Archive for the ‘Tankers’ Category

What a week* that was with the Markets, Geopolitics and Coronavirus…

What a week* that was with the Markets, Geopolitics and Coronavirus…
John Faraclas What a week* that was with the Markets, Geopolitics and Coronavirus… Lack of steam is this week’s market is the main characteristic for both the Dry and Wet Markets; Geopolitics seem on hold but this is the biggest bluff; Coronavirus raises the stakes for what is yet to come. John Faraclas’...
April 3rd, 2020 | Chartering, Dry Bulkcarriers, Health and Safety, HR, Insight, Markets, Military, Reports, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

American Club member alert (April 3, 2020) – re – INTERTANKO’s new publication: Outbreak management plan:COVID-19

American Club member alert (April 3, 2020) – re – INTERTANKO’s new publication: Outbreak management plan:COVID-19
American Club member alert (April 3, 2020) – re – INTERTANKO’s new publication: Outbreak management plan:COVID-19 APRIL 03, 2020 INTERTANKO’S NEW PUBLICATION: OUTBREAK MANAGEMENT PLAN: COVID-19 INTERTANKO has today released the guidance document, Outbreak Management Plan:...
April 3rd, 2020 | Associations, Health and Safety, Intertanko, P and I Clubs, Tankers | Read More

BIMCO: As oil prices plummet, crude oil tanker time charter rates skyrocket

BIMCO: As oil prices plummet, crude oil tanker time charter rates skyrocket
Peter Sand BIMCO: As oil prices plummet, crude oil tanker time charter rates skyrocket Geopolitics is the dominating variable in the tanker market these days. With the OPEC+ negotiations falling apart and Saudi Arabia initiating an oil price war, the crude oil tanker spot freight rates, and time charter...
April 2nd, 2020 | BIMCO, Chartering, Oil Industry, Oil Platforms and Rigs, Reports, Tankers | Read More

Dry Market midweek blues, Wets thrive and the Coronavirus anathema “remains” an enigma…

Dry Market midweek blues, Wets thrive and the Coronavirus anathema “remains” an enigma…
John Faraclas Dry Market midweek blues, Wets thrive and the Coronavirus anathema “remains” an enigma… The BDI (Baltic Dry Index) following a “surge” due to the volatile Capes was down two points since yesterday and now reads 624… The VLCC’s and ULCC’s witnessed another unprecedented rise...
April 1st, 2020 | Chartering, Dry Bulkcarriers, Health and Safety, HR, Markets, Military, News, Reports, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Falling Markets, global Recession and the Coronavirus effect

Falling Markets, global Recession and the Coronavirus effect
John Faraclas Falling Markets, global Recession and the Coronavirus effect Another interesting week and brace for more difficulties in all fronts. John Faraclas’ daily and weekly recaps: The BDI (Baltic Dry Index) lost 13 points and now stands  at 556; on a weekly basis same was down 69 points –...
March 27th, 2020 | Airline Industry, Aviation, Chartering, Comment, Dry Bulkcarriers, Health and Safety, Insight, Markets, News, Ports & Terminals, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Midweek Dry Market blues, Wets “thrive” and Coronavirus begins to devastate Planet Ocean

Midweek Dry Market blues, Wets “thrive” and Coronavirus begins to devastate Planet Ocean
John Faraclas Midweek Dry Market blues, Wets “thrive” and Coronavirus begins to devastate Planet Ocean The BDI (Baltic Dry Index) lost 21 points and now stands at 582; the Geopolitics remain sour as something is about to happen due to the Coronavirus effect as well as with the existing Recession...
March 25th, 2020 | Airline Industry, Aviation, Health and Safety, Insight, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Chugoku Marine Paints: Solvent-free epoxy for water ballast tanks

Chugoku Marine Paints: Solvent-free epoxy for water ballast tanks
Chugoku Marine Paints: Solvent-free epoxy for water ballast tanks Chugoku Marine Paints to supply solvent-free epoxy for MR tanker newbuildings’ water ballast tanks in South Korea (Hyundai Mipo Dockyard) Following many years of extensive prototype trials in field tests, Chugoku Marine Paints, Ltd.,...
March 23rd, 2020 | Environment, Marine Equipment Products and Services, Shipbuilding and Shipyards, Tankers, Technical, Technology | Read More

Markets? Which Markets… Coronavirus the buzz word for Geopolitics!!!

Markets? Which Markets… Coronavirus the buzz word for Geopolitics!!!
John Faraclas Markets? Which Markets… Coronavirus the buzz word for Geopolitics!!! The BDI (Baltic Dry Index) close down six points since yesterday at 625;  Coronavirus makes waves with thousand been infected and a new World order is ante portas. John Faraclas’ brief daily and weekly recaps: The...
March 20th, 2020 | Chartering, Dry Bulkcarriers, Health and Safety, Insight, Markets, Shipping Indices, Tankers | Read More

The Markets, Coronavirus et al: mind the …”gap”*…

The Markets, Coronavirus et al: mind the …”gap”*…
John Faraclas The Markets, Coronavirus et al: mind the …”gap”*… Is there any inasmuch proviso to solve the perplexed Dry and Wet Markets or the Coronavirus – this unprecedented story engulfing everything all over Planet Ocean, or anything else the Business Hooligans of the Universe have...
March 19th, 2020 | Chartering, Dry Bulkcarriers, Fixtures, Health and Safety, Insight, Markets, News, Reports, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

In A Time of Crisis – Could a Jones Act Waiver be on the Way?

In A Time of Crisis – Could a Jones Act Waiver be on the Way?
.. In a Time of Crisis – Could a Jones Act Waiver be on the Way? On Wednesday March 18, 2020, crude prices fell to their lowest levels in 18 years. As companies and industries around the world are bracing for an unknown global economic slowdown brought on by COVID-19, domestic oil companies and others...
March 19th, 2020 | Markets, Oil Industry, Stock Markets, Tankers, Trade and Commerce | Read More

Markets fall, messy Geopolitics and Coronavirus shakes Planet Ocean

Markets fall, messy Geopolitics and Coronavirus shakes Planet Ocean
John N. Faraclas Markets fall, messy Geopolitics and Coronavirus shakes Planet Ocean The BDI (Baltic Dry Index) lost a point and now stands at 616; messy and perplexed Geopolitics coupled with chaotic Coronavirus advances brings down Planet Ocean’s economy. John Faraclas’ brief daily recap: The Capes,...
March 9th, 2020 | Dry Bulkcarriers, Health and Safety, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce, WISTA - Women in Shipping | Read More

Markets remain low despite minimal “upsurge”; geopolitics to rock Peace and Coronavirus is ante portas

Markets remain low despite minimal “upsurge”; geopolitics to rock Peace and Coronavirus is ante portas
John Faraclas Markets remain low despite minimal “upsurge”; geopolitics to rock Peace and Coronavirus is ante portas The BDI (Baltic Dry Index) clinched ten points and now reads 549. Geopolitics going through tough times with MIGRANTS and as per the title above,  Coronavirus becomes a health issue...
March 3rd, 2020 | Chartering, Dry Bulkcarriers, Health and Safety, Markets, Military, News, Reports, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Three M’s cause global chaos – Markets, Migrants and Medical issues

Three M’s cause global chaos – Markets, Migrants and Medical issues
John Faraclas Three M’s cause global chaos – Markets, Migrants and Medical issues The Shipping Markets remain low under with the BDI under the 600 points threshold. Migrants cause havoc in both side of the Atlantic and Medical issues – such as Coronavirus cause panic and chaos. John Faraclas brief ...
February 28th, 2020 | Conferences, Seminars, Forums, Dry Bulkcarriers, Insight, Markets, Military, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

The Markets: put up or shut up…

The Markets: put up or shut up…
John Faraclas The Markets: put up or shut up… With the BDI still under the 500 points threshold and despite logical optimism that same might rise around Posidonia 2020 in the region of at least 1,500 points, things might turn sour. We are witnessing a Market catastrophe coupled with just a few but...
February 21st, 2020 | Chartering, Container shipping, Containers, Dry Bulkcarriers, Events, Insight, Markets, Reports, Shipping Indices, Statistics, Tankers, Trade and Commerce | Read More

Capes’ dive; a liability, a catastrophe or an asymmetrical temporarily situ?

Capes’ dive; a liability, a catastrophe or an asymmetrical temporarily situ?
John Faraclas Capes’ dive; a liability, a catastrophe or an asymmetrical temporarily situ? The BDI (Baltic Dry Index) was up four points since yesterday following a 48 hours stagnation and now reads 425. On a weekly basis, hooray hooray, same was up ten points from last Friday’s (07/02) when same...
February 14th, 2020 | Chartering, Dry Bulkcarriers, European Union, Health and Safety, Markets, Military, Politics and Government, Reports, Safety and Security, Shipping Indices, Tankers, Trade and Commerce | Read More

Coronavirus causes China Crude disruption

Coronavirus causes China Crude disruption
Coronavirus causes China Crude disruption Using satellite tracking technology, we have compared China’s real time demand for seaborne crude oil from the Middle East in recent weeks against the same period last year. The coronavirus has coincided with Chinese New Year, so we have compared data...
February 14th, 2020 | Health and Safety, Oil Industry, Tankers, Trade and Commerce | Read More

Performance Shipping Inc., update on Repurchases under the previously announced share buyback program

