal Marine.

CAV combines a vessel’s actual condition with algorithmically derived market values to now account for a vessel’s physical condition; a first for the maritime industry.
Tom Evans, Director of VesselsValue explains that “CAV will assist stakeholders to get value for the additional time, effort and expense of maintaining quality fleets; an effort that we see rewarded in transactions but not in valuations currently.”

Unique Idwal vessel grading data is fed into the VesselsValue algorithms to produce daily automated Condition Adjusted Values.

Historical inspection reports can also be requested directly through the VV platform. If no permission has been granted by the owner, or if no recent inspection reports are available, users can commission a new inspection report via the platform.

Any method of asset valuation requires assumptions. Desktop valuations commonly assume a vessel is in fair condition with all relevant Class, Flag and certificate requirements in place. This new value enables users to gain greater granularity and move beyond assumptions that all vessels are in a fair condition.

Idwal Managing Director Nick Owens said “We’re thrilled to enter a partnership with VesselsValue to bring Condition Adjusted Values to the industry. Through the combination of Idwal’s latest grading data, users now have greater visibility into a ship’s true value. This is just one of the ways Idwal is bringing inspection data back to the industry to help it make smarter decisions.”

The WTI was up 40 cents to US$ 58.41; CAUTION!

The Geopolitics remain sour all over Planet Ocean…

Ioannis Plakiotakis (c) and the Greek Ambassador Dimitris Caramitsos-Tziras (r) at the press conference with John Faraclas; picture by NA

The IMO’s 31st Assembly continued its deliberations.

The Geek minister of Maritime Affairs and Insular policy Ioannis Plakiotakis, gave a brief and to the point Press Conference at the Greek Embassy on all issues/matters and meetings he attended during his stay in the administrative capital of Shipping, London. Very good and construed replies. Excellent! Will revert on this press conference at the first update. Watch this space!

The Cypriot Minister of Shipping Natasa Pilides

In the evening the parties and receptions of the IMO’s delegations continued… The Cypriot one at the Hellenic Centre was the talk of the town. Many congrats to its organisers.

Have a nice  evening and remain on guard from actions emanation from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean.

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