Reports

US sets new record in crude oil production, report says

The American Petroleum Institute (API) released its industry outlook for the third quarter of 2018. The report shows the US achieved another new record for crude oil production of 10.8 million barrels per day (MBD) over the past two months. However, US petroleum exports decreased by 1.3 million barrels per day since June.

Overall, US’s petroleum trade balance went from net imports of 2.9 MBD in June to 4.54 MBD in August, which is a 56%  increase in two months.

Nevertheless, API Chief Economist...

https://safety4sea.com/us-sets-new-record-in-crude-oil-production-report-says/

US reveals strategy to improve cyber security

US’s President Donald Trump signed America’s National Cyber Strategy. This strategy states that it will use all available means to keep America safe from cyber threats, while it mentions that cyber security in the maritime sector is of particular concern.

Mr. Trump said that the costs of malicious cyber activity cannot be ignored.

Guided by this National Cyber Strategy, the Federal Government will be better equipped to protect the American people, the American homeland, and the American way of...

https://safety4sea.com/us-reveals-strategy-to-improve-cyber-security/

Dry and Wet Markets “swing” back to black, but…

John Faraclas

The BDI gained 17 points earlier on today and now reads 1,413; on a weekly basis same was up 47 points (from 1,366) thanks mainly  to the Supras and Handies which “kept” the pace up… Geopolitics are marred with all the issues we have extensively covered all these last six  years. John Faraclas’ daily and weekly recap:

The Capes’ BCI was up just two points  at 1,840 and on a weekly basis same was down 60 points (from 1,900)… A bit of an odd size, and thanks to Posidon as there aren’t...

http://www.allaboutshipping.co.uk/2018/09/21/dry-and-wet-markets-swing-back-to-black-but/

Remembering Reggie Dale, Banks prepared for ‘guillotine Brexit’, Islamic finance podcast

Reginald ‘Reggie’ Dale, 1940-2018

Obituary: Reginald ‘Reggie’ Dale, 1940-2018

Reginald ‘Reggie’ Dale, OMFIF advisers network member, who died on 18 September, was a much-admired commentator on European politics and economics with a matchless catalogue of contacts in Brussels. He spent many years with the Financial Times, reporting on Britain’s negotiations to join the European Economic Community, and latterly served as the newspaper’s US editor before joining the International Herald Tribune and...

http://www.allaboutshipping.co.uk/2018/09/21/remembering-reggie-dale-banks-prepared-for-guillotine-brexit-islamic-finance-podcast/

Capes fall further with …“rich” pickings for BDI; CAUTION!

John Faraclas

The BDI gained 23 points and now stands at 1,396 trying to go over and above the 1,400 point threshold. Geopolitics full of sins govern the day yet again. John Faraclas’ daily recap:

The Capes lost another 27 points and the BCI now stands 1,838 points; ultra-caution should be observed as volatility is here to stay…

“Recuperating” Panamaxes show its BPI clinching 27 points – now at 1,527… Take a deep breath!

Gains for both the Supras and Handies; the BSI with 1,169 – up ten and the...

http://www.allaboutshipping.co.uk/2018/09/20/capes-fall-further-with-rich-pickings-for-bdi-caution/

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