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Markets loosing steam; geopolitics in tatters

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John Faraclas

John Faraclas

Our twenty¬sixth weekly recapitulation of the shipping markets, their respective main indices and world geopolitics affecting same in 2015 and beyond, today Friday the 26th of June 2015, with John Faraclas of AllAboutShipping in London.

  • The BDI, the Baltic Dry Index, was down six points since yesterday Thursday the 25th of June standing at 823 points which is up 44 points since last week’s 779 points; despite another good sign going above the 800 points – last week we went above the 700 points but as envisaged, the market lost steam…
  • The BCI 2014 was down 39 points since yesterday at 1, 393, which is on the other hand 152 points up since last week’s 1, 241 points following another plus rally, which was, as expected, short live proving once again our prediction and the ultra volatile nature of this size…
  • The BPI was up six points at 833 points which is minus 18 points since last week’s 851 points. Our preferred size, despite the general fall, maintains short stability !
  • The BSI remained at yesterday’s levels of 723 points which is two points plus since last week’s 721 points, and finally
  • the BHSI was up just one point at 361 which is four points up at 358 sine last week. Overall still a downwards dry market!
  • The wets now: The Dirties and its BDTI index was down 12 points at 1054 points but up 43 points from the 1, 011 of last week.
  • The Cleans and the respective BCTI was up just six points at 770 points which on the other hand is down 19 points since last week’s 789 points.

The price of oil dropped a bit and it seems something big is coming up with the energy jargon…

Once again, the price of oil remained below the US$ 60 mark, and that’s a positive sign for the long terms stability of many nations!

The Geopolitics front remains more or less as dangerous as ever and expect further hiccups!

  • Ukraine – still top of the agenda… Things are getting worse and fighting will spill over!
  • Greece: expect more troubles with a government that doesn’t know how to negotiate, cannot unite at least the 80 percent of the public to back its programmes, and its now evident that they have a hidden agenda. Equally the European partners of Greece, the ECB, the Eurozone, and the infamous IMF and others are also wrongly attacking the Greek public. Having said that to avoid all this mess one thing can clear out the entire mess: A joint public TV appearance of Mr. Tsipras, Mrs. Angela Merkel, Mr.Wolfgang Schäuble and Mr. Jeroen Dijsselbloem, Mrs. Christine Lagarde and Mr. Varoufakis will clear the mess and the people know, otherwise, except the mess to govern with incalculable repercussions for the Greek people. If the above mention live TV meeting so the public will know, doesn’t take place, we need to know who doesn’t wish to appear, so we all make up our mind. Otherwise, expect more mess and the Greek public will remain in limbo and in particular Greece and its people is heading to lose everything from its PM who is unexperienced to negotiate and will rock the boat. Having said that, the opposition of ND and Pasok (the two parties who govern Greece since 1974) is to blame too. Fairs fair!
  • The Migrants issue gets from the worse to worse… Shame!
  • The Islamic State continues its policy and we on the other hand ask: When the international community intents to halt them?
  • In the Far East The Chinese shares dropped 7 percent with investors beginning to show concerns on another wave of new listings which will absorb liquidity in the market. Nikkei fall too, but just 0, 3 centum. In Sri Lankan President Maithripala Sirisena dissolved parliament, paving the way for an early general election; watch this development!
  • In Africa South Africans it might leave the International Criminal Court (ICC) after a row over the court’s attempt to have Sudan’s president Omar al-Bashir arrested there.

The summer is now entering its best phase for holiday makers and in Greece, the country of all seasons, one place to explore, is Evia the second largest Greek island with many interesting places to visit and enjoy. Other places of great interest is Bermuda, Haiti and Panama!

Have a nice weekend and be on guard vis-a-vis the Greek tragedy….;
Viewers can watch the live video herebelow:

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