John Faraclas
The BDI ended up earlier on today at 1,385 points – plus 14 since last Friday’s 1,371 points, thanks mainly to the Capers and to a lesser extent the Supras… The Geopolitics still in limbo. John Faraclas’ brief market note:
The Capers’ BCI was up 61 points at 3,214 – a second day of a mild rebound… with volatility being the top ingredient!
The Panamaxes continued to fall; the BPI lost five points and now reads 1,280. Caution…
The Supras’ BSI had its first day of gains; five points plus and now it stands at 850…
The Handy’s BHSI lost two points and now reads 628…
The Wets again with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 809, that is plus 19 and 590, that’s four points minus respectively.
Still a very enigmatic market overall and one needs to be very cautious and well prepared for every eventuality given a very bad commodities market too; many companies are about to lay people off… This coupled with the Geopolitical chaos might trigger other issues…
The WTI as these line are written stood at US$ 56,15 – still above the US$ 50 mark and this already creates problems.
The Geopolitics still in limbo:
The Migrants, the continuation of the Wars in Syria and Iraq against the remnants of ISIS and all other was there; Turkey, Greece, Cyprus still with more issues… BREXIT getting worse and it might create more mess than anticipated. Meantime German business groups call for Britain to remain in the EU! At the same time, the Germans are still without a government and as said, Mrs. Merkel might call a snap election… In Africa Mugabe might face impeachment from his own party… Awaiting soon / early hours of tomorrow news from president Trump on North Korea…
Cyprus’ Ambassador Euripedes Euriviades introducing the event and the speaker – seated is Artemis Skoutaris
On another note and tone we attended at the Great Hall of London’s Hellenic Centre a very unique event/slides presentation: “The Geography of Cyprus in the middle of the 19th century – evidence from Lord Kitchener’s historic map on Cyprus – edition 1885″. Professor Christos Chalkias from the Harokopion University in Athens delivered an excellent talk about the result of a research collaboration with the Sylvia Ioannou Foundation: cartographic database and a web application presenting the vast range of geographical, historical and cultural information included in Lord Kitchener’s historic map of Cyprus.
Sylvia Ioannou, Artemis Skoutaris, Agatha Kalisperas and the speaker Prof. Christos Chalkias
After the introduction and welcome by the centre’s director Agatha Kalisperas, the Ambassador of Cyprus, the very eloquent Euripedes Euriviades introduced the event and stressed the importance of maps in political, cultural and religious issues. Artemis Skoutaris of the Sylvia Foundation spoke too and there were five interesting questions. A nice reception followed with traditional Cypriot dips and drinks. We will revert with a full write up.
That’s all for tonight and we remind you to be on guard against actions by Pirates and Terrorists wherever you are on Planet Ocean!
