Every cloud has a silver lining; this is the market and coupled with Geopolitical chaos creates opportunities to those ready, willing and able to capitulate on these opportunities and chances …availalble once in a life time! John Faraclas daily briefing:
With minus two points, thanks to the Capers’ BCI 2014 which lost 24 points and the countering of all other dry indices being on a plus modus, the BDI is here to stay in these low levels, and as stated yesterday, “unless we see the 1, 500”, nothing will happen!
The Panamaxes BPI gained two points – now reading at 548, the BSI and BHSI were also on a plus modus at 563 (plus four) and 315 (plus three) points respectively. Nothing though spectacular and at this point, once again we propose Caution!
The Wets on a downwards mood. The last published BDTI and BCTI ended down seven and five points respectively at 711 and 438.
The price of WTI down a bit at US$ 48, 1 – as we compile this recap and again: Caution here too!
The BREXIT – BREMAIN battle continues. There will be collateral damage either way and for either side. People should reason though. Indeed a United Europe is the best block, but given what Germany has done, sorry but we need a total revamp! Our previous reporting and its relevant points remain in full force…
Wonder how BREXIT can make it possible for Donald Trump to win the race to the White House. What Hillary Clinton can counter for this possible development; just wonder!
We reiterate the view that this is the best market to acquire new tonnage. A good chance to save some shipyards too…
Have a nice evening!