John Faraclas
The BDI (Baltic Dry Index) gained 28 points since yesterday thanks primarily to the Capers and to a lesser extend to the Panamaxes… At 1,215 points the BDI is 1,000 points down since December’s 2013 level; so, as and when we reach this level, all must stay put… The Wets return to the low norm of the last two months and Geopolitics still remain an enigma vis-à-vis the time of total recall – and explosion. John Faraclas daily briefing:
The Capers gained 70 points and now the BCI reads 2,313 points…
The Panamaxes were plus 48 points and the BPI stands at 1,275 points…
The Supras up three with the BSI standing at 863 and the Handies up four with the BHSI reading 491 points.
So, a market trying, but still far apart from the 2,220 points needed to make it a sustainable market for those still trying to survive given the competition war which has erupted two years now… and the complete as we see it change of the pattern of the shipping company structure..
The Wets with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 691 – plus nine and 674 – minus 63 points respectively…
Many expect the market to turn up in levels such as 5,000 points for the BDI and over 1,500 for both wets; well for us this wishful thinking is not just a midsummer’s night dream, but even worse… Shipping as we insist is changing and few can see the harsh reality… Only technology and the climate / environment will dictate the necessity for more new ships; just wait and see. As we are going through a very difficult time, it is time academia has a total revamp and specialist risk assessment subjects are included in a new curriculum!
The WTI “gained” just over a dollar and now reads US$ 48,06 – was higher earlier one, but things are returning to the norm. Hurricane Irma is here too following the US$ 180 plus billion dollars devastation by Hurricane Harvey…
The Market for the very few takes shape and brace for the inevitable…
The Geopolitical issues we have been mentioning over the last two years are still there and as we have warned, expect the unexpected!
Migrants on top…
The Wars in Syria and Iraq against ISIS and the dozens of groups there… The forthcoming announcement of an official Kurdish State
Turkey, the stumbling block for Peace in the entire Middle East region and South Balkans…
Greece with its peculiarities and a regime able to make it a total mess with the opposition parties…
The Balkans ready any moment for another round of wars…
A European Union in complete disarray…
BREXIT shaking the foundations not just of the EU but all over Planet Ocean…
The German elections will greatly influence the shape of Europe and the World at large… Mrs. Merkel and her new coalition MUST be very careful…
The other side of the Atlantic lead by by president Trump trying to re-assert itself..
North Korea and its backers, yes backers, Chinese and Russians pushing towards the American red line … and then…
Japan in a waiting game…
The World’s dire straits…
The entire world’s credit crunch which now begins to bite…
The above are just the main warring and worried issues…
All eyes are now staring at the Square Mile given the forthcoming LISW 2017 event as well in Hydra for the 8th Hydra Shipping Conference…
Have a nice evening and be on guard for any eventuality from Pirates and Terrorists… We MUST be careful and alerted with Terrorists, particularly the Islamist Terrorists.-
