The BDI (Baltic Dry Index) lost its 2,700 points threshold, as Panamaxes fall was proportionally …substantial. Wets’ “strange” fall continues. Peace in Ukraine MUST be restored here and now, otherwise all this set up is the biggest crime against humanity. There is no “or else”; I mean counter and punishment against all aggressors. Wonder under which proviso protocols and measures are lifted and simultaneously Covid re-surges. John Faraclas’ brief daily recap:
T...
Markets try hard to remain buoyant whilst the despicable events in Ukraine and Covid’s rise coupled with the already existing recession might lead Planet Ocean to a point of no return; CAUTION. John Faraclas’ brief daily recap:
The BDI (Baltic Dry Index) was up just nine points since last Friday the 11th of March 2022 and now stands at 2,727…
Capes’ BCI went over and above the 2,700 points and now reads 2,786 – plus 110 !!
Panamaxes BPI lost the 3,100 points threshold and now reads...
Commodity rollercoaster continues – a fortnight on from the invasion of Ukraine
10 March 2022
Price moves since the invasion began
Susannah Streeter senior investment and markets analyst, Hargreaves Lansdown:
“The white knuckle ride for commodities continues as investors speculate about the latest sharp moves on the diplomatic and economic front in reaction to...
Diesel Vacuum in Crisis – Struck Europe Sucks In MRs
| Commentary from Vivek Srivastava, Senior Trade Analyst at VesselsValue. Demand for Clean Tankers has shifted up another gear, as the Ukraine crisis intensifies. As Russian troops amassed at the border with Eastern Ukraine last month and hostilities commenced on February 26th, the MR Atlantic Basket (an average of freight rates on key routes in the Atlantic Basin) climbed steadily from a January 25th low of $5,032 per day to a current... |
https://allaboutshipping.co.uk/2022/03/08/diesel-vacuum-in-crisis-struck-europe-sucks-in-mrs/
Shell heads for more Russian exits
8 March 2022
Shell heads for more Russian exits
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:
‘’Shell’s apology for buying Russian oil shows just how strong the winds of change are blowing through the corporate world. After coming under huge criticism over the weekend for snapping up a shipment of Russian crude at a bargain price, the company is putting reputation before immediate profits and severing more ties with the country....
https://allaboutshipping.co.uk/2022/03/08/shell-heads-for-more-russian-exits/
Losses accelerate on FTSE 100 as commodities rocket in price and spectre of stagflation hovers
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown:
‘’As oil and gas rockets in price and worries about the effect on global growth...
Vital Statistics for the 2021 100 Top Women in Shipping
By Anny Zade
We have not experienced anything like this and never witnessed or heard anything to be as closely followed as the international mega-spread talk, gossip and social media communication, as the aftermath of our third international 100 Top Women in Shipping. It was more than touching to see how women reacted in uploading the results and making presentations individually or in groups in many regions all over Planet Ocean....
https://allaboutshipping.co.uk/2022/03/07/vital-statistics-for-the-2021-100-top-women-in-shipping/
GLOBAL & REGIONAL MONTHLY (Thursday, 03 March 2022)
Although it is too early to assess the impact from the geopolitical tensions over Ukraine as the situation is very uncertain and still evolving, the global economy will be affected through a number of channels, primarily energy, via higher oil and gas prices. With respect to global monetary policy, investors appear to tilt to the view that, although high and potentially entrenched inflation is a factor of concern, downside risks to growth and...
https://allaboutshipping.co.uk/2022/03/03/global-regional-monthly-thursday-03-march-2022/
IMCA appoints director of client engagement Asia Pacific
The International Marine Contractors Association (IMCA) has appointed Jason Veerasingam as Director of Client Engagement – Asia Pacific.
Jason Veerasingam is experienced in working with engineering consultants, leading EPC contractors and offshore service providers. In the last 25 years, his focus in the South East Asia market has enabled him...
https://allaboutshipping.co.uk/2022/03/03/imca-appoints-director-of-client-engagement-asia-pacific/
Anxiety rippling through financial markets as oil spikes over $110 a barrel over supply concerns
2 March 2022 – Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown
”Anxiety is again rippling through global financial markets with the fear of stagflation taking hold, as the Ukraine conflict ratchets up inflationary pressures and threatens to derail global growth. The price of oil spiked at $110 a barrel early on Wednesday the highest level it’s been in...