John Faraclas
On a daily basis this last day of trading for 2017, the BDI lost 64 points; Geopolitics on the edge… John Faraclas’ daily, weekly and end of the year recap:
These 64 points that the BDI (Baltic Dry Index) lost are sending more than a Mayday, add also that the weekly fall was a triple digit one, 253 points down – from 1,619 since last Friday the 15th of December and see what you get! This is also 881 points below the closing of Dec.2013 when the BDI stood at 2,247 points. In four years and despite what the analysts and the gurus were prophesising, things didn’t work “as per their plan” and the Markets alike Shipping become the markets for the very very very few! Thank though for Posidon that on an annual basis the BDI was up 405 points (from 961 as of the 23rd of December 2016)…
The Capers lost 285 points and BCI now stands at 2,830 points; looks weird below the 3,000 point threshold. On a weekly basis the loss neared 1,000 points – 947 points is a big fall… from 3,777 points on the 15th of December… On an annual basis the positive ruled the period with 1,445 points plus from 1,385…
The Panamaxes fall was “contained” though to 50 (fifty) points with the BPI now reading 1,395 – below the 1,400 threshold… On a weekly basis the loss was a triple digit one; minus 282 points – from 1,667 a week ago… Good to see our most favourable size gain 543 points from last year when it stood at 852 points!
Losses for the Supras; the BSI lost 11 points now at 914 and on a weekly basis the loss was 28 points (from 942)… on an annual basis minimal gains, but gains: 11 points – from 903…
Classic minimal losses for the Handies’ BHSI; two points off and now standing at 625 points. On a weekly basis, 11 points were wiped out (from 636)… Since last year the BHSI gained 28 points – from 597!
The Wets, as always, with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) were 827 minus four and 720 plus one respectively! On a weekly basis both indices were on the up; the Dirties gained 13 points – from 814 and the Cleans 18 from 702! Mixed feelings on an annual basis too; the Dirties lost 109 points – from 936 and the Cleans gained 45 – from 675!
The WTI as these lines are being written stands dangerously at US$ 58.15… On an annual basis it gained – bad gains, just over five dollars (from US$ 53.01) Ultra CAUTION should be observed!
We are proud that since the beginning of this column we were proven verbatim right and offered your the real market projections and the harsh reality on the Geopolitics affecting same!
The Ships Sales and Purchase front despite the low Market levels was overall very active!
The Geopolitical front a l l o v e r Planet Ocean gets worse all the time and expect not just eruptions and upturns as well as Piracy and Terrorism but beyond that; Armageddon is here to stay!
Will revert later on with more news on the MIGRANTS, the entire Middle East disaster, Turkey, Greece, the Balkans, BREXIT, the Catalonian vote, Germany, Russia, China, The USA, North Korea, South America, and other regions. Until then be on guard from any eventuality emanating from Pirates and Terrorists wherever you are on Planet Ocean.
