The BDI dropped further down earlier on today at 1,555 – minus 54 points amid a geopolitical mayhem! John Faraclas’ brief recap:
The Capes’ BCI witnessed a three digit fall – 224 points and now stands at 2,792 points; CAUTION! If it wasn’t for the Panamaxes’ rise the BDI was going to be down close to 100 points!
The Panamaxes BPI gained 64 points and that saved the day – at 1,431 points holds on…
Down three points for the Supras’ BSI now at 994…
Down two also for the Handies’ BHSI now at 560 points.
All in all a downwards Dry Market irrespective of the BPI’s rise… Once again one size’s rise or fall DOESN’T constitute a market!
The Wets once again with mixed feelings and a bit stable on the low scale… still! The last published BDTI (Dirties) and BCTI (Cleans) stood at 729 – plus eight and 501 – minus one respectively.
Containerships rates have in some cases improved particularly the period ones…. Early days though… but… the hope is still there!
The WTI just fell to US$ 74 from US$ 74.70 earlier on today. Once again we reiterate our view for the WTI to fall down, below the US$ 50 mark. CAUTION as you never ever know what we have warned you of having… Greediness has an end… like it or not…
…AND here you go with VesselsValue’s latest research from Court Smith on the newbuilding sector:
The Geopolitical issues have become messy earlier than we anticipated!
The MIGRANTS issue for a start might even divide and break-up Europe, not just in a North / South lay-out scenario/divide, but beyond that. Italy becomes the stabling block so to speak… and rightly so! The USA also has grave issues with MIGRANTS particularly with the separations of parents and their children.
All in all, particularly in Europe with the MIGRANTS crossing over from Turkey and North Africa – mainly Libya, expect despicable phenomena to happen. What a palaver with the Politicians and Diplomats attitude to try NOW after at least six years of Wars raging in Syria, Iraq, Afghanistan and the mess in most of sub-Sahara countries to try now to find a solution. Pathetic morons, failed people with inhumane instincts; this is what they are!
Awaiting the Western Balkans meeting in London communique (hopefully) later on, The Wars in Syria and Iraq latest, BREXIT latest news too and all that we normally cover including the good news – all Thai boys safe but over 155 lost and more missing in Japan…
Now, with respect the latest rankings on Planet Ocean’s Shipping Centres I object as Piraeus maintains the real lead – all are focused on Piraeus and all happening do happen in Piraeus (Athens is though the names in the rankings…), London calls the shots being the Shipping world’s Administrative Shipping capital. As for the Middle East and Far East centres mentioned, these are pure politics… OK, fine, Singapore is coming up, Hong Kong, Dubai, Rotterdam, Hamburg, New York et al, all for different reasons….
On another tone and note we are pleased to see The Copenhagen Business School‘s Blue MBA on top at the latest rankings, which please read here .-
Have a nice evening, enjoy the France vs. Belgium semi for the World Cup 2018 in Russia and be on guard for any eventuality emanating from Pirates, Terrorists and Criminals of any kind wherever you are on Planet Ocean!