John Faraclas
Another 12 points down, another all times low record… making the BDI’s history more than interesting! The John Faraclas daily market commentary:
The Capes minus 19 points at 216 approaching the 200 barrier yet again. The Panamaxes’ BDI down 10 at 293 points; the Supras’ BSI down 11 at 316 ponts and the BHSI going deeper to 222 points, a modest three points down.
Wets too had another drop despite the price of oil going above the US$ 33… The last published BDTI and BCTI recorded a minus eight and ten points respectively standing at 812 and 664 points… Tough!
Many questions on all sectors and hope we get an answer; overall predictions vary as very few understand the coming reality:
- How will the Box trade will repsond?
- LNG’s migh be a good investment…
- Reefer Box ships too…
- ULCC’s another good investment and obviously the Chemical tankers…
- On the Demolition side lots of things might happen.
- Shipfinance: Money money and ships will go round…
- Listed companies are having a hard time too…
- Liner entities can now feel the sitaution…
- Short sea shipping is yet another intresting sector to invest as well inland waterways tonnage…
- Arctic shipping a great opportunity…
So let’s wait until tomorrow’s closing and… what’s next; be on guard! Zero hour approaches…
Once again, a great market for those capable and fully geared to grasp the chance of their life!
P.S.: Wonder how you are all getting on with geopolitics…
