Home MarketsChartering Falling BDI@1,279 enhances uncertainty…

Falling BDI@1,279 enhances uncertainty…

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John Faraclas

The BDI lost 39 points earlier on today and 122 since last week’s 1,401 points amid enigmatic uncertainty, Economic Chaos and Geopolitical mess; John Faraclas’ daily and weekly recaps:

The Capes’ BCI lost 158 points and now read 1,913 losing completely the 2,000 point threshold. On a weekly basis the loss was more than substantial: 470 points, down from 2,393. You can have your say…

The Panamaxes lost 36 points with the BPI now standing at 1,437 points; on a weekly basis the loss was contained to 41 points – down from 1,478 points…

The Supras and Handies losses were minimal; the BSI lost two points – now reading 977 points; on a weekly basis though same was up three points – up from 974! The BHSI lost five points and now stands at 597 point – losing the 600 safe threshold mark! On a weekly basis same was down 20 points – from 617 points.

The Wets on a downwards mode and a mixed one on a weekly basis. The last published BDTI (Dirties) and BCTI (Cleans) stood at 1,258 – minus eight and 833 – minus 11 points respectively. On a weekly basis the Dirties were up 35 points – from 1,223 and the Cleans were down 84 points – the first substantial weekly fall for quite a while…

The WTI was down to US$ 45.59… Last week same stood at US$ 51.20; so we have an interesting difference of  US$ 5.61!!! Let’s hope it remains as close as possible to the US$40 mark… It will be to the benefit of all given the worse ever financial credit crunch we have witnessed which continuous to deteriorate dangerously!

Geopolitics as said in the preamble gets worse all the time and be ready for despicable events – some are already happening, emanating from MIGRANTS – see the partial shut-down  in the USA!

The Wars and Wars of Words continue on all longitudes and latitudes; ultra-CAUTION should be observed.

The Environmental issues are more or less a hype and let’s see those who really care how they tackle 2020 and beyond. We see a lot of political interference and hypocrisy!

Christmas arrives amid a despicable mess all over Planet Ocean. Today marks the Winter Solstice, the shortest day of 2018. The solstice is extra special this year because it is followed by a full moon known as the Cold Moon, and a meteor shower. Wonder what this is going to bring? An earthquake? A declaration for War ? Time will tell! The Full Moon tomorrow takes place at 17:48 GMT… Take cover! More news before midnight.

l to r: journalist Petros Diplas, Nicholas Faraklas, the host Vassilis Kroustallis and Christina Konstantinidis

On another note and tone the ABS (American Bureau of Shipping) Christmas noon reception in Athens was a very special one given also the prevailing summer day and the excellent views as well as the fantastic food, drinks, traditional greek sweets and drinks and networking!

Good to see many from the old guard as well as new officers there in this last of the week Christmas events – well over 300 attended.

A view from the reception

Many shipowners, shipmanagers, Flag State representatives, journalists, technical personnel from many shipping companies, marine equipment and services specialists where there in full force!

ABS’ Dr. Christos Leontopoulos with Nicholas Faraklas

Have a nice evening and remain on guard from actions emanating by Pirates, Terrorists, Criminals and Business Hooligans wherever you are on Planet Ocean!

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