John Faraclas
Reality bites and the markets cannot escape yet from uncertainty and geopolitical coming tsunamis; John Faraclas daily market briefing:
Another point down brought the BDI to 608 points, despite its best sizes – being volatile too, gaining …ground…
- The BCI 2014 – our volatile Capers gained four points (1, 018) and the BPI gaining just one (543) was the only plus in the menu today…
- The Supras lost two points (BSI@552) and the Handies lost five (BHSI@317) compete the bleak dry market picture!
- The Wets also on a downwards mood: the latest published BDTI and BCTI stood at 713 (minus 17) and 471 (minus two) respectively.
- The WTI gives the … sea-battle of the century to maintain a figure above the US$50 but…
The Geopolitics with BREXIT, GREXIT, ISIS and other acronyms.. AND the Migrants issue, create a more than explosive situ and it remains to be seen how the Masters of the Shipping Industry will navigate through this market’s dire straits…
Be on guard but also, if have have funds available, do go and order low-priced tonnage and give a good lesson to the yards; do it direct though as many intermediaries have called a fast one on you price-wise and time-wise and coupled with the wrong analysts and gurus advice, you and others purchased tonnage more than expensive…
Have a nice evening and take the Migrants away from the Port of Piraeus and stop depriving our dignity! Place them in humane conditions; one day will be more than pleased to see Nemesis striking on all relevant authorities who give the Migrants and the people of Greece AND the tourists such a nasty time!!
