John Faraclas
Capes’ hiccups bring down the BDI@635…
The BDI (Baltic Dry Index) lost eight points earlier on today and that’s “thanks” to the predictably unpredictable Capes! Geopolitics continue to be enigmatic and perplexed and wonder if there is any risk assessment in place before the tsunami destroys everything in its passage… John Faraclas’ brief daily recap:
The Capes have caused once again, in an already very bad and delicate state of the dry market, yet again another mess; the BCI lost 63 points and now stands at 650 points – lost once again the 700 points threshold. 58,000 dwt Supras have passed 180,000 dwt Capes!!! Any question/ any objection?
The Panamaxes’ BPI was up 11 points at 639 points…
The Supras’ BSI was up 31 points and now reads 625 points going over and above the 600 points threshold!
The Handies’ rise was a good one: 13 points and now stand at 335 points.
The Wets with mixed feelings but nothing spectacular. A bit of stagnation, a bit of a fall awaiting the mega oil mayhem or the catastrophe; its heads and tails given the American attitude, the Russian game and the Venezuelan saga… OPEC has a long way to go these days to find a new golden rule… but certainly cutting supply and “boosting” the price of oil will be detrimental and turn to a boomerang!! AND Iran? AND Libya? AND the Saudis? AND the Eastern Med… consortium so to speak… The last published BDTI (Dirties) and BCTI (Cleans) stood at 819 – plus one and 605 – minus four points respectively…
The Boxships and its trade still in doldrums… CAUTION!
The WTI remained close to yesterday at US$ 56.09 (as of 23:00GMT)… CAUTION!
One serious issue remains the dams not only in Brazil but elsewhere following the disaster on Friday the 25th of January; the government (in Brazil) banned all mine dams and there are rumours of decommissioning same… The price of iron ore will go up but ships freight rates will run aground… Good quality but damn dams made it a mess! Meantime Brazil might retaliate with the steel duties impose by the European Union… What Vale can do now? Australians might have a good time now… Interesting eh!
The Geopolitical situation remains very tense…
MIGRANTS, a bankrupt Planet Ocean with more hostilities to come “encouraging” everybody to manufacture more arms and make it a little bit of mess so the economy can kick start again..!
The faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa to build up warring regions… CAUTION yes but the conflagration is inevitable; end of the story.- Meantime the return of Jihadists who joint ISIS posses too many issues… Caution. Once a terrorist always a terrorist!
The two …eyes of the cyclone and the…very the low prevailing in the above region are the Balkans and East Med/Black Sea, with Ukraine appealing to EU for money to save its civil-war-torn east part…
BREXIT hiccups and the Labour Party in disarray! …and the split is happening with seven brave MPs having left Mr. Corbyn…! I say I say!!! Mrs May too faces a split as rebels prepare to quit… We shall see… Meantime the HFI – Household Finance Index, dropped to its lowest level since last March! London Fashion week ended today; let’s see the result as this is a US$ 39 billion contribution to the economy and business! Let’s see how the new trends dominate the high street. Come on bright up..!
France is also rocked from demos… The issues are many!
Venezuela will produce a deadlock and a clash of East and West yet again… CAUTION. The humanitarian aid MUST reach the suffering people! Venezuela from a robust economy completely vanished!!
What’s up with Huawei, eh! Its founder says he’s not afraid of the USA’s attitude to crash him…
Next major issue is the uncertainty with USA’s president Donald Trump… Can he make it through? He better does as there will be incalculable repercussions for humanity… Putin’s Russia will continue its own dogmas and conversely agenda!
Nigeria might be in danger of a civil war; you never ever know… but I guess the Army will intervene… CAUTION! We ae living in interesting times!
Sir David Rowland former chairman at Lloyd’s passes away! To his credit he brought Lloyd’s from the brink of collapse to safety! …AND Karl Lagerfeld just at the end of the NYFW and the London Fashion Week; he will now continue to walk on the catwalk of eternity!
That’s all for tonight, more news tomorrow. Remain on guard from actions emanating by Pirates, Terrorists, Criminals and any Business Hooligans whatsoever wherever you are on Planet Ocean… AND try to digest that we are in yet another Recession, a terrible one. That’s what the full moon today reveals!
P.S. We all get geared for two major Social AND Business so to speak Events; the HESGB Annual Dinner and Dance this Saturday and that of IBIA on Monday!
