John Faraclas
Not good news yet from the Baltic as the BDI (Baltic Dry Index) lost 13 points; Geopolitics in disarray. John Faraclas’ daily briefing:
Let us hope the Dry and Wet Markets remain same they are today; a fall below the 2,000-point mark will send shocking waves of an unprecedented tsunami. Still we are 1,068 points below the December 2013 closing when the market stood at 2,247 points. Today, ships just manage to make it – those built at a high purchase price and expensive second hand acquisitions are in trouble…
The Capers’ fall was increased since yesterday; the BCI now reads 1,362 points – down 63!
The Panamaxes lost one point with the BPI now reading 1,623 points…
Supras and Handies added nine and two points; the BSI and BHSI now stands at 1,049 and 617 points respectively.
Falling Wets too; the last published BDTI and BCTI stood at 648 – minus five, and 577 – minus thee points respectively.
The price of WTI stood at US$ 60.80 – a minor increase…
The Geopolitics are putting us in a state of alert, as except the current events we have more sackings in the USA’s administration following that of Rex Tillerson…
The MIGRANTS issue maintains the top lead with the Wars in Syria and Iraq dragging more nations in, in the second place. Turkey continues its erratic course and will certainly at the end of the day disappoint even its backers… Greece in turmoil both internally as well as externally; ultra caution should be observed!
BREXIT stirs up everything and the UK – Russian relationship bottoms-out…
OI2018 The FUGRO stand
On another note the 24th edition of Oceanology International (OI2018) is on at London’s ExCel. Thousands of people from all over the underworld… err underwater spectrum – amongst them academics, developers and manufacturers, research and specialists in ocean technology were there together with government agencies and associations demonstrating their products and services! One of the biggest and most important exhibitions of its kind together with unique subjects to be covered in many conference debates on technical updates and case studies on the latest marine technology and ocean science R&D, applications and best practices, this year’s technical tracks will cover advancements in hydrography, geophysics, unmanned vehicles and vessels, and our famous ROVs!
The New Naval stand
This biennial three day event together with the Interspill 2018 are more than important given energy, environmental, touristic, archaeological issues which created wealth and safeguard also health and safety for all all over Planet Ocean.
Have a nice evening and be on guard for any eventuality emanating from Pirates and Terrorists where ever you are on Planet Ocean!
