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Market falls amid geopolitical chaos and terrorism

by admin

John Faraclas

The BDI lost ten points earlier on today and now reads 1,190 points. The Geopolitics continue to get sour and Terrorism hits London. John Faraclas midweek recap:

The Capers lost 63 points and now the BCI 2014 stands at 2,378 points; volatility and uncertainty at its best not to mention loss of steam!

On the antipode, the Panamaxes …on the other hand saw their respective index, the PPI gain 18 points! What a …contradiction…

The Supras on the plus with the BSI clinching two points and now standing at 888…

The Handies gained four points with the BHSI reading 516 points…

A falling Market? An unsustainable Market? A routine fall or what? For sure the Market doesn’t have strength yet to reach the 2,200 plus points needed for enabling owners to pay Capital and Interest…

The Wets on the plus with the last published BDTI (Dirties) and BCTI (Cleans) at 826 – plus two and 767 – plus 19 points respectively…

An effort to scarp ships is a must… Scrap, Demolish, Recycle; whichever way, just do it!

Newbuildings will surge again despite “promises” and sensibility from all owners. Having said that, we reiterate the view that this is still the best ever buyers market for contracting newbuildings of any type…

The WTI stood at US$ 48,16 just before midnight gmt; a level good for the poor masses.

Many companies, dry, wet and containers are getting finance injections in their effort to survive; let us hope they will do, as otherwise it seems that given the current situation Lady Luck has to be by your side…

In the Geopolitical front things are getting sour:

MIGRANTS, the number one issue worldwide…

The continuation of the Wars in Syria and Iraq with the ISIS still resisting but losing ground. In the meantime more issues surface, for example the Kurdish case and the Turkish disappointment on the issue. Putin’s Russia has its own agenda and the USA believes that soon the head of ISIS will be dead!

Turkey’s president begins to look isolated following an on purpose rhetoric against some of the EU leaders. It seems that Turkey will do something spectacular in the region to upset friends and foes and the entire periphery should be on guard to avoid the wrath of loser Erdogan who will do everything to blackmail yet again all in the region and the world at large. Add the bad economic situation all over Turkey and see what you get… CAUTION.

Next door in Greece the situation is unbearable as the entire Muppet Puppet Show of all 300MPs must end due to the continuation in calling yet another fast one against the Greek public; shame! Expect mess there too. Add the crimes of humanity against the Greek people by the EU member states major lenders and the IMF and see for yourself what’s coming up! The current regime follows a complete party policy and we just witnessed a major show of “strength” by yet another surprise in Greece’s best and most important ministry, that of shipping last week with the retirement of many excellent Greek Coast Guard officers…

The Balkans are in total disarray and a just solution must be found as otherwise another major conflagration is in the cards. Encouraging some functions in this turbulent region might cause another World War…

The Black Sea too with the eastern Ukrainian issue and the Crimea saga might produce another mess, although president Putin has a surprise agenda to enfold…

Neither his Calvinistic Culture nor his Dutch directness can save as an excuse the immature remarks of Jeroen Dijsselbloem, the current head of Eurozone finance ministers; resignation is the most brave and honourable thing to do.

The election campaigns and poll suggestions continue in France and Germany – in particular…

BREXIT continues and it remains to be seen who the real loser would be. The entire media coverage from both ends reminds me of the Y2K case at the end of the previous millennium… Nothing really happened from what was feared… Try and think this and then we will be interested to hear your interpretation…

At the other side of the Atlantic the tapping saga continues and we sincerely hope one day to have the truth; the latest is the incidentally monitoring of president Trump’s team after the election. The Migrants issue and bans continue… as also the Russian factor prior and post the election. It will be great to read the upcoming book on this saga… In Love, War and Politics everything is possible and permissible…. have seen the story enfolding some five decades ago in the USA … 43 to 45 to be precise… Hollywood has a challenge… Mind me, imagine if all these allegations are imaginative or incorrect…

What’s up in North Korea? When the tests end, what next…? In the meantime the North Korean public is undernourished… Can anybody deny this, eh? wonder what will be the Japanese PM’s reaction…. After Abenomics we might see Warabenomics…

China will be obliged to watch developments in the region as if it doesn’t and follows a nationalistic approach might trigger a regional war; it is not just hte South China Sea issue…

Elsewhere the situation remains pretty much the same except in the United Kingdom where as you have read in an earlier upload there was a terrorist attack in London, at the Houses of Parliament with five dead  – included the attacker, and nearly 40 injured. An asymmetrical attack in our view with a police officer losing his life; shame!

We have been for a long time warning all, all over Planet Ocean to be on guard from every eventuality from Pirates and Terrorists where ever we are!

Now this is what I call a shot; Niko Marmatsouris one of our AKSS Alumni with George Xyradakis and George Foustanos

On another note and tone the Propeller Club of the USA, International Port of Piraeus rewarded George Foustanos for his lifetime contribution of excellence in documenting the Greek Shipping history and miracle that has always saved Greece’s economy throughout the ages and it all boils down to the Greek seafarer! George diserves this accolade all the way and we are sure he will continue to write… Excellent!

That’s all for now, and BE ON GUARD!

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