The BDI@2,191 approaches …the all time high for 5Y and 7M
The BDI is just 56 points apart as of the end of Dec 2013 when the BDI stood at 2,247… Geopolitics being conspicuously “silent” might turn explosive to a degree of no return. John Faraclas’ daily recap:
With only 56 points away from the 2,247 points (recorded at the end of Dec 2013), the BDI with the 21 points it gained earlier on today approaches the level we all here prayed for and referred to over the last four years in nearly every recap!
The Capes’ BCI was up 59 points and now stands at 4,438!
The Panamaxes having gone over and above the 2,000 point mark now enjoy better days and rates; the BPI now reads 2,201 – plus 31!
Good news for the Supras’ BSI surpassing the 1,000 point threshold and now reads 1,002 – plus 20!
Approaching the 500 point mark the Handies’ BHSI now at 497 – plus five!
All in all an encouraging Dry Market and let’s see that there is sustainability; we are a bit restrained… time will tell… as the rise today wasn’t as in the previous days of last week… CAUTION!
The falling Wets …“managed” with …contained losses; the last published BDTI (Dirties) and BCTI (Cleans) stood at 622 – minus three and 480 – minus 12 points respectively…
The WTI rose a bit to US$ 56.09 from US$ 55.76 last week… Wonder the effect following the escalation between the USA, UK – for the time being and Iran…
The Geopolitics with the escalation of events in the Straits of Hormuz are turning sour and obviously it is easy to start hostilities leading to a general conflagration in the entire region but how you contain same and how the War ends… if it ends this time… CAUTION… For those we know how the system works, it seems that somebody is pushing Iran and do “things”, expect the unexpected…
Containing though Turkish appetite in a radius of 1,500 around the Turkish borders following the enhanced relations of Ankara with Russia and Iran could turn futile and the western so to speak powers – USA, NATO and the European Union MUST INTERVENE HERE AND NOW; end of the story as I don’t like to see more hype as well as more MIGRANTS pouring into the EU!
Cyprus is a legitimate state and a member of the EU and Eurozone, whilst Turkey a pariah state with whatever this entails… Incursions into Cyprus’ EEZ as well provocative agrression in Greece’s airspace and territorial waters is an Act of War… Enough!
The newly elected centre-right Greek government of Kyriakos Mitsotakis “got” a vote of confidence 158/300. Shame for all other parties of the opposition which opted to “show” us, once again, their inferiority complex, save as expected SYRIZA, and turning down their votes, the parties of the centre left which are mainly to blame for Greece’s colossal debt under of course the eulogy – on purpose of the Brussels fraternity to fatally wound Greece for their own intents and purposes!
In the UK we are expecting tomorrow to see who will officially replace Mrs. Theresa May, a very unlucky PM who become the victim of the egopaths from most sides in the House of Commons and …exceptionally from her own party, AND then brace for BREXIT… On all counts this column supported Mrs May!!!!!
On another tone and note, we remind you:
A)to ink your diaries for IBIA’s event in Cape Town South Africa on 30th July to 1st August 2019. An event not to be missed! To book please click here
and B)check the entire LISW2019 events 9-13 September 2019; READ MORE .
That’s all for tonight and remain on guard by Actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean.