John Faraclas
Some say it is a curse for the Capers and Panamaxes to dive following a week of “euphoria”; our interpretation is that you haven’t seen anything yet. John Faraclas’ daily briefing:
The BDI (Baltic Dry Index) lost 22 points earlier on today and now stands at 1,200 points – 1-1,100 points below the end of December 2013 level/closing, right? That’s it, full stop and period. As and when we see these 2,200 points back on the board, we simply have to employ patience and nothing else as well as a breakthrough to the …cash machine provided we are eligible, given what the World goes through right now with the Geopolitical upheaval…
The Capers fall was mild; the BCI lost 49 points and now reads 2,333…
The Panamaxes losses were more “substantial”, 52 point minus for the BPI..
The Supras and Handies as the case has it when the Capes and Panamaxes loose, rose seven and three points respectively at 840 and 473..
Again we reiterate the view that one or two size’s rise or fall doesn’t constitutes a market or the market- there is a significance between the “A” and the “The” on this instance…
The Wets on a downwards mode; the last published BDTI (Dirties) and BCTI (Cleans) both lost one point and the respective indices read 620 and 510…
The WTI steady in the region of US$ 47, 65; a good sign for the poor masses.
The Container trade will continue to be the most important trade but equally the most perplexed one and it will take some time to get its act together becoming the trade of the ultra-few. Too expensive amid Planet Ocean’s credit crunch which few have the guts to admit!
In the meantime we are not happy from what we read and hear on bankruptcies and many court cases as well many cases leading to fraud situations which I bet same will floor down many and their accomplices sending a great number of shipping business entrepreneurs behind bars… Some people have also lost the ethics in shipping… You know what happens when you overstay your welcome…
The Geopolitics are getting much worse and as we have said the World is on fire.
All issues remain the same with respect their importance; the MIGRANTS, the Wars in Syria and Iraq against ISIS and all these dozens of groups there. The UN is worried of a humanitarian mess in Raqqa, the so called capital of the ISIS and we learn of about 25,000 people being trapped there and have been subjected to 250 air-strikes last week only by the USA’s led coalition! CAUTION!
Turkey is in …the spotlight for becoming the worst performing nation, thanks to its leaders’ behaviour… Expect a spill over out of Turkey on purpose behaviour…
Greece too is still in dire straits…
The region we have …carved from Gibraltar to Afghanistan and from the Caucuses to the Horn of Africa continues to give hell to all…
China is trying hard to make it forward and “secure” a break-through in becoming the superpower but wonder the success of the One Belt one Road project…
Our mere interest is to safeguard … our industry by securing all the World’s dire straits… particularly with the latest events emanating from Islamist Terrorists.-
Have a good evening and we will revert tomorrow with a full weekly recap; too many issues which greatly influence our industry. Be on guard wherever you are from Pirates and Terrorists…
