Archive for the ‘Tankers’ Category

The BDI improves further whilst the Wets fall continue amid geopolitical perplexed uncertainty

The BDI improves further whilst the Wets fall continue amid geopolitical perplexed uncertainty
John Faraclas The BDI improves further whilst the Wets fall continue amid geopolitical perplexed uncertainty The BDI (Baltic Dry Index) gained 40 points thanks to the triple-digit Capes rise and now stands at 1,568 points; wonder what’s up with the falling Wets. Geopolitics will surprise many in all...
December 2nd, 2019 | Chartering, Comment, Dry Bulkcarriers, Markets, News, People and Places, Reports, Shipping Indices, Tankers, Trade and Commerce, WISTA - Women in Shipping | Read More

Shipping number of the week: Most VLCCs delivered in 40 years

Shipping number of the week: Most VLCCs delivered in 40 years
The BIMCO House Shipping number of the week: Most VLCCs delivered in 40 years The Very Large Crude Carrier (VLCC) fleet has grown at a staggering rate of 8% year to date in November. The 65 VLCCs delivered in the first 11 months of 2019 will mark the highest number of deliveries since 1976. A total of...
November 29th, 2019 | Associations, BIMCO, Markets, Reports, Tankers | Read More

Dry Market maintains its …“momentum”; the Wets falling…

Dry Market maintains its …“momentum”; the Wets falling…
John Faraclas Dry Market maintains its …“momentum”; the Wets falling… The BDI (Baltic Dry Index) gained 27 points and now stands at 1,467; Geopolitics still sour. John Faraclas brief daily recap: The Capes a whisker close to 3,000 points; the flirting continues and looks like tomorrow this threshold...
November 28th, 2019 | Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Statistics, Tankers, Trade and Commerce | Read More

The Markets “still” buoyant…

The Markets “still” buoyant…
John Faraclas The Markets “still” buoyant The BDI (Baltic Dry Index) was up 14 points and now stands at 1,440 points; the Wets with mixed feelings… John Faraclas’ midweek recap: What a contained rise of all Dry Indices, eh! The triple-digit surge of Capes during the beginning of the week (Monday...
November 27th, 2019 | Anniversaries, Chartering, Dry Bulkcarriers, IMIF, London Shipping Law Centre, Markets, News, Shipping Indices, Statistics, Stock Markets, Tankers | Read More

Capes volatility keeps the Dry market “buoyant”…

Capes volatility keeps the Dry market “buoyant”…
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...
November 26th, 2019 | Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Events, Markets, News, Press and Media, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Performance Shipping reports Financial Results for the Q3 and Nine Months ended September 30, 2019

Performance Shipping reports Financial Results for the Q3 and Nine Months ended September 30, 2019
.. Performance Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2019  ATHENS, GREECE, November 26, 2019 – Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships and tanker...
November 26th, 2019 | Accountancy, Containers, Markets, Statistics, Stock Markets, Tankers | Read More

BIMCO December Market Outlook: Tanker shipping and Macroeconomics 25 Nov. 2019

BIMCO December Market Outlook: Tanker shipping and Macroeconomics 25 Nov. 2019
Peter Sand BIMCO December Market Outlook: Tanker shipping and Macroeconomics 25 Nov. 2019 MACROECONOMICS World growth and trade volumes under pressure, but still positive A continued slowdown in global growth, as well as a lower trade multiplier will reduce overall demand for shipping for the rest of...
November 25th, 2019 | BIMCO, Chartering, Markets, Oil Industry, Statistics, Stock Markets, Tankers | Read More

Contained dry fall and continued wet surge

Contained dry fall and continued wet surge
John Faraclas Contained Dry fall and continued Wet surge The BDI (Baltic Dry Index) fell five points and now stands at 1,255. The Wets’ surge and will continue to surge. Geopolitics for strong nerves with the Migrants creating havoc in South Europe. John Faraclas’ brief recap: The Capes’ BCI was...
November 21st, 2019 | Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Falling BDI amid Planet Ocean’s Geopolitical mess…

Falling BDI amid Planet Ocean’s Geopolitical mess…
John Faraclas Falling BDI amid Planet Ocean’s Geopolitical mess… The BDI (Baltic Dry Index) lost 44  points earlier on today and now stands at 1,260. With the geopolitical issues having no end, things can get sour all over. John Faraclas’ brief midweek recap: The Capes’ BCI loss was a triple...
November 20th, 2019 | Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Tankers, Trade and Commerce | Read More

Performance Shipping Inc. announces agreement to acquire an Aframax Tanker and US$11.0 million investment by its chairman

