John Faraclas
The BDI (Baltic Dry Index) fell further earlier on today by 26 points and now reads 1,496… Expect tsunamis in Geopolitics… John Faraclas midweek market recap:
The BDI lost its 1,500 base threshold given the loss of 82 points in the Capers and the BCI now reads 3,137 points.
The Panamaxes’ BPI was up though 11 points at 1,503 above the 1,500 threshold and that’s something positive, but lets see for how long and what more or less this will bring – hopefully a plus margin… Our most favourite size moves…
The Supras fall further; the BSI lost 17 points and now reads 1,043 – dangerously approaching the 1,000 point “barrier”…
The Handies’ BHSI was also down but just six points now reading 673…
The gap between today’s BDI figure and that of the 31st of December 2013 widens; today it records 725 points (2,247 minus 1,522) difference… Make a note on this please…
The Wets with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 871 – a considerable loss of 33 points and 528 a five points plus respectively. CAUTION!
Many companies CEO’s object to the construction of newbuilds; sorry we object as it is a free world, conversely a free economy. Those capable can run their ships no matter how many new ones get in the water…
We have long ago warned that the current situation in shipping, with many owners feeling the damage of a nine year recession and a world economy in tatters, is far from over; add the many Geopolitical and Economic issues and see what you get… Read on our 500 years world history cycle… and see what happens every 500 years, +/- 50…
The WTI stood at US$ 54.21 – a very odd situation which might bring unwanted despicable issues to the fore: the middle classes and the poor all over Planet Ocean cannot afford a single nickel above the US$ 50 mark; end of the story as otherwise the damage will look fine against those who continue to create financial crimes by playing with the masses… This is why we wish to see the Alternative Sources of Energy dominating the field as indeed big money will change hands but also in a more justifiable way and level – far lower cost, a cost easily affordable by all.-
The Geopolitical situation got marred again following last night’s (GMT) news on what is now a terrorist attack in New York’s Lower Manhattan by an Uzbek immigrant – Savfullo Saipov; another Uzbek is wanted for questioning; let’s see what Mukhammadzoir Kadirov has to say when arrested…
The MIGRANTS continue to …multiply and a further influx is being recorded in Central Med and in the Aegean Sea. In principal Europe and in particular the EU must get its act together on the MIGRANTS issue. The socila cohesion HAS been broken.-
The Wars in Syria and Iraq among a few dozen of combatant groups and nations, relentlessly continues and we are not perplexed as many of you are, but wondering what this will bring out and put a great region up in flames for another 50 yeas… ISIS has been defeated on the ground but now they will saw their ugly faces by Terrorism of the worse kind… It is about time we smash them without any further …ado before they cause incalculable damage and repercussions to our society, in Europe, in the USA, everywhere. Zero Tolerance is the only answer and the name of the game.-
In Greece among other thing we hear that a multi-bill of the Ministry of Shipping was submitted to the House (Greek Parliament). Let’s see how the House deals with its 18 (eighteen) points…
BREXIT of course is until now the most important issue of this millennium affecting all sectors of life all over Planet Ocean. As London was, is and – in our view will continue to be the Administrative capital of the Shipping Industry, we keep a close eye on all BREXIT developments. Let’s see if there will be a rise in interest rates – tomorrow or the day after tomorrow doesn’t really matters… It will be the first in just over ten years, but who will gain and who will loose… remains to be seen!
The Catalonian saga in Spain continues and who knows what is the next step of Charles Puigemont… A very bizarre situation and a “good lesson” for all seeking regional autonomies leading to the creation / birth of another nation and or country… If the referendum was backed though by 80 centum of all votes, then things could work otherwise… Overwhelming majorities are very important these days…
The third panel on: Investing in big data and cybersecurity with Ioannis Chiotopoulos (moderator) and Panos Kourkountis, Stefanos Stylianos, Vasilios Lambropoulos, and Socrates Theodosiou
On another tone Capital Link’s Operational Excellence in Shipping Forum in Athens’ Divani Caravel Hotel today was more than a great success, given also the timing and the issues debated. Greece has become the centre of major international events…
Iris Liaskonis was there with her camera and will soon will upload her full report which includes also the award in honouring John Platsidakis, the Chairman of INTERCARGO and Anangel Maritime Services Managing Director; well done!
Last night also saw the closing of public voting for the forthcoming GIWA (Greek International Women’s Awards). Log in the site on the respective banner and reserve your seat for the Awards night at the British Library – 9th of December 2017!
Everybody gets geared for the three-day World Travel Market in London’s ExCel Centre on the Thames, which promises to be once again a great event as Tourism of all kinds including Maritime Tourism and Sea Sport are lately on the up and for many individuals, companies and Nations a great money earner. Ink your diary for the 6, 7 and 8th of November and don’t miss a bit!
Have a nice and peaceful evening and be on guard from any eventuality emanating from Pirates and Terrorists looming in the background wherever you are on Planet Ocean… Happy Month to all!
