John Faraclas
The BDI (Baltic Dry Index) lost 14 points earlier on today with more Geopolitical chaos dangerously accumulating. John Faraclas’ midweek briefing:
Let us hope the fall will soon be contained as otherwise be prepared for major market hiccups…
The Capes’ BCI lost 44 points and now stands at 1,942!
Plus three for the Panamaxes’ BPI – something to “celebrate” for! At 1,324 points the BPI tries to survive…
Minus 11 for the Supras’ BSI now reading 1,067 points…
Minus four for the Handies’ BHSI – now standing at 585 points.
Not a nice Dry market and on top of this there aren’t any period fixtures – just one! We observe ultra caution!
The Wets on a falling mode too; the last published BDTI (Dirties) and BCTI (Cleans) stood at 735 – minus ten and 500 – minus three points respectively… CAUTION!
The WTI as these lines are being written stands at US$ 72.50… Again, ultra caution should be observed…
The Geopolitics not only turn sour, they might soon produce tsunamis in the entire system… with incalculable repercurssions for all…
Will the MIGRANTS create havoc in Europe and beyond? Why can’t the Politicians and Diplomats handle the issue? Why NOW, that the going gets tough, are trying to find “solutions”?
Why we even read openly these days of bilateral deals within Europe on rMigrants?
Why the USA is tackling its own major MIGRANTS issues in a very unprecedented way?
What is the UN Secretary-General’s position on the MIGRANTS issue given the above?
Syria and Iraq are still subjected to a total inhumane behaviour by the major powers, their periphery and religion!
Turkey MUST be watched as president Erdogan has designs other than Peace with all, repeat all Turkey’s neighbours!
Another Greek drama will soon enfold. Just wait and see; it will be both internal and external…
The Balkans remain Europe’ s tinderbox and I can assure you that the coming developments, phase two – after dismantling Yugoslavia, will be lethal…
BREXIT, as we have written in the past, will make the World go round…
The Trade Wars will soon begin to bite! Both sides of the equation already respond with counter measures; watch it!
China gets uneasy…
That’s all for now, have a nice evening and continue to be on guard from actions emanating from Pirates, Terrorists and Criminals of any kind wherever you are on Planet Ocean… See what happened in London yesterday… Congratulations to the security services!
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On another tone and note, the heatwave in the UK continues; that prompted the picture herebelow in Pindar Plaza at the back of Liverpool Street Station!
P.S. Don’t be surprised with the German early departure from the World Cup in Russia; these things can happen and never take things for granted! Never!
