The BDI (Baltic Dry Index) continued its fall and today another eight points were lost… Geopolitics as we have long ago warned get now off hand… John faraclas’ daily brief recap:
The Capes’ BCI lost ten points and now stands at 2,001 – just above the 2,000 point threshold; let’s hope it doesn’t fell further..
The Panamaxes’ BPI was down 16 and now reads 1,339 points.
Supras’ BSI also fell seven points and now reads 1,085 points…
A point lost for the Handies with the BHSI now standing 592 points!!!
We are in the middle of the summer and things are getting fa worse than expected! The good thing is that the BDI’s status is below the 1,000 gap from that in December 2103 (2,247)…
The Wets not in a good shape either; the last published BDTI (Dirties) and BCTI (Cleans) stood at 745 plus thee and 506 – minus one point respectively.
The WTI stood earlier just above US 68… CAUTION.
The Geopolitics crucial as ever…
The MIGRANTS, the most important issue for us in allaboutshipping …finally become the number one issue for all…. Too late unless one saws robust determination!!! The Politicians and Diplomats after spectacularly failing six years ago to end this despicable situation, now are ..urged and they even begun to fight amongst them… SHAME! The various Associations and Organisations too… As they haven’t done it from Day one, they can still do it now:
Impose a Naval blockage on all areas pausing danger to all with a clear Mandate and Rules of Engagement! The rest, with all due respect per the American word and “ethics”: is all Bullshit!
The War in Syria and Iraq continues; expect far worse things to happen!
Turkey’s Erdogan has been re-elected, so expect a total mess in the region – in any event he was going to do it. The War is on long time ago, it is the real thing to come now! Meantime Turkey is split more than ever before – see the result and shake your head!
The Balkans too will soon be engulfed in a total mess! Once again you are being waned!
Greece’s current regime plays it “stupid”; not all Greeks though are stupid and reality will begin finally to bite like a sting! The financial situation despite “promising” credit ratings, is touching bottom…. PM Tsipras is in London… After his European meetings, a BREXIT UK might …. “inspire” him… The heatwave – today 30.1 in Hampton West London could be beneficial for PM Alexis Tsipras…
A lot of hiccups with BREXIT; the saga goes on!
Mind, primarily, the overburden financially Italy, France, Germany and the secondary others… The debts are colossal , the end result: incalculable!!!
The Trade War president Ttump begun continues from all sides; a perfect tit-for–tat!
The World Cup continues in Russia with many surprises!
On another tone and not last Saturday Jacques R. Saadé passed away. On of the greatest personalities of the shipping industry particularly in the box trade! In 2007 I was present when Mr. Saadé’s career was singled out by the international magazine Seatrade, which voted him shipping’s ‘Personality of the Year’. CMA CGM was his creation, the no. 3 company of its kind all over Planet Ocean! Blessed!
That’s all for tonight, more tomorrow; until then have a nice evening and continue to be on guard for any eventuality emanating from Pirates, Terrorists and criminals of any kind wherever you are on Planet Ocean!