Is it an early summer and the market is losing steam? John Faraclas reports:
With only two points plus the BDI closed earlier on today at 690, proving two things, which we have numerous times stressed in the past: Unsustainability and Uncertainty!
The Capers were only two points up at 1, 087; the Panamaxes and the respective BPI down nine at 727; the Supras’ BSI up four at 563 and the Handies’ BHSI just two points plus at 356 makes another bleak picture.
The Wets on an “upwards” course with the BDTI and BCTI at 775 (plus five) and 556 (plus six) respectively – an interesting wet situ!
The Reefer Trade becomes a liability; all change… err, all frozen!
The Box trade, dry or cool… will soon make waves…
Too many legal battles are surfacing! Expect a messy summer and an upheaval by November!
Some elements from the media must learn to respect the various situations enfolding and drop all envy employed lately, needless to say ironic remarks.
We are also going to witness unique legal battles between shipowners and lenders; watch this space!
The price of WTI “plays” close to US$ 42…
Despite all the above, we reiterate the view that this is the best market to enter shipping, or maximize your participations if you have the cash reserves and projected knowledge of what is yet to come. Projected shipping strategy is the name of the game
The Geopolitical front might produce a disaster for Greece given the adamant position of the EU as well as that of the current Greek regime; expect a messy situ with incalculable repercussions for all. You see, War is good even for the warring ones, but at the end of the day, who will regret it…? GREXIT or… European Union hypocrisy damaging the Union at its best. Babies learn to walk by falling down; if you hit a baby each time it falls, will never learn how to walk. Try to interpret this with the attitude the EU is behaving towards the Greek people – …with all due respect…forget the Greek government, we all know what they are doing ever since the lefty loony come to “power”…
The Migrants still continue to be the major issue – Mrs. Merkel’s visit to Turkey and the camp at Nizip, off the border with Syria, failed to convince us of the true situation. Will she accept to be taken incognito around to see the reality? Equally the Christiandom’s unity call from the Greek island of Lesvos last week, should have included the presence of Mehmet Görmez, the head of the Religious Affairs Directorate in Turkey and others from Islam so to speak, as well as the Chief Rabbi in Jerusalem Shlomo Moshe Amar, and all together to address THE Unity message! Don’t ask my view on Mr. Tusk’s view on the situation…Time will tell when the end result strike’s us all; wake up!
The US Presidential Election now begins to make sense; wait to see the big surprise!
BREXIT is still an issue and the Referendum will be won by the one who capitulates on the real issues of the British people! Whatever the result, Europe must get its act together and streamline real economic governance. Did I hear you say European Constitution?
China is watching all that happens on Planet Ocean, particularly the European melee!
The entire African continent is boiling up…
That’s all for the moment. Be on guard!
Have a nice evening!