John Faraclas
The BDI (Baltic Dry Index) lost another 36 points earlier on today and now stands at 1,477 – below the 1,500 point threshold… Geopolitics still messy and the massacre of civilians spreads… John Faraclas’ midweek recap:
The Capes were down and below the 2,500 point mark, an issue we wondered yesterday and now the BCI stands at 2,470 points – down 125; another triple digit loss.
A bit of a …contained loss for the Panamaxes’ BPI, down 13 points and now reading 1,504… Let’s hope same doesn’t go below the 1,500 mark… Let’s hope, as if does, then….!
Stagnation for the first time after a while for the Supras’ BSI; still at 1,135 points.
Hooray hooray for the Handies’ BHSI clinching a point and now standing at 565!
All in all a downwards Dry Market which compared with that of the end of December 2013 is 770 points down – from 2,247, still a substantial level… At this point wonder what the gurus have to say and offer to owners….
On the Wet side the last published BDTI (Dirties) stood at 772 points – down eight…
The Container Trade’s slow growth continues; we need to see a substantial rise with a double digit figure, say a ten centum to have things move. With rates 3 to 4 centum plus things will never get to the optimum to make owners’ investment worth…
The WTI fell to US$ 68.70… Good news but still far apart from the pragmatic level of US$ 49.99! The poor masses are in trouble; end of the story. It can backfire!
The Geopolitics are getting off hand with the Syrian saga getting to its most critical point. The expected fall of Idlib will bring the expected exodus of a few million people…, the end of the war but NO Peace! It will become another Iraq, Libya and Afghanistan to name but a few similar cases, unless Putin’s Russia has other designs…
The MIGRANTS continue to be the World’s number one issue.
The entire Middle East gets worse in all fronts…
Turkey ready to get involved… President Erdogan needs an escape from the bankruptcy situation he country faces as well as other issues… He might opt for an asymmetrical attack around Turkey’s frontiers in many neighbouring countries…
Israel is ready for everything… Iran stirs up the situation and with a weak Iraq another intervention is possible…
Greece lives the momentum of its sheer populist lefty looney administrators and a not so serious opposition; time to grow up guys. Internally the mess continues – One million unemployed, high taxes, no development… On the foreign policy field there isn’t a coherent stance and this might backfire and in conjunction with the internal chaos expect surprises… Europe should also grow up. The USA must intervene in the region both economically and military-wise and send troops to ensure real Peace in the Balkans…
Italy will rock both the European Union and the Euro! The Italians had enough… and they know the way!
The UK is living very interesting moments with the BREXIT saga… be on guard! Mrs. May does her best for the benefit of all in the United Kingdom, as well as for Europe…
The USA and India are coming very close and that will jeopardise the balance of power in the subcontinent and beyond; wait and see! President Trump’s ace under his sleeve in the region is simply India! After the stoppage of aid-money from the USA to Pakistan, you dead well understand what might happen…
Difficult times for Japan following the typhoon and the earthquakes… nature’s wrath at its… worse…
More news soon, until then remain on guard for every eventuality emanating from Pirates, Terrorists and Criminals of any kind wherever you are on Planet Ocean!