Performance Shipping Inc. announces agreement to acquire an Aframax Tanker and US$11.0 million investment by its chairman
.. Performance Shipping Inc. Announces Agreement to Acquire an Aframax Tanker and US$11.0 Million Investment by its Chairman ATHENS, GREECE, November 20, 2019 – Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships and...
November 20th, 2019 | Company Profiles, Markets, News, Sales and Purchases, Stock Markets, Tankers | Read More

Will history repeat itself? Callum MacPherson, Investec’s Head of Commodities comments on the upcoming OPEC meeting

Will history repeat itself? Callum MacPherson, Investec’s Head of Commodities comments on the upcoming OPEC meeting
Callum Macpherson Will history repeat itself? Callum MacPherson, Investec’s Head of Commodities comments on the upcoming OPEC meeting Callum MacPherson, Investec’s Head of Commodities “Over the last half of this year, the oil market has provided little cheer for the bulls. Even the attack on...
November 20th, 2019 | Energy, Markets, Oil Industry, Tankers | Read More

Skyfall …err Dryfall continues with the BDI@1,304; Wets …“surge”

Skyfall …err Dryfall continues with the BDI@1,304; Wets …“surge”
John Faraclas Skyfall …err Dryfall continues with the BDI@1,304; Wets …“surge” The Dry Market ‘s fall continued with the only excemption that of the Panamax which surprise surprise gained four points! The Wets on the up and Geopolitics as usual continue to deteriorate sending hint-alarms but...
November 19th, 2019 | Chartering, Dry Bulkcarriers, Markets, Military, News, Oil Industry, Reports, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

The BDI@1,338… CAUTION!

The BDI@1,338… CAUTION!
John Faraclas The BDI@1,338… CAUTION! The BDI (Baltic Dry Index) fell 19 points since last Friday the 15th of November and makes things more uncertain as it’s a bad start for this week, given that  Geopolitics are being governed by the few who don’t care at all how the 7.7 billion people on...
November 18th, 2019 | Chartering, Comment, Dry Bulkcarriers, Insight, Markets, Military, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

Dry Market’s contained fall amid perplexed Geopolitics and Global Debt continues…

Dry Market’s contained fall amid perplexed Geopolitics and Global Debt continues…
John Faraclas Dry Market’s contained fall amid perplexed Geopolitics and Global Debt continues… The BDI (Baltic Dry Index) was down earlier on today seven points to 1,357 and on a weekly basis 21 – from 1,378 points (08 Nov.2019). A contained fall with only the Capes being on a slight upwards...
November 15th, 2019 | Awards, Books, Chartering, Civil Unrest, Comment, Conferences, Seminars, Forums, Dry Bulkcarriers, Events, Markets, Military, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Unsustainable Volatile Markets with the BDI down at 1,364

Unsustainable Volatile Markets with the BDI down at 1,364
John Faraclas Unsustainable Volatile Markets with the BDI down at 1,364 The BDI (Baltic Dry Index) fell just a point earlier on today despite the Capes’ “surge”. Geopolitics still perplexed and any time we might feel the tsunamis. John Faraclas’ brief recap: The Capes’ BCI was up 58 points...
November 14th, 2019 | Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Statistics, Tankers, Trade and Commerce | Read More

Hot Port News from GAC

Hot Port News from GAC
Hot Port News from GAC 14-Nov-2019 TRANSITING VLCCS Suez Canal, Egypt REMOVAL OF WRECK OFF SAM KA TSUEN TYPHOON SHELTER Hong Kong Transiting VLCCs Thursday, November 14, 2019, Suez Canal, Egypt Suez Canal Authority has decided that circular No. 03/2016 concerning VLCCs (of DWT more than 250,000 tons)...
November 14th, 2019 | Canals, Port Conditions, Ports & Terminals, Tankers | Read More

Volatile Capes’ slight “rebound” but all other dry indices falling; the Wets balancing…

Volatile Capes’ slight “rebound” but all other dry indices falling; the Wets balancing…
John Faraclas Volatile Capes’ slight “rebound” but all other dry indices falling; the Wets balancing… The BDI was up 11 points earlier on today and now stands at 1,365… Messy Geopolitics might as numerous times have stressed turn Planet Ocean upside down! John Faraclas’ brief daily recap: The...
November 13th, 2019 | Associations, Banking, Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Events, Food and Drink, Maritime Education and Training, Markets, Military, Reports, Shipfinance, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Factum: The BDI@1378; Grammenos’ event a sea change…

