The Baltic Exchange
Reserved optimism and reality is a fact and hope with good planning, another deterrent particularly on extreme difficult issues, such as the state of the shipping markets from which the world economy on Planet Ocean depends.
The BDI close down three points at 355; the Capes, the most volatile size has its own index – the BCI, gain 20 going above the 200 threshold mark; 206! The Panamaxes’ BPI lost fourteen points crushing at 346! The Supras and the respective BSI also down six points at 366… Lastly, the BHSI was down one point at 237…
The Wets also on a slight down fall, The last published BDTI and BCTI stood at 876 and 691 respectively; minus six nd two points…
The world stock markets were slightly different but it is early days of what’s next. Caution as the bounce back following THE billions wiped out yesterday, can bring otehr disasters…
A recovery of WTI and Brent is also in the cards, but…
In the meantime the Union of Greek Shipowners gave an appropriate reply to the European Commission’s recently published Decision (C(2015)9019 final / 18-12-2015). Excellent At last! It is others who have skeletons in their cupoard! Shall we name and shame this despicable policy against Greece, its people and its Shipowners, its Seafarers the real Masters of the Seven oceans?
1 comment
John. Lets wait and see the stock markets are reacting correctly based on what we have seen so far. The stock market is having a relationship to the value of the shipping stocks as well as anything else in our life but see how these investors are treating the shipping stocks? They are all undervalued and as we should observe they are a take over target but there are fear of the unknown so it has not happened yet. But let’s be optimistic as there is nothing else we can do…