John Faraclas
The BDI with 15 points plus lifts, to a …certain extent, the shipping markets. A new beginning of the United Kingdom with Theresa May making her mark! John Faraclas’ daily Markets and geopolitics recap:
Even the BCI 2014, the volatile Capers, was up today 23 points, going over and above the 1, 000 threshold – now standing at 1, 010 (Tin Tin would have loved it…)
The Panamaxes too gained ten points reaching 819. The BSI, the Supras which yesterday surpsrise the markets gained another 13 points today – July 13th , you see what I mean…
The Handies BHSI managed just two points, good plus though – now at 360…
So all in all a better dry market !
On the antipode, the Wets were left …high and dry! The last published BDTI (Dirties) and BCTI (Cleans) were down 15 and four points respectively standing at 639 and 432 points. Tough!
The price of WTI as these lines are written is below the US$ 45 – US$ 44.84… I am very cautious on the day after this drop!
A great market and we insist to go for a buying spree. These sale and purchase prices will never overall be obtainable. After all, no one knows the absolute rock bottom – nor the absolute top! So we advise you, subject you have available funds and you can, to proceed. The newbuilding prices are more than tempting!
On the Geopolitical front all eyes are focused at No. 10 Downing Street in London were Theresa May forms her new government, a government for all Britons. A great speech outside No. 10; a very powerful message too, both for the people of the United Kingdom and the World at large! We have never ever before heard such a message to all intents and purposes! We are sure she will be very successful and wish her best!
An update will follow. Watch this space!
