American Club: Iran sanctions update – Iranian crude oil shipment waivers

Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club

In Club Circular 41/18 of November 6, 2018 Members were informed of the reimposition of US secondary sanctions against Iran in the aftermath of the US Administration’s decision to withdraw from the Joint Comprehensive Plan of Action (JCPOA) signed by China, France, Germany, Russia, the United Kingdom, the United States, the European Union (EU) and Iran.

The US has made it clear that it expects all...

http://www.allaboutshipping.co.uk/2018/11/28/american-club-iran-sanctions-update-iranian-crude-oil-shipment-waivers/

We can only deduce that the BCI and by default the BDI is totally disingenuous….

John Faraclas

The BDI (Baltic Dry Index) skyrocketed at 1,217 – a 124 points plus due to the Capes’ take-off. Geopolitics as we have warned you in writing – as always are at the worse ever point with dangerous development expected to take place soon. It was a very difficult but equally interesting weekend. John Faraclas daily

market and Geopolitics briefing:

The Capes’ BCI gained not just a triple-digit, but what a rise that was; still unbelievable: 431 points and now stands at 1,789 hence the...

http://www.allaboutshipping.co.uk/2018/11/27/we-can-only-deduce-that-the-bci-and-by-default-the-bdi-is-totally-disingenuous/

Daily Overview of Global Markets & the SEE Region (Tuesday, November 27, 2018)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS: US-China trade conflict remains one of the major market themes with investors eagerly awaiting the planned meeting between US President Donald Trump and his Chinese counterpart Xi Jinping on the sidelines of the G20 summit in Argentina on 31 November – 1 December. Against this background, investors retain a cautious stance towards risk assets while core government bonds remain well supported. Meanwhile, market sentiment towards...

http://www.allaboutshipping.co.uk/2018/11/27/daily-overview-of-global-markets-the-see-region-tuesday-november-27-2018/

ECB must address QE misallocation risk, Adapting to changing US-China relations

Commentary: ECB must address QE misallocation risk

By Frank Westermann in Osnabrück

By the end of this year, the European Central Bank is expected to end its monthly net asset purchases. This raises several questions about the ECB’s reinvestment strategy and the implications for individual countries. The central bank’s quantitative easing programme was not as successful as believed. The real issue for the ECB governing council to address when discussing fiscal implications of reinvestment is...

http://www.allaboutshipping.co.uk/2018/11/26/ecb-must-address-qe-misallocation-risk-adapting-to-changing-us-china-relations/

Future Trends Influencing Intra-Commonwealth Trade

Future Trends Influencing Intra-Commonwealth Trade   takes place at 2:00-5:00 pm, on the 30th of  November 2018 at the Delegates Lounge, Marlborough House, Commonwealth Secretariat, in London

Not only a great but an interesting Agenda

Agenda

2:00 – 2:30pm

REGISTRATION

2:30 – 3:30pm  

OPENING SESSION: This session will reflect on the Commonwealth Trade Reviews 2015, and 2018, moving to 2020

·        Welcome Remarks by Chair, Head of International Trade Policy and Hub & Spokes Section...

http://www.allaboutshipping.co.uk/2018/11/25/future-trends-influencing-intra-commonwealth-trade/

… one size doesn’t fit all as crazy Capes are up “again”…

John Faraclas

… one size doesn’t fit all as crazy Capes are up “again”…

In continuation of yesterday’s title – Capes “fight” back to keep the pace, but…” we feel obliged to remind you that one size not only doesn’t fits all but more importantly same doesn’t constitute a market. Geopolitics are now turning the screws of all skeletons kept in the world leaders cupboards – one by one… John Faraclas’ daily and weekly recap:

The BDI (Baltic Dry Index) – with the crazy rise of the Capes, gained 75...

http://www.allaboutshipping.co.uk/2018/11/23/one-size-doesnt-fit-all-as-crazy-capes-are-up-again/

Lord Chris Holmes & AIG’s Duperreault join Bermuda industry events in London

Fireside chat guests with Bermuda’s Premier at next week’s industry events in London: Lord (Chris) Holmes of Richmond MBE and American International Group President & CEO Brian Duperreault

Hamilton, Bermuda, November 23, 2018 – The UK’s Chris Holmes, Lord of Richmond MBE, and Bermudian Chief Executive of American International Group, Brian Duperreault, will join Premier David Burt in fireside chats during next week’s multi-industry events in London organised by the Bermuda Business Development...

http://www.allaboutshipping.co.uk/2018/11/23/lord-chris-holmes-aigs-duperreault-join-bermuda-industry-events-in-london/

Capes “fight” back to keep the pace, but…

John Faraclas

The BDI (Baltic Dry Index) gained ten points and now stands at 1,018 thanks to the mild rise of the Capes; Geopolitics still messy. John Faraclas’ brief recap:

The Capes’ BCI was up 33 points and now stands at 1,089 points, a bit of a less than yesterday’s gains…

The Panamaxes’ BPI lost 15 points and now reads 1,378…

The Supras and Handies fall was minimal; the BSI was down three to 956 points and the BHSI minus four to 638 points…

All in all a grounded dry market with uncertainty and...

http://www.allaboutshipping.co.uk/2018/11/22/capes-fight-back-to-keep-the-pace-but/

The BDI@1,031: between Scylla and Charybdis…

John Faraclas

The BDI (Baltic Dry Index) clinched another 11 points (like yesterday…) but remains down once again on a weekly basis. Geopolitics: between the devil and the deep blue sea… John Faraclas’ daily and weekly recap:

The weekly loss of the BDI was 116 points – down from 1,147 recorded last Friday the 9th of November. Only the Capes “bounced” back on Thursday and today, all others indices were down…

The …“enigmatic” Capes’ BCI stood at 1,057 – plus 50 points but the BCI was down on a...

http://www.allaboutshipping.co.uk/2018/11/16/the-bdi1031-between-scylla-and-charybdis/

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/