John Faraclas
With 29 points plus since yesterday the BDI (Baltic Dry Index) brings a “euphoria” despite the continuous fall of the Wets. The Geopolitics continue all over to be more than perplexed and the scandals, scandals of all nature and types multiply… John Faraclas’ midweek brief market recap:
At 1,146 points the BDI – thanks primarily to the Panamaxes and then the volatile Capers, looks for more advances although even if we go over and above the 1,500-point threshold nothing will really change…
The Capes following yesterday’s 81 point surge today they only managed a 39 point plus with the BCI now standing at 1,717 points.
The Panamaxes’ 55 point plus brought the BDI up to 1,388 points…
Nine points plus for the ailing Supras with the BSI now standing at 856 points…
Nothing spectacular for the Handies; the BHSI ended the day at 522 – three points up…
So alike yesterday another “encouraging” surge” – better than nothing though… Still we are 1,101 points apart from the end of December 2013 (2,247 points); that must wake you up and understand the severity of the markets… Never forget that we have to move by ships nearly 11 billion tonnes of cargoes; but who will do this? Which companies are RWAD?
The Wets continued to fall; the last published BDTI (Dirties) and BCTI (Cleans) stood at 641 – minus four and 613 – minus ten respectively!!!
The price of WTI as these lines are written stands at US$ 61.34 – on a slightly falling mode…
There is still a silent atmosphere and we all await the Chinese Dog to bark loud… Let’s wait… as Easter is coming in about 70 days; will these 70 days make the difference or another hibernation period will re-surface…?
The Geopolitical front might burst very soon with incalculable repercussions for all. Greediness, scandals of all types – sexual, financial and political take place every single moment and we would be surprise to see them tenfold soon… It’s about time to open up the cupboards and count the skeletons there…
MIGRANTS, Wars in Syria and Iraq, the Turkish madness, the Greek modern drama, the BREXIT saga which will rock Europe, the USA president struggle within and abroad, the Russian factor, the Chinese bubble, the Japanese anxiety and calculated economic projections, the Africa and Latin American mess, as well as the Oceania’s issues makes us live in interesting times. Add the Environment, Health and Care coupled with Energy issues and see what lies ahead. Religious Wars are about to erupt and that will give the chance the Terrorists – Terrorists of any king await for… We luck political leadership as the majority of the politicians and diplomats – plus the 99 centum of public servants become business hooligans. You read the daily news all over the Globe and see for yourself where we ae heading! You have been warned of a coming Geopolitical Tsunami…
Have a nice evening and be on guard from any eventuality emanating from Pirates and Terrorists wherever you are on Planet Ocean…
P.S.: How many of you believe that the Dry market will go over and above the 2,000 points by the end of the year; how many believe the 2,500 points is achievable; the 3,000 point threshold and finally the 4,000 points? Equally for the Wets; the 1,000 and 1,500 points. Let’s see your knowledge and control over the markets!
