Lloyd's Register
The American Club
Panama Consulate
London Shipping Law Center
Home MarketsChartering The BDI@1,200…

The BDI@1,200…

by admin
172 views

John Faraclas

The BDI (Baltic Dry Index) gained 43 points bringing some smiles in the Square Mile and beyond. Geopolitics continue to get worse, particularly during the current World Economic Forum at Davos; the rest is “fake news”. John Faraclas’ daily brief:

The Capes’ BCI clinched 151 points and at 1,676 “makes waves…”. Volatility at its best – a classic phenomenon.

The Panamaxes BPI was up 52 points at 1,456…

The Supras and Handies down; The BSI at 908 – minus three and the BHSI at 584 – minus two…

The Wets with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 694 – minus eight and 569 – plus five points respectively…

The WTI might create problems with incalculable repercussions, as despite the better picture in the oil companies balance sheets, the trouble with the 90 centum of Planet Ocean’s populations having another burden with the rise of the price will shake up everybody. This moment it stands at US$ 65.58 and it might go slightly higher. CAUTION!

The Geopolitics with the same major issues as in the last three months getting worse and the situ gets offhand ….

On another tone todays 9th Annual Marine Money Forum in London’s Dorchester Hotel come at the most crucial time for the shipping industry and all its stakeholders and on all counts was the best ever. Indeed it is all about Optimism and Opportunity. Are we going to see a sustained recovery? I say: Yes, but ONLY for the very very very few! All these years of the shipping crisis – which is in reality in its tenth year, everybody was fixing the blame – nobody was fixing the problem!  Our main question was: Are you afraid of newbuildings? We will revert with a full report. Congrats to Mia Jensen, Kevin Oates and their team for an excellent and stimulating event.

Have a nice evening and be on guard for any eventuality emanating from Pirates and Terrorists wherever you ae on Planet Ocean.-

You may also like

Leave a Comment