Factum: The BDI@1378; Grammenos’ event a sea change…
John Faraclas Factum: The BDI@1378; Grammenos’ event a sea change… The BDI (Baltic Dry Index) lost 50 points earlier on today and now stands at 1,378; it also lost 319 points since last week’s 1,697 points; Geopolitics entering a more than perplexed and messy period with incalculable repercussions...
November 8th, 2019 | Civil Unrest, Comment, Dry Bulkcarriers, Earthquakes, Tsunamis, Cyclones and Typhoons, Environment, Events, Conferences,Forums and Symposiums, Markets, Military, Shipping Indices, Tankers, Trade and Commerce | Read More

Market collapse continues with the BDI@1,428

Market collapse continues with the BDI@1,428
John Faraclas Market collapse continues with the BDI@1,428 The BDI (Baltic Dry Index) lost 105 points thanks to the Capes’ three digit fall. Geopolitics still mess and Grammenos’ brigade continues its success on day two; John Faraclas’ brief recap: The BDI lost its 1,500 points threshold and let’s...
November 7th, 2019 | Banking, Chartering, Dry Bulkcarriers, Energy, Environment, Markets, Ship Demolitions, Shipfinance, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Markets collapse but Grammenos’ brigade makes waves

Markets collapse but Grammenos’ brigade makes waves
John Faraclas Markets collapse but Grammenos’ brigade makes waves The BDI (Baltic Dry Index) fell down to 1,533 points  – minus 123 since yesterday proving the volatility, unsustainability and the difficult times ahead amid a perplexed Geopolitical environment; John Faraclas’ brief daily...
November 6th, 2019 | Anniversaries, Banking, Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Energy, Finance, News, Reports, Shipping Indices, Tankers, Trade and Commerce | Read More

Shipping Markets: The Reds are here to stay…

Shipping Markets: The Reds are here to stay…
John Faraclas Shipping Markets: The Reds are here to stay… The BDI (Baltic Dry Index) fell 34 points losing also the 1,700 points threshold in a week’s time! At 1,697 seems vulnerable and ultra-CAUTION should be observed. Geopolitics are the name of the game in all fronts and as News is what they...
November 1st, 2019 | Chartering, Dry Bulkcarriers, Insight, Markets, Military, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce | Read More

Markets in a free fall

Markets in a free fall
John Faraclas Markets in a free fall Markets in a fee fall amid Planet Ocean’s uncertainty The BDI (Baltic Dry Index lost 51 points earlier on today and now stand at 1,731 points amid Planet Ocean’s worse uncertainty; John Faraclas brief recap: The Capes’ BCI down 100 !! points at 2,978 losing...
October 31st, 2019 | Chartering, Dry Bulkcarriers, Markets, News, Oil Industry, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce | Read More

Performance Shipping Inc announces appointment of deputy CEO

Performance Shipping Inc announces appointment of deputy CEO
.. PERFORMANCE SHIPPING INC. ANNOUNCES APPOINTMENT OF DEPUTY CHIEF EXECUTIVE OFFICER ATHENS, GREECE, October 31, 2019 – Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today announced that its board of directors has...
October 31st, 2019 | Company Profiles, Containers, Markets, Person Profiles, Stock Markets, Tankers | Read More

The BDI falls a point that could be a turning point unless the war begins…

The BDI falls a point that could be a turning point unless the war begins…
John Faraclas The BDI falls a point that could be a turning point unless the war begins… The BDI (Baltic Dry Index) lost a point and now stands at 1,801 points despite the upwards Capes’ mode as all other indices fall. Very cynically, unless we see a war – any war, which we believe that same will...
October 29th, 2019 | Academia, Art and auctions, Chartering, Conferences, Seminars, Forums, Container shipping, Containers, Events, Events, Conferences,Forums and Symposiums, Exhibitions, IT and Communications, Markets, Military, Paintings and Sculpture, Politics and Government, Shipping Indices, Special Surveys, Statistics, Stock Markets, Tankers, Technical, Technology, Trade and Commerce | Read More

The BDI struggles…

The BDI struggles…
John Faraclas The BDI struggles… The BDI (Baltic Dry Index) struggles to maintain a momentum as all indices are in red with the exemption of the BCI – Capes’ volatile behaviour. Geopolitics couldn’t be worse. John Faraclas’ daily brief: The BDI gained two points although in our view same should...
October 28th, 2019 | Associations, Chartering, Dry Bulkcarriers, Markets, Military, Piracy and Terrorism, Shipping Indices, Stock Markets, Tankers, Trade and Commerce, WISTA - Women in Shipping | Read More