John Faraclas
With 11 plus points, thanks to the volatility of the Capes – down 58 yesterday and plus 70 today, the BDI …floats “safely”… Geopolitics messy as ever… John Faraclas’ daily Markets and Geopolitics briefing:
The Capes’ BCI with its 70 points plus now reads 2,176 points…
Minus seven for the Panamaxes BPI now at 1,789 points…
A double digit loss for the Supras’ BSI now at 1,181 – minus 11!
The Handies’ BHSI continued to rise; 668 – plus three!!!
The Wets once again with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 963 +16 and 598 -2 respectively…
The WTI down at US$68.65… let us hope it drops further but…
The Environment with the 2020 for a start as well as other coming issues – add the turbulent Geopolitics and its Trade Wars (sanctions et al), will greatly affect Shipping. Shipping, as we numerous times have stressed, will become shipping for the very very very few!! Arctic Shipping will also bother us for a multiple of reasons too; some will be aired in the forthcoming WISTA event in Tromsø Norway all next week. And then many issues on the environment at IBIA’s major event in Copenhagen at the first week of November; get geared for both!
The Geopolitics cannot be followed by the man in the street anymore…. Things happening derail the Society and Peace worldwide with the MIGRANTS’ issue remaining at the top; the Wars including the trade wars; the Gibraltar to Afghanistan and Caucuses to the Horn of Africa region in a mess and… and … and a totally Bankrupt Planet Ocean. Wonder how the IISS – the International Institute for Strategic Studies, can really help the situation before we all end up …inside out and upside down… Did I hear you say BREXIT, …ITALEXIT (?) or Turkey, Greece, Cyprus and East Med issues, The Balkans, The Khashoggi saga… The Brazilian right-man’s upwards tend which will also change South American politics… The Chinese Geopolitical “gains”…The African issues… We are living in interesting times…
The panel
On another tone and note the LSLC – London Shipping Law Centre, organised an interesting forum on “The Hague – Visby Rules at 50”; what an anniversary that was at a full house at the magnificent Essex Court Chambers building off Father Thames!
Chaired by David Foxton QC, speakers included Jeffrey Gruder QC, Steve Berry QC, Nigel Eaton QC and the very eloquent David Walsh. We will revert with a full write-up. An excellent hand-out well prepared and very informative!
A full house; the right side of the auditorium
Good networking at the lively drinks and dips – one of the best ever, reception that followed! An event that MUST be repeated!
From the lively drinks and dips reception
Meantime log on at the www.shippinglbc.com as there are thee coming events, very interesting in November!
In parallel with the above event another equally important took place at the Lloyd’s Register’s auditorium on “LNG as a Marine Fuel” organised by INA’s London Branch with Darren Andrews, Meng, project engineer from SHELL. Will revert with some of the main points of this very informative presentation which maps also SHELL’s approach to the LNG as a marine fuel… Watch this space!
Have a nice evening and remain on guard from actions emanating from Pirates, Terrorists and Criminals of any kind wherever you are on Planet Ocean.
