John Faraclas
As mention last Friday the eventuality of further frustrating losses particularly in the Dry market now creates the mess! Geopolitically the mess is here to stay. John Faraclas’ brief daily recap:
With the BDI losing 12 points the Dry Market enters a very difficult and unpredictable period and despite wishful thinking I am afraid many will now hear the music. Shipping for the very very very few is a reality! In e harsh reality…
In case we see tomorrow a fall beyond the 900 point threshold then take cover..
The Capers’ BCI 2014 losses widen to minus 27 points and now the 1,564 points is
The Panamaxes’ BPI lost only three points and at 842 things are sour…
The Supras’ BSI down nine, now reading at 712 points is another terrible fact.
The Handies’ BHSI lost eight points and now reads 461 points…
What a Dry Market this is… CAUTION!
The Wets with …mixed feelings; the last published BDTI (Dirties) and the BCTI (Cleans) stood at 807 – that’s minus seven, and 549 – that’s nine points plus respectively.
The price of WTI stood at US$ 49,79 – not bad from what is wet to come…
The Geopolitics, following president Trump’s visit in the wider Middle East and Central/North Europe, are in the process a tectonic plates-like shifting with devastating effects. President Trump faced with Herculean tasks has a lot to deal with…
MIGRANTS remain the top issue, as does the Wars in Syria and Iraq, president Putin’s visit in France, the BREXIT and the forthcoming elections here, the Greek melodrama – what an excellent directed tragedy… bearing the signatures of many pathetic directors, continues, the Turkish blackmail too and the World is on fire. Wonder if the UN is in control…
The panel and audience
On another tone now, Energy does matter and Greece is the focal point to all and for all intents and purposes. At Electra Palace Hotel, in the heart of Athens, a Davos World Economic Forum-style public discussion/ debate took place organised by GEF (the Greek Energy Forum) – this excellent exclusive network for Greek Energy Professionals with respect the consequences deriving from the fluctuation of oil and energy prices to the Greek economy.
An array of the wider issues of the sectors of Greece’s economy where successfully presented by an interesting panel of speakers, some of them being good old friends and schoolmates from the primary school, as well as others knowing them from other relevant events and conferences; Demetri Gontikas, vice president and ceo of Kavala Oil – Energean Oil& Gas. He talked on extracting hydrocarbons.
The panel whilst Gkikas Hardouvellis delivers his points
Petros Doukas, former deputy minister of foreign affairs and economics discussed the issue of competition…
George Koumoutsakos MP on foreign affairs of Connservative party Nea Demokratia talked on the international relations…
Prof. Yiannis Maniatis, a socialist former minister and university professor talked about the politics of energy and energy investments…
Dini Benroubi, the ceo of Protergia talked on electricity production and energy costs… and
Prof. Dino Hardouvelis, former minister of national economy delivered a paper on national Budgets and the National Economy…
There was an interesting debate and hope we see more of this style of events taking place; excellent.
We thank Lilian Evgenides for her unsolicited support including pictures from the panel and audience…
Have a nice evening and be on guard for every eventuality from Pirates and Terrorists wherever you are on Planet Ocean.
