John Faraclas
Still a Capes’ market amid unexpected geopolitical turmoil
The BDI (Baltic Dry Index) maintained its upwards mode gaining eight points since yesterday and now stands at 1,040. Geopolitical turmoil though will turn things upside down; John Faraclas’ daily and weekly recap:
The BDI’s weekly change was a positive one at 1,040; there were 27 plus points since last week’s (10/5) 1,013 points and the ups / downs and midweek stagnation which followed.
The Capes’ BCI with the only exception the midweek fall on Wednesday – it clocked 1,417, down 45, managed to gain 35 points on a daily basis – 1,463 and 92 since last week’s 1,371. Meantime a warning comes from Vale as one more dam might collapse…
The Panamaxes were up three points with the BPI at 1,255; on a weekly basis the BPI was up 53 points – from 1,198…
The Supras’ BSI lost three points and now stands at 780 – on a weekly basis same was up just a point – from 779…
The Handies’ BHSI clinched two points and now reads 385; on a weekly basis same was up three points – from 382!
Mixed feeling for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 683 – minus 14 and 507 – plus three points respectively. On a weekly basis though the Dirties were up three points – from 680 (10/5) and the Cleans down 14 – from 521 (10/5) respectively.
All in all a Capes’ market and this is not healthy AT ALL. Same applies for the Wets. A non sustainable market and wonder…
The WTI stood at US$ 62.76 which is US$ 1.10 from last Friday’s closing when it stood at US$ 61.66! CAUTION!
The Geopolitical scene is perplexed with the MIGRANTS on top – Turkey silently threatens to “release” a million or so who will get into the EU… At the othe side of the Atlantic president Trumps know best how to tackle the MIGRANTS issues!!!
The faulty line between Gib and Afghanistan and from the Caucuses to the Horn of Africa with the Balkans, Black Sea, East Med and northern Africa in a mess might produce further destabilization…
Turkey at loggerheads with the USA over the S-400 and possibly co-producing the S-500 as well as with the F-35 planes plays a dirty, but classic blackmail and provocative game – historically very true and natural but we guess the USA will not give in this time. Turkey continues to bully all in the region and in particular Cyprus, Greece and Syria; CAUTION…
Next door Greece might be once again in the eye of the cyclone; CAUTION!
The European Union with the forthcoming election is in a mess as BREXIT might also cause some “future” turbulations…
BREXIT itself re-writes British History vis-à-vis the United Kingdom’s relations with the Mighty Continent…
Iran might receive the wrath of the US president in an all-out war. Caution as same will create incalculable and despicable Trade and Social mess…
Caution for the South China Sea too… the USA MUST saw zero tolerance to the Chinese “claims”…
The USA vs. China Trade War continues… Still await China’s counter… as we say in shipbroking terms…
How does Huawei affects you..? What an issue… eh!
Aluminium looks good now between the USA and Canada; well done!
Putin’s Russia continues its own agenda in Eastern Ukraine, Black Sea in general and Syria… CAUTION!
Venezuela still in a mess…
What’s next for Bolsonaro to tackle in Brazil? Crime? The Dams? The Economy?
And what’s next after Volodomyr Zelensky in Ukraine took office? Can he deliver? Elections? We shall see
Libya might produce further issues…
South, down in South Africa all eyes are focused to see what happens in court with ex-president Zuma and French company Thales… on a deal that some believe there was a corruption and bribes case… The older the case the less chances for one to win… Let’s see how Mr. Zuma and his lawyers tackle the case…
What’s Scott Morisson’s recipe to win? Can he turn the odds? Australia ready for a new era?
More news latter on; until then have a nice weekend and remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean! See you in Spetses!
