Home Markets Mixed Market Results and worsening Geopolitics

Mixed Market Results and worsening Geopolitics

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John Faraclas

The BDI (Baltic Dry Index) gained 16 points since last Friday and now stands at 757 points; the Geopolitical issues are dangerously worsening. John Faraclas daily recap:

It sounds lately as if you are reading the types of passenger aircrafts and particularly that of Boeing with the figures  produced these days by the various indices… It was a 707 for the BDI the other day ( 9th of February 2017) and the 60’s also come to my mind; anyway, will the market ever really take off loike the planes do? Airplanes take of against the wind; try to interpret this in shipping chartering levels and terms…  What’s the difference between a 707 and 757… And what about the BDI’s figure correlation?

The volatile Capers managed to gain 52 points and the BCI 2014 now stands at 791 points…

The Panamaxes continue to slow down and the BPI lost eight points, now reading 909 – caution as we approach the 900 threshold… Mind me we always support that the Panamaxes, except of being our favourite vessel type, will also be for the long term the best investment – even in what we insist the Container/Bulker Panamax…

Supras followed the …Trans Atlantic and Transpacific …long haul and the BSI closed up 18 points at …747. Jumbos still have their day…

The Handies too made gains; the BHSI now reads 396 – plus five…

Once again ups and down for the Wets; the last published BDTI (Dirties) and BDTI (Cleans) are now minus six and plus seven points standing at 863 and 612 respectively.

The WTI close to US$ 53,95… Caution…

The Market needs 2,000 points for the BDI and 1,000 points for each of the Wets to make sense. The rest is simply a catastrophe… Shipping for the very very very few is ante portas no matter what you think… We BELIEVE it is!

Ensure you proceed with newbuildings; the best time if you have funds available…

The Geopolitical front is full of news all over; mostly bad news:

The Migrants maintain the lead unfortunately – read all our past reporting and views…

The Syrian and Iraqi saga with ISIS is still on and let’s hope Mosul fall’s is imminent… Iraqi forces advance now on the west Mosul outskirts…

Turkey still the same… The country is on alert. Too much issues there… In the meantime Turkey MUST stop abusing Peace in the region; it will backfire…

Greece fights for its survival in all fronts and need a leader; end of the story. Enough from the Muppet Puppet Show of Constitution Square… rumours say Greece and the IMF in common position; we shall see… Somebody should say to the current PM and all greek party leaders that “Promises make debts, and debts make promises”…

The delicate ceasefire still holds in Eastern Ukraine. President Putin though has his own agenda…

BREXIT continues its course. Now the matter is in the House of Lords. A very delicate situation, but peers should respect the people’s choice! Demo in London for the forthcoming Trump’s visit…

President’s Day in the USA. A great day on all screens; picture credits Anny Zade in Philadelphia

President’s Day in the USA with parades and demos against the president; see our reporting soon from our team there. President Trump nominates Lt. Gen HR McMaster as the new National security adviser. In New York, Russia’s Ambassador to the UN, world acclaimed diplomat Vitaly Churkin passes away at 65… In Europe, American VP Mike Pence warns NATO members to boost spending…

Smilling faces; Prime Management Services’ Irene K. Notias at the drinks reception before the IBIA’s dinner with her old friend Simon Gee

The IBIA annual dinner is still on; enjoy! a great event and we suggest never to miss it. Possibly one of the best of its kind, not just for networking, but for learning quite a lot on the credit ratings of many and many news on the Nox, etc etc. Emissions and its reducement are the name of the game…

That’s all for tonight and remind you to be on guard for every eventuality as terrorists loom in the background  e v e r y   w h e r e!

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