John Faraclas
Dry Market surge with the BDI@1,864…
The BDI (Baltic Dry Index) gained another 90 points in one of the worse days and periods amidst Geopolitical mayhem! John Faraclas’ brief recap:
The Capes’ BCI was up 188 points – a good triple digit surge and now at 3,454 brings some balance but not yet hope…
The Panamaxes’ BPI gained 67 points and now reads 1,999 – just about to get over and above the 2,000 points threshold…
The Supras’ BSI was up 17 at 992 points – let’s hope same goes above the psychological level of 1,000 points soonest…
The Handies’ BHSI was up six points at 530 – it’s always good to see the small size maintain …its buoyancy so to speak…
Mixed feelings and too many questions surround the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 627 – plus one and 474 – minus 111 points respectively…
A US$ 2.17 “surge” on the WTI since yesterday now at US$57.01 (from US$54.93 yesterday)… CAUTION as we were close in falling below the US$ 50 mark and now we approach the US$60 which will have, given Planet Ocean’s mess, a great effect to all but mainly to all households. Ultra-CAUTION should be observed.
The Geopolitics continue from worse to worse and wonder how the 7.7 billion people on Planet Ocean will face the coming full scale of a global trade and wars conflagration… The Politicians have become puppets of the Business Hooligans who run the show with detrimental consequences for all. It’s now becoming: the game of all against all!! Herebelow the main issues:
Migrants, arrogance of the powerful ones (nations and individuals), the trade war between the USA and China – and soon against others, the Balkans for rounds four, the messy