Oil Industry

The BDI@1,009: truth is stranger than fiction…

John Faraclas – picture by ecopack77

The BDI (Baltic Dry Index) ended the day with yet another fall; at 1,009 – minus 55 might soon create one of the biggest disasters in shipping’s recent history if it goes below the 1,000 point-threshold, something possible… We have seen the highs of 11,793 on the 20th of May 2008, but also the lows of 662 in December 2008 and 290 on the 10th of February 2016 – the absolute bottom… Brace of the unthinkable… just in case… Geopolitics get sour on all fronts and...

http://www.allaboutshipping.co.uk/2018/11/14/the-bdi1009-truth-is-stranger-than-fiction/

Looking from the outside in: new industry report reveals how predictive analytics is set to transform oil and gas, but are we doing enough?

Lloyd’s Register HQ’s in London

Insight from companies across the world brings the future in focus on the pace and development of predictive analytics.

A new industry report launched today – an extension of the global Technology Radar survey series produced by Lloyd’s Register (LR) – reveals the pace, development and adoption of predictive analytics in oil and gas.

The report brings in to focus how different companies are using predictive analytics and to what extent companies are transforming...

http://www.allaboutshipping.co.uk/2018/11/12/looking-from-the-outside-in-new-industry-report-reveals-how-predictive-analytics-is-set-to-transform-oil-and-gas-but-are-we-doing-enough/

The BDI@1,231 …medieval figures that hurt

John Faraclas

The BDI (Baltic Dry Index) is now 1,016 points below the figure as of the end of December 2013 when it stood at 2,247 points. Geopolitics with all types of wars dangerously spreading; IBIA’s 2018 Convention finale more than a cause to celebrate! John Faraclas daily briefing:

The BDI by losing 73 points lost the 1,300 point threshold and since last Monday the 5th of November when our respective daily recap was titled:  proves all our worries and the dangerous volatile uncertainty.

The...

http://www.allaboutshipping.co.uk/2018/11/08/the-bdi1231-medieval-figures-that-hurt/

Capes “sink” the BDI at 1,395…

John Faraclas

The BDI (Baltic Dry Index) lost 33 points earlier on today and now stands at 1,395; Geopolitics still messy and IBIA’s Annual Convention makes waves. John Faraclas’ daily briefing:

The  volatile Capes’ BCI three-digit loss of 101 points bringing down this index at 2,296 points was the talk of the town… surpassing even Aegean Marine Petroleum’s filling for Chapter 11 news… As said in the past, one size cannot determine the markets nor create a market but the harsh reality is that the...

http://www.allaboutshipping.co.uk/2018/11/06/capes-sink-the-bdi-at-1395/

The BDI@1,428: remember remember remember the 5th of November

John Faraclas

The BDI (Baltic Dry Index) lost 29 points and now stands at 1,428… Geopolitics in jeopardy as the banking system needs trillions of US Dollars …just to breath. John Faraclas’ brief recap:

The volatile Capes lost the 2,500 points threshold with a small bang by losing 105 point; the BCI at 2,397 make waves… CAUTION although expect volatility to prevail…

A point plus is a point plus for the Panamaxes’ BPI now at 1,531 !

Ten points down for the Supras’  BSI now reading 1,041 !

The Handies...

http://www.allaboutshipping.co.uk/2018/11/05/the-bdi1428-remember-remember-remember-the-5th-of-november/

BDI’s contained fall at 1,470; Wets ’R fine and Geopolitics with corruption et al rule the day…

John Faraclas

The BDI (Baltic Dry Index) was down 20 points at 1,470 – a contained fall so to speak… Geopolitics an issue with corruption being the name of the game… For the sake of Art though the day ended more than harmoniously. John Faraclas’ brief  recap:

The Capes’ BCI lost 66 points and now reads 2,530 points… the most volatile of all sizes and indices still bother us… Caution…

“Good” news as the Panamaxes’ BPI clinched two points and now stand at 1,526…

A dozen points were lost from the Supra...

http://www.allaboutshipping.co.uk/2018/11/01/bdis-contained-fall-at-1470-wets-r-fine-and-geopolitics-with-corruption-et-al-rule-the-day/

IMCA appoints head of Policy & Regulatory affairs

Margaret Fitzgerald

  • Maritime lawyer joins the IMCA Secretariat

The International Marine Contractors Association (IMCA) has appointed Margaret Fitzgerald as its Head of Policy & Regulatory Affairs. She will represent the Association on all regulatory matters and lead its involvement with the International Maritime Organization (IMO), where IMCA holds non-governmental observer status.

Margaret has over 20 years’ experience in shipping. She previously worked for the IMO Secretariat, leading on the...

http://www.allaboutshipping.co.uk/2018/11/01/imca-appoints-head-of-policy-regulatory-affairs/

GAC UK opens new Dundee office in response to increasing offshore and renewables activity

Grangemouth, 28 September 2018 – GAC UK has opened its 19th branch, in the heart of Dundee harbour. Together with its long-established branches in Scotland at Aberdeen, Leith, Shetland, Invergordon, Orkney and Grangemouth, the new office enables GAC UK to better respond to the growing needs of its offshore and renewables client base in Scotland and beyond.

Adrian Henry, GAC UK’s General Manager – Oil, Gas & Renewables, says: “The addition of a quayside facility in the Port of Dundee to our...

http://www.allaboutshipping.co.uk/2018/09/28/gac-uk-opens-new-dundee-office-in-response-to-increasing-offshore-and-renewables-activity/

+ More