John N. Faraclas at Bitan Island Indonesia – Photo by Anny Zade
Here is the Allaboutshipping.co.uk’s fourteenth overview and recapitulation of the Shipping Markets, Events and the World’s various “situations” for 2014 with John Faraclas reporting from the Far East, and in particular from South China Sea, as advised you last week:
The Market is about to enter into the dangerous zone – the under the 1, 000 points barrier, and all things being equal, be braced for strange phenomena; ask the Met Office to explain what are strange weather phenomena and you will definitely understand. It goes without saying, that we also need to see the market coming up, but unless other issues are rectified, nothing spectacular can happen. We invite our viewers to see all our reports and our objections to date about the markets and to compare them with all other views expressed by others!
In another dropping week, the BDI was down 27 points since yesterday 10th of April at 1, 002, that’s 203 down since last week’s 1, 205 points confirming our written prediction and all along our accurate prognosis!
The BDI is down 1, 225 points from last December’s (2013) closing at 2, 227 points, 55 centum down! It’s not that the gap is widening, it’s how this drop is expressed in loss of revenue and other issues too…
The BCI representing the Cape size tonnage, closed down 76 points from yesterday to 1, 789 which is down 517 points from the 2, 306 of last week – great loses and volatile “behaviour” too…
The Panamaxes and their respective index, the BPI, closed down 5 points to 782, which is another 40 points since last week’s 822 – way below the 1, 000 point mark…
The BSI was down 9 points since yesterday at 927 points – also below the 1, 000 points mark. The BHSI was no exception, down also 5 points from yesterday at 556 points from 598 of last week, which is another 42 points since last week.
The wets too were down one point since yesterday at 692 for the BDTI, but up 4 since last week’s 688 and the BCTI was also down since yesterday at 565 points, a minus 7 points and 33 down from last week…
Caution! Caution! Caution is needed from all stakeholders; things are getting sour.
In the other fronts, the Malaysian airplane saga continues to make waves – we shall see….
The above and many other events can be heard soon in our live video, which for technical reasons cannot be viewed right now; hopefully, same will be up tomorrow in the site.
Have a nice weekend.
