John Faraclas
The BDI (Baltic Dry Index) lost another 11 points since yesterday and the Geopolitics bubble might burst with incalculable repercussions for all, repeat for ALL stakeholders. John Faraclas midweek recap:
The BDI was down 11 points earlier on today approaching the 800 points threshold – a dangerous one. At 802 sends a strong message to all stakeholders!
The Capers BCI 2014 lost 73 points and now read 1,275 – imagine if the 1,000 point mark is broken…
The Panamaxes BPI “worked” again the none to five …err 925 – a no change means a lot given that the latest rising was giving some extra hope…
The Supras’ honoured their modest and continuous rise gaining four points with the BSI standing at 714! The only size with a plus!
The Handies’ BHSI remained in the same level as yesterday at 430.
So, all in all a falling market; take cover – you dead well know what I mean.
The Wets too were in a falling modus – the last published BDTI (Dirties) lost 13 points (667) and the BCTI (Cleans) remained the same at 434… Difficult times ahead…
The WTI dropped from the US$ 50 levels and it is now reads US$ 49.41 – Good for the consumers! The World economy will go better if we maintain this US$ 50 barrier…
The Geopolitical front remains the same with:
The Migrants burning centres – such those in Calais and in the Greek Island of Chios, and continue to deteriorate. A must to solve the Migrants problem not just in the Europe-Middle East region, but all over Planet Ocean.
The Syrian saga as we have in writing foreseen goes from worse to worse, particularly with Turkeys intrusions…
Russia and Assad will launch an attack if things are manipulated by others…
BREXIT continues to send multitude of messages…
GREXIT continues to be a possibility in Greece’s wonderland.
Europe goes messy…
The USA election enters the most difficult part. Will Hillary Clinton make it?
Coming up tomorrow at Cass Business School, Prof. Helen A. Thanopoulou‘s speech on “Dealing with certain uncertainty in Shipping”; a timely issue!
A view from the debate dinner at the Livery Hall
Finally the 14th Cadwallader debate and dinner (see picture on the left), organised by the London Shipping Law Centre, took place earlier on tonight at a full house in the magnificent Drapers’ Hall at the heart of the Square Mile. “Master under attack? Authority and Responsibility in an Age of Instant Access” was beyond the usual but unique themes debated at previous events. Many congratulations to all involved. An event to be remembered which I am sure will trigger more of the same kind to take place world-wide.
Have a nice evening.
