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An enigmatic BDI should not fool us..

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John Faraclas

The BDI (Baltic Dry Index) closed earlier on today at 1,458, that is 25 points plus since yesterday thanks mainly to the Panamaxes and hooray hooray to the Supras. The Geopolitical crisis deepens in all fronts. John Faraclas’ recap:

The Capers continued to fall; today they lost another 23 points and now the BCI stands at 2,859 points.

The Panamaxes continue their upwards rally fetching another 52 points with the BPI reading 1,556 points…

Surprise surprise for the Supras’ performance; another double digit points up, 30 points added to the BSI now standing at 1,050 points!

The Handies’ BHSI gained too; a dozen points brings same at 635…

As a reminder, we are 789 points below the 31st of December  2013 mark of 2,247!!! This is the longest  crisis despite the oxymoron of the figures – rise of world population, more needs, more need to improve living conditions and nutrition; don’t count the oversupply of tonnage. Add the fact that technology plays an important aspect/factor and the most eco/simple/modern and ergonomic vessel will be the …primadonna of the sea-lanes irrespective of size and type in the Dry sector, same issues prevail in the Wets below…

We must also add the issues of the Liner Trade most of which is Containerised and most of it belongs to the G7 Groups fleet! …and what about the listed and unlisted companies… Newbuildings are the name of the game!

The Wets maintained their mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 856 – up 38 and 591 – down eightpoints  respectively.

Demolition on both Dry and Wets is slowing down – the more the Markets improve, even temporarily, nobody will  really take his vessel to the scrap yard…

The WTI as these lines are written has fallen to US$ 50.65, down from yesterday’s US$ 51.30.

Remember and don’t be fooled; the World Economy is bankrupt; ignore what the bird-dogs say.

The Geopolitics situation is getting of hand and expect a total derailment of our society. The World we knew had long gone. Be braced for what you are going to face now –  remember, now equals something without duration; so get the message and try to safeguard your business and in particular the shipping business!

The Migrants saga continue on a multiple way all over – particularly in the Aegean Sea, in Central Med AND (capitals to emphasize) in Germany, France with “returns”… The Wars in Syria and Iraq against the ISIS Islamist Terrorists and all the falling domino situ there with the Kurdish issue… The Turks trying to encompass a super power role… Turkey itself and its “aspirations” to change the region’s frontiers – even in the Balkans, continues…. Greece as messy as ever in all fronts with the shipyards issue resurfacing – we are standby to ridicule anybody from the Government, opposition and the EU live on TV any moment they accept this much needed live debate… BREXIT creating havoc for all and talks being in a deadlock… Who pays the bill is one thing, the other is that the United Kingdom has to oversee in the best possible way and performance it own citizens problems and needs first!!! The USA with too many issues and president Tramp must streamline everything if he wants a successful term and seek re-election…. North Korea… the South China Sea, Putin’s Russia, Mexico, Iran … are just some of the  external issues… Russia is flexing its muscles, never forget this… South America with its own problems – corruption, drugs and populism the three most crucial ones turning upside down the entire South American continent… Africa as messy as ever….. and Australia creating another status quo for all in the region, despite of rumours of losing military secrets around…

Have a nice evening and be on guard from the dangers emanating from Pirates and Terrorists wherever you are on Planet Ocean.


Uploaded 21:11 BST

Updated 23:50 BST

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