John Faraclas
The BDI (Baltic Dry Index) continued to fall; Geopolitics crucial; John Faraclas daily recap:
The BDI lost another 14 points and now stands at 980 points sending a strong message to all interested stakeholders!
The Capers’ BCI 2014 lost 29 points and now reads 1,632.-
The Panamaxes down 22 with the BPI reading 956 points.
The Supras’ BSI was down four at 778 points, and
The Handies BHSI …one drop down at 507 points.
CAUTION for all, although volatility is as usual expected, even under the 1,000 point threshold of the BDI…
The Wets more or less followed suit; the last published BDTI (Dirties) gained one point; hurray hurray at 742 but the BCTI (Cleans) lost four now reading 536!!!
The Box ships continue to send the wrong message; we hope the market improves, but we need to see the evidence as until now things are not that rosy…
The WTI as these lines are written stands at US$ 48,77…
The Euro and the Dollar on 1,10 parity and it might go better for the Euro, but: Europe in reality enters another recession!!!!!
We support the fact that this is the best ever witnessed buyers’ market, a charterers market too and hope respective stakeholders in the Liner or Tramp trades know how to go ahead. Shipping for the very few becomes a reality!
The Geopolitics are concentrated in the USA were president Trump has his own way in doing and interpreting things, particularly the Russian saga and defends his absolutely right to discuss sensitive material on terrorism and airline safety with the Russian foreign minister and Israel “being involved” makes it interesting; time and actions will tell.
The main news still are based and centered on MIGRANTS and secondly with the wars in Syria and Iraq… A bit of a silence from that front – as usual…, except the 6th round of Peace talks in Geneva as you read these lines… What UN’s Staffan de Mistura can achieve? Caution as the escalation and spread not just of hostilities, but that of total war in the entire region is feasible…
Did I hear you say WannaCry? Time to end this mess; no excuses !
Turkey must behave as neighbours do and stop all these provocations in the region, particularly against Greece. Let’s see what President Trump will tell president Erdogan, as in all earnest, things might go sour for Turkey and any of its wrong thinking backers. History has many examples!
Greece enters again to recession; no excuses please. Time for the EU and the IMF to get their act together; needless to say that the same applies for all 300 MPs in the Greek Parliament… Let’s see the outcome of the current trikes and other workers’ actions…
In France president Macron continues with prime minister Phillipe to shake up the country as the French Socialist party is considered “dead”… Let’s wait and see the new parliament and obviously the new French government…
BREXIT continuous ahead and the markets with the FTSE100 on the first time surpassing the 7,500! Inflation though jumped at 2,7 centum – the highest since 2013 and the pound is a bit weak, but… Mrs. May continues to be well ahead and looks likely an overwhelming majority is in the cards for the Conservatives…
The EU – Singapore deal looks dodgy; decision please here and now…
The North Korean mess with the missile tests must end before is too late for many, particularly for the supporters in Pyongyang; the US is not happy with the “hidden” support towards North Korea and you never ever know the appetite of president Trump…
In Venezuela things are getting messy; caution…
In India former finance minister P Chidambaram and his son’s house were raided in connection with a financial misconduct probe..
That’s all for now, have a nice evening and continue to be on guard for any eventuality with respect Pirates and Terrorists.
