Large numbers of factions on a server also cause an huge drop in fps from 200+ to 3 fps.
All I get in the log is
[FACTIONMANAGER] updated news on Client(41) for factionID 11708
[FACTIONMANAGER] put relationship offer RelOffer[a=11771, b=11708, rel=NEUTRAL] on Client(41)
[FACTIONMANAGER] Faction Offers Changed
[PlayerFactionManager] reorganized offers in 0, out 0 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 0 on Client(41)
[CLIENT][SHIELD] Ship[MOB_MOB-Stolen-YCM-Negotiator_1382138836687_0](54187) received power update: 14979 -> 16010
[PlayerFactionManager] reorganized offers in 0, out 1 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 0 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 0 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 0 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 2 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 1 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 0 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 1 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 0 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 0 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 0 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 2 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 0 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 0 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 1 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 1 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 0 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 0 on Client(41)
[PlayerFactionManager] reorganized offers in 0, out 3 on Client(41)
But nothing showing why fps should drop...