John Faraclas
The BDI (Baltic Dry Index) was up just nine points, thanks to the Capers as all other dry sizes are on a low modus; Geopolitics are getting sour and CAUTION should be observed. The architects and planners of the New World order have strange designs; brace for the inevitable ! John Faraclas’ daily report:
The BDI ended up at 1,205 points since last Friday, the first single digit for a while…
The Capers gained nearly one third of its last triple-digit points and the BCI 2014 ended the day at 2,466 – 53 points up…
The Panamaxes fall continued with the BDI at 1,103 – minus five points…
The Supras’ BSI on a plus five points at 884… and,
The Handies’ BHSI at 510 – plus two…
The Dry Rich Pickings are a still far away, exactly 1,000 point down (from the Dec 2013 closing at 2,200 plus something… When this figure is reached, then we will celebrate. The question though stands, how many will be able to celebrate given the much awaited recession… we shall see.
The Wets again produced mixed results; the last published BDTI (Dirties) and BCTI (Cleans) stood at 824 – minus eight and 720 – plus 19 points respectively.
The LNG’s, which we support fully as an investment and for its futurability, sees its tonnage being a bit off the market iddle since mid February; CAUTION
On the S&P front now: these last two weeks saw vessels prices, particularly those on the dry side lift up; CAUTION, CAUTION, CAUTION! “Pushing” the second prices up could be better off seeing the newbuilding option; in either case more ships in the water means more deepening of the freight rates…The Tankers dropped a bit. Gas carriers too, although minimal… Boxships remained more or less at the same levels… stagant at best… The dry demo levels stand between US$ 340- 350 per ldt for the Subcontinent’s three nations, US$ 270 for PRC and US$ for Turkey… As for the Wets add a tenner respectively…
Despite all the above and geopolitics we reiterate the view that this is the best ever, still, market to invest; invest though your own money as things are sour for lenders…
The WTI at stood at US$ 48.25 just before midnight; good levels for the poor! So long as it renmaind under the US$ 50 mark all is fine…
On the Geopolitical front the mess continues:
The MIGRANTS issue is rising to dangerous levels and given Turkey’s behaviour expect an incalculable influx; add the North African one which will soon begin given the “favourable” weather and see what you get. The US president is also facing issues at the other side of the Atlantic…
The Wars in Syria and Iraq with ISIS et al continue…
Turkey’s president behaviour will be “short lived” as Germany’s and The Netherlands prime ministers’ respond will be tough, even if Turkey escalates the provocations. Time is running out for president Erdogan. His country might become a liability not only for its citizens but from the world at large. CAUTION!!!
Greece next door is also in dire straits – internally and externally. Expect surprises there. The internal issue will be very critical and in combination from a biased European Union policy and IMF’s wrong assessments can cause tsunamis…
BREXIT looks likely to be triggered on the 29th of March and then lets see how the 27 react and how they tackle the issue. Let’s Mr. Tusk’s reaction. Imperatively one has to see what happens until the end of March 2019… Will the “deal” be finalised by then? The United Kingdom stands for continuing a special relation with Europe and whatever the outcome same will be beneficial…
In France the TV debate between the presidential candidates was heated with the burkini and all that which doesn’t solve the problems of this country, particularly the economic ones. Seems Marine Le Pen will win the majority of the votes in the first round…
At the other side of the Atlantic it now a fact that the FBI says it is investigating alleged Russian interference into the 2016 presidential election… No tapping by former president Obama of president Trump’s telephones…
In the Far East all eyes are on former South Korean president Park Geun-hye; let’s see the level of corruption with Ms Choi… A very critical period for South Korea… Too many issues there…
China and the EU suspend imports of Brazilian meat…
Another thorny issue now is that of THAAD with South Korea complaining to the WTO over China…
President Donald Trump looks forward visiting China and to enhancing understanding between the two states following US Secretary of State Rex Tillerson’s meeting with president Xi Jinping!
In Australia MP’s private phones were mistakenly published on line… Can you blame the contractor…?
Have a nice evening and be on guard for every eventuality particularly from pirates and terrorists.
