John Faraclas
Volatile Capes bounce back, Wets dry-out amid messy Geopolitics coupled with the Coronavirus’ anathema
The BDI (Baltic Dry Index) gained 53 points since yesterday and now stands at 1,317 points regaining the 1,300 points threshold… ALL “this” thanks to the triple digit points of the as ever volatile Capes… The Wets losing steam amid turbulent and perplexed Geopolitics and Coronavirus must be eliminated at any cost. John Faraclas’ midweek market brief:
The Capes clinched 145 points with the BCI now reading 2,137 points and regaining – above all, the 2,000 threshold as well as that of 2,100 !!!
The Panamaxes did “well” with a 30 points plus and now the BPI reads 1,166 points…
The Supras’ BSI fell seven points at 890 AND
A bad minus …ace for the Handies’ BHSI now standing at 473 points…
No steam for the “ailing” Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 506 – minus seven and 357 – minus five points respectively…
The WTI as these lines are written reads US$ 41.30 – up 36 cents since yesterday
VesselsValue now brings transparency to a traditionally opaque market with automated Superyacht values
London based online valuation and data provider, VessesValue Ltd, have today launched their automated valuation platform for Superyachts, an industry first.
The company who already have deep roots in the maritime industry, have gone live with daily updated current and historical values back to 2012, available for over 6,000 Superyachts greater than 24m in size.
It is the first time their product has been available to the wider consumer community as well as existing industry stakeholders.
Vessel valuation page for M/Y Dilbar
The database that underpins their automated valuations contains over 9,000 live and on order yachts together with a comprehensive searchable record of all asking prices, sale and purchase transactions, newbuilding contracts and refits in an effort to bring true transparency to the market.
“Whilst over 20% of Superyachts are for sale at any given time, sale prices are rarely disclosed to the market place and therefore VesselsValue’s aim is to make the market more transparent and be the number one go to valuation service for Superyachts globally” states Chief Commercial Officer, Matthew Freeman.
The worlds largest live Motor Yacht (by Gross Tonnage) is M/Y Dilbar, 15,917 GT / 156m LOA, blt 2016 Lurssen which has a VV value today of USD 648 mil. This one of a kind Superyacht is owned by Russian oligarch Alisher Usmanov.
Matthew Freeman (Chief Commercial Officer), Dennis Causier (Senior Superyacht Specialist), Sam Tucker (Project Lead)
For those with a more modest budget, VesselsValue data suggests a 60m 10 year old Superyacht from a top yard is worth c. USD 36 mil and a 30m planing yacht of same age to be USD 2.6 mil without adjusting for any extra features.
VesselsValues’s Superyacht team is led by a team of experts including yachting specialist Dennis Causier. Dennis has been involved in the industry for over 40 years both in both an advisory role and as a yacht owner himself and acts as a commercial counterpoint to the data that VesselsValue provides. Project lead Sam Tucker has over 9 years experience both on and offshore.
For supporting commentary and further analysis please see VesselsValue BLOG.
Reverting on Geopolitics before midnight as Turkey continues its provocations and is sending in the Cypriot EEZ which is also European Union’s too.
So here we go on this late night update on Geopolitics:
MIGRANTS maintain the number one issue with cases in the Aegean, Italy and Malta… things will soon get out of control with incalculable repercussions for all involved.
The faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa is already on fire as most of its ten spots, erupt.
You can no trust Turkey nor its backers including its religious brothers… Turkey is about to call a fast one per expression and make Peace completely dead in its 1,500 miles from todays Turkish frontiers. Erdogan and his likes continue to pester all of Turkeys neighbours, mainly Armenians, Cypriots, Greeks, Kurds, Libyans Syrians to name but a few…
The German led European Union in Brussels has vested interests in Turkey over the last 200 years and German apathy against Hellenism has no limits. Only France might escape from the German umbrella and possibly Italy… The time will come again when Germany will beg for help… Remember this… SHAME, Shame as we cannot digest Mrs. Merkel’s handling of the Turkish aggression against two EU member states, Cyprus and Greece… The Bautas MUS fall… Watch what’s next during the next 24 hours.
The EU itself is in a mess and we insist NOW to double the rescue package… if we really want to see the EU afloat…
BREXIT and its whirling effects will urn Europe and most of Planet Ocean upside down…
At the other side of the Atlantic the race to the White House continues. The result is NOT what counts this time but its effect to the American people… CAUTION. The USA continues to flex its muscles in the South China Sea. Watch it…
India and China might clash soon… CAUTION….
As we said over the last month: Coronavirus makes waves; CAUTION. The Coronavirus COVID-19 anathema continues in full swing; are we ready for the new surge already ante ports??? Things are NOT going per the greedy society’s wishes… CAUTION. To MASK or NOT to Mask ??
Marine Tourism is being affected as a result of Coronavirus’ spread… due to the fact as Air Travel cannot respond either… Tourism itself is being affected in its entirety… Schools will be affected… and Unis too… Still politicians continue to make mistakes…. we will NOT accept any mea culpa… whasoever…
Have a nice evening but continue to remain on guard from actions emanating from Pirates, Terrorists, Criminals and any Business Hooligans whatsoever wherever you are on Planet Ocean. Once again a big THANK YOU to all who really care for all humans – Doctors, Nurses, Seafarers, Dockers, Port Authorities et al during this Coronavirus disaster!! We repeat: Do please invest in Hospitals including Equipment, Doctors, Nurses and any useful means to avoid further disasters! Become more disciplined and care for the Environment too. Lastly: Education and Training for all to be able to tackle these disasters. Let’s work collectively together and NOT opt for a fistful of Dollars to restart the already collapsed global economy… which is in red US$ 260 (twohundredandsixty) trillion…
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Uploaded: 23;06 BST
Updated : 23:55 BST
