John Faraclas
All main indices, both in dry and wets cargoes fall further spoiling the Chinese New celebrations; geopolitical melt down approaches. John Faraclas daily briefing:
The BDI (Baltic Dry Index) lost 11 points since last Friday and now reads 816…
The Capers BCI 2014 lost 34 points – now reading 1,205…
The Panamaxes BPI, The Supras’ BSI and the Handies’ BHSI lost four points each and now stand at 964, 688, and 415 respectively… CAUTION
The Wets too in red; the last published BDTI (Dirties) and BCTI (Cleans) stood at 946 – down 19, and 614 – down one respectively.
The WTI stood at US$ 52,57… The US$50 should be the maximum under Planet Ocean financial circumstances and poverty at alarming levels…Greediness might backfire…
Many companies listed or unlisted are in dire straits with some filling for bankruptcy… things are getting sour; ultra-caution should be observed…
At the Geopolitical front, the MIGRANTS issue …”strengthens” further.
There are many misunderstandings and wrong messages in the USA and let us await and see the outcome. Too many things are happening there of paramount importance. The most exciting 100-first days for president Trump. Let us see how strong his grip is!
Theresa May’s trip to the USA was a success. Wonder though the end result of her trip in Turkey were there was a success vis-à-vis business, but many other issues seem unresolved: Migrants, Cyprus and Turkey’s periphery – we shall see. On the BREXIT front, our view is that it will be a success in all fronts!
The War in Syria and Iraq with ISIS and others still on…
Turkey as we have said numerous times, is the country to watch on all fronts. President Erdogan must avoid this despicable behaviour in the region against all and in particular against Greece. The weekend was a barraz of provocations… the time is running out and there might be more mess. It is wise and practical that any backers and friends of Turkey must convince president Erdogan to respect his neighbours, as otherwise he and his likes will end behind bars…
Greece must get its act together in all fronts; full stop and period.-
China and its world affairs will be tackled after the current New Year celebrations. Let’s hope the Year of the Rooster reasserts things.
In Eastren Ukraine fighting erupts again…
A very lively panel
The London Shipping Law Centre’s event earlier on tonight at Norton Rose Fulbright on Risks in and Rewards in Arbitrating, was more than a success; will revert with a full write-up. The event was chaired by the Hon. Sir Bernard Eder and speakers included Sherina Petit from Norton Rose Fulbright, Dr Roman Khodykin from Berwin Leighton Paisner, Christopher Style QC from One Essex Court, and Colin Wright from St Philips Stone. The session explored the comparative risks and rewards of arbitrating in different jurisdictions : Russia, Singapore, India, Dubai, London and Hong Kong. The discussion and the debate that followed focused on recent legal and statutory developments, recent developments in arbitral rules of local institutions, and recent Court and arbitral decisions.
Cybercrime continues in all fronts and wonder what punishment should be best for all those corrupted when they are arrested; let us saw zero tolerance and punish all involved by naming and shaming them.
Finally we hear that a firebrand cleric has been detained in Pakistan as he might have been linked with the terror attack in Mumbai back in 2008 when 166 people lost their lives…
Have a nice evening and be on guard for every eventuality.
