John Faraclas
The BDI gained 19 points earlier on today and now stands at 965 thanks to the Capers’ triple digit figure. The world is being subjected to enigmatic Geopolitics and only Zeus knows with …Ajax what’s next. Over the last two reports – yesterday and on Friday 28th of July, as well as in most of our reporting over the last years we have explained what’s about to happen… John Faraclas’ daily briefing:
The Capers surged with the BCI gaining 106 points creating more uncertainty for all… From the 1,331 points that it currently stands, the BCI might go up to 1,700 but can also go under the 1,000 points-threshold creating more mess…
The Panamaxes managed to clinch three points and the BPI now reads 1,098 points…
All other sizes fell; the Supras’ BSI lost four point and now stands at 779 and…
The Handies’ BHSI continue the slow looping losing also four points and at 492 it feels the market’s pressure.
The Wets lost too..; the last published BDTI (Dirties) and BCTI (Cleans) stood at 639 – minus one , and 541 – minus three respectively.
As these lines are being written the WTI is just below the US$ 50 at US$48.79 and that’s good for the poor masses.
A snap shot showing the percentage of the offshore fleet currently laid up
On the offshore field now, VesselsValue brings an excellent compact report: Using VesselsValue’s Offshore mapping service VV@, Senior Offshore Analyst Charlie Hockless has put together a snap shot showing the percentage of the offshore fleet currently laid up. Across all offshore types, 28% of the fleet is currently laid up, with PSVs topping the table with 36% of their fleet currently laid up.
Mr. Hockless explains the definition of ‘laid up’ used in this context: ‘Estimating the number of vessels in lay-up is an imperfect science, however, using a big data approach VesselsValue can provide a valid estimation using the following methodology. VV observes the recency of a vessel’s AIS signal and filters the data ppropriately. Vessels that have not signalled for over a week are considered to be in lay-up.’
The VesselsValue offshore database includes:
Offshore Support Vessels (PSV, AHTS, AHT, FSV, Ocean Going Tug and ERRVs)
Offshore Construction Vessels (Pipe layer, Cable Layer, Well Intervention, Dive Support Vessels, MPSV, Floatel, Accommodation Ship, Crane, Lift Boats, SOV, Utility Vessel)
Mobile Offshore Drilling Units (Drillship, Semi submersible, Jack Ups)
The Dow Jones approached a new record and might soon be over and above the 22,000 but Planet Ocean’s economy is in reality, in a mess. The bubble will burst…
The Container ships, for which we have extensively explained just recently the reason of being a liability today, need to see the Global Economy making real strides and debts are being either written off or differed or else… Even the volume isn’t there as it should have been given the parameters – population, needs, wealth…!
The Geopolitical situ gets worse…
MIGRANTS remain still on top of all issues and that includes all sub categories – refugees, asylum seekers, jobless, immigrants you name it. The most alarming though is the influx from the Asian-subcontinent, Middle East, North Africa and sub-Sahara regions and other adjacent area to Europe. There isn’t a coherent policy there and wonder what has happened to a famous directive that many we heard / overheard being prepared in Brussels. Shame! Shame as the social cohesion is broken and as it has been proved, some of these Migrants are Terrorists…
In conjunction with the Migrants, the Wars in Syria and Iraq against ISIS and many others there, increase and produce more tensions worldwide… Who knows what else we are going to witness… We insist in our views that the world is on fire and that affects and will continue to affect shipping and whatever it entails around the maritime world. Add what we have written on the credit crunch and be ready to face the music…
Turkey is embroiled in an internal settlement of …”old” scores and the en-mass trials taking place for those “accused” by the Erdogan regime continues… Expect mess within… Externally, Erdogan’s Turkey continues his blackmail policy and also pesters all in the region, needless to say the involvement of Turkey to lead sections of the Muslim World against the infidels… Check this and tell us in the comments box herebelow!
Next door Greece, lives in a surreal so to speak world of populist politics within, its effects and results are already been seen and soon we will see the collapse… Obviously to Greece’s destruction the number one group who bears the ethical and moral responsibility is the EU lenders headed by Germany; end of the story. History though coupled with Nemesis always strikes back – never ever forget this. Read and study history and see what Hellenism can counter even to the extreme as Alexander the Great taught the World and other Hellenes at certain important times followed suite…
The Balkans and in particular the western Balkans are an tinder box –never fails and a repeat of past mess, that just over a century ago can still be expected… CAUTION! Religion should be set aside, Humane solutions please!
Cyprus still in tatters…
BREXIT, hard or soft will create an unprecedented phenomenon. We reiterate the view that the fault of uncertainty on what’s next for millions, particularly business and workers of any kind, rests with Brussels; end of the story!
Now, this is a bit serious as the notorious GTA gang reacted violently in a Moscow Court, three were killed, two more from the gang and three security guards wounded…The Grand Theft Auto will definitely become a top seller and an “excellent” film. Authorities worldwide MUST learn from this incident and protect the Courts and its personnel!!!!!!!
Meantime Russia and the USA are at odds / loggerheads on many issues and it remains to be seen what next. From the Baltic States, to the Middle East, even in the Far East with the North Korean nuclear saga developing, to the Cape of Good Hope Moscow and Washington are fighting like cats and dogs and simultaneously are playing around behind close doors… Lets see if the USA “sanctions” work, and vice versa… Pity, as all these messy developments create sufferings worldwide…
Noth Korea plays with fire… Are the North Koreans alone? Is the USA softening its language against Pyongyang and wishes a summit? Let us see the Manila meeting with Rex Tillerson and Sergey Lavrov what it produces. There are too many issues… Preemptive tactics could happen…
China plays hide and seek games; CAUTION
Japan is on alert with many issues in the Far East… so does South Korea…
In Venezuela the mess continues and president Trump cautions so speak Maduro. Nicholas Maduro MUST go!
Meantime we need to see an end in the White House particularly vis-à-vis its personnel; the president’s aides should rise to the circumstances and support him! He has a lot to deal with and let’s see that all this Russian saga evaporates for the benefit of Humanity. A very difficult presidency lies ahead; too many domestic and international issues to cope with… One that also will bother is the economy’s plastic – credit card issue spiralling to billions of dollars – at least US$ 100 billion will be the projected credit card loses even in an hypothetical adverse recession… CAUTION. It has been said that the USA has a record of at least a few trillion of dollars in credit card debts…
In Africa and in particular in East Africa there might be a case which is being investigated that BAT – British American Tobacco paid bribes there; smoke in the air or reality…
That’s all for tonight; more news tomorrow.
Have a nice evening and a good August holiday break, but be on guard for any eventuality deriving from Pirates, Terrorists and Wild fires….
Uploaded 19:50 BST
Updated 23:45 BST