Performance Shipping Inc., update on Repurchases under the previously announced share buyback program
Performance Shipping Inc., update on Repurchases under the previously announced share buyback program ATHENS, GREECE, February 10, 2020 – Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that, since the...
February 10th, 2020 | Company Profiles, Containers, Markets, Stock Markets, Tankers | Read More

With the BDI down at 415, lips are sealed…

With the BDI down at 415, lips are sealed…
John Faraclas With the BDI down at 415, lips are sealed… What an end of a weak week that was with the BDI losing 16 points and now standing at 415 amid dangerous and perplexed geopolitical issues? John Faraclas’ recap: The weekly losses of the BDI stood at 72 points – down from 487 recorded last...
February 7th, 2020 | Anniversaries, Art and auctions, Awards, Chartering, Corruption, Dry Bulkcarriers, EEZ, Emissions, Energy, Environment, European Union, Events, Events, Conferences,Forums and Symposiums, Fishing Trawlers, Fixtures, Health and Safety, HR, IMO, Insight, Markets, Military, News, Oil Spill, Organisations, People and Places, Photography, Politics and Government, Pollution, Ports & Terminals, Reports, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Market analysis: Coronavirus impacting the global shipping industry

Market analysis: Coronavirus impacting the global shipping industry
The BIMCO House  Market analysis: Coronavirus impacting the global shipping industry The outbreak of the novel Coronavirus has dented market sentiment and spooked markets around the globe. When China sneezes, we all catch the flu. This especially holds true for the commercial shipping markets, which...
February 6th, 2020 | Associations, BIMCO, Health and Safety, Manning - Seafarers and Offshore, Medical, Reports, Tankers | Read More

Midweek blues, …a lonely green, a birthday, and an acquittal (?)…

Midweek blues, …a lonely green, a birthday, and an acquittal (?)…
John Faraclas Midweek blues, …a lonely green, a birthday, and an acquittal (?)… The Dry and Wet Markets continued to fall with the exception of this lonely green, the Cleans. Geopolitics as messy, perplexed  and unprecedented as ever. John Faraclas extra midweek recap: The BDI (Baltic Dry Index)...
February 5th, 2020 | Chartering, Dry Bulkcarriers, Environment, European Union, Health and Safety, IMO, Markets, Medical, News, Piracy and Terrorism, Politics and Government, Ports & Terminals, Shipping Indices, Tankers, Tourism, Trade and Commerce | Read More

Possible Warning for the Tanker Market

Possible Warning for the Tanker Market
Possible Warning for the Tanker Market Overview After a positive autumn and winter, recent events have resulted in an increasingly pessimistic short term outlook for the Tanker market. In short, factors contributing to supply growth and demand constriction have combined to bring down Tanker rates. The...
February 3rd, 2020 | Markets, Ship Demolitions, Tankers | Read More

Aces…

Aces…
John Faraclas Aces… Aces come in many forms and categories in all sectors of everyday life, be it business, sports – say tennis for example, negotiations – particularly on S&P, politics – to be impeached or not, in numerology, in card games we might hear the cry “Aces high.”  This is...
January 30th, 2020 | Chartering, Comment, Dry Bulkcarriers, Events, Health and Safety, Insight, Markets, Military, News, Reports, Safety and Security, Shipping Indices, Tankers, Trade and Commerce | Read More

Mid-Week Blues

Mid-Week Blues
John Faraclas Mid-Week Blues What a start and what developments are these today in all fronts? For …a start, on our part same where predicted. All Markets – Dry and Wet in red with an unprecedented collapse of the Capes. The geopolitical mess is beginning to reach the climax this side has predicted....
January 29th, 2020 | Chartering, Comment, Dry Bulkcarriers, Earthquakes, Tsunamis, Cyclones and Typhoons, Health and Safety, Markets, Medical, Military, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Performance Shipping reports financial results for Q4 and year ended Dec. 2019; announces delivery of the Aframax m/t P.Fos

Performance Shipping reports financial results for Q4 and year ended Dec. 2019; announces delivery of the Aframax m/t P.Fos
  Performance Shipping Inc. reports financial results for the fourth quarter and year ended December 2019; announces delivery of the Aframax tanker vessel, the m/t P.Fos ATHENS, GREECE, January 28, 2020 – Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company...
January 28th, 2020 | Accountancy, Containers, Stock Markets, Tankers | Read More

BIMCO: Phase one deal will deliver both trade creation and trade diversion (CNBC 02:39)

BIMCO: Phase one deal will deliver both trade creation and trade diversion (CNBC 02:39)
. BIMCO: Phase one deal will deliver both trade creation and trade diversion (CNBC 02:39) BIMCO: The “Phase one deal” delivers a mixed bag for the global shipping industry. But overall positive to see the first non-escalation of the trade war. Oil tankers are likely to benefit, dry bulkers...
January 17th, 2020 | BIMCO, Chartering, Dry Bulkcarriers, Markets, Tankers, Trade and Commerce | Read More