John Faraclas
The BDI (Baltic Dry Index) ended the week at 1,122 points – that’s plus five since yesterday but down 21 since last week’s 1,143 points. Geopolitics might completely rock Peace all over Planet Ocean. John Faraclas’ daily and weekly briefing:ock
The Capers managed to clinch 28 points and the BCI now stands at 1,157; on a weekly basis though it lost 46 points – from 1,203, but earning over US$20,000 per diem sounds more than excellent… There is gossip that Capers’ earnings might skyrock… we shall see…
The Panamaxes were down six points with the BPI now standing at 1,587 which is also 31 points down since last Friday the 16th of March when it stood at 1,618 points…
The Supras lost on a daily basis – down just one point for the BSI now reading 1,121 but up 30 on a weekly basis from 1,091 last week!
The Handies’ BHSI managed a modest two points plus – now standing at 641 and on a weekly basis 14 points plus wasn’t bad at all… – from 627!
All in all a very perplexed dry market and it remains to be seen if there is going to be a positive and long-lasting Chinese market effect. With president Trump defending the IP issue you never ever know… Add the tariffs and see what you get… Will the Chinese retaliate? …and at which level shipping might loss even 20 centum of its strength…
The Wets once again with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 652 points – that’s plus the and 554 – that’s minus six points respectively. On a weekly basis the Dirties were up 13 points – from 639 and the Cleans minus 10 from 564… Still a market on CAUTION!
The WTI as these lines are being written stands at US$ 65.85; last week it stood at US 62.34… C A U T I O N as things are getting sour for the masses and that as we have warned might backfire…
The Geopolitical issues are getting far worse than expected and in a faster pace.
MIGRANTS, The Wars in Syria and Iraq, the Turkey’s president losing his act with an unprecedented attack against all in Turkey’s wider region and let’s see if his backers can ever save him as well as Turkey. Greece tries hard both internally as well as externally. The EU has verbally condemned the Turkish behaviour but this is NOT enough! Action please!
BREXIT continues and trust me at the end of the day all will be fine! In the meantime European Union leaders have approved guidelines for the negotiation of future relations with the United Kingdom after BREXIT and it took less than half a minute for the respective text on trade, security and some other issues to be agreed, which now leads to the next phase of talks. So in exactly a year from now (March 2019) when the United Kingdom is due to leave, negotiators stressed that they want a deal by the end of the year! Meantime the UK – Russia ow must be watched before it dangerously escalates!
All eyes are in Italy awaiting to see an appropriate coalition government as things are getting sour mainly due to excess in the country’s debts…
At the other side of the Atlantic the Facebook saga wiped off US$ 58 billion from its coffers… Is it a sorry enough? Regret: NO ! President Trump has a Herculean task vis-a-vis domestic, including personal issues, and international matters to solve and both are very difficult!
More news soon.
On another note our team’s trip though Europe continues and you can watch live our latest:
Wish you all a nice and peaceful weekend and remain on guard from any actions emanating from Pirates and Terrorists wherever you are on Planet Ocean!
