Home Markets The Shipping Markets: still low with uncertainty being the name of the game…

The Shipping Markets: still low with uncertainty being the name of the game…

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John N. Faraclas

John N. Faraclas

The latest John Faraclas live interview to Lilian Margaritis at the SBC TV studio last Friday the 23rd of August 2013, was primarily focused on the markets, maritime tourism and Greek coastal services.

With the BDI closing  at 1.165 points, up 7  points from the previous day and 63  points from  the 16th of August “ thanks” to the capers is still according to Faraclas on a very low level compared with May 2008 when the 11, 500-11, 700 level was recorded creating a super market, and he insisted that he 2, 000 point will be the only sign for real recovery! Uncertainty being the name of the game! The wrong shipfinance practices are to be condemned for the state of this market…

On the Greek Coastal Services insisted that the ticket price-level is high and also argued  a lot on the amount to be spend in 2014 on the non-busy lines/routes.

He condemn the latest Santorini island fiasco and the unappropriate tackling of the electricity blackout as well as the  shortage of water, saying that the government’s responsible officials are talking nonsense.

Moreover Faraclas believes that a big change should happen in Greece if the country wants to really prosper.

The above and other issues can be seen in the video herebelow and soon with English subtitles.

Enjoy the Bank Holiday  and comment!

 

 

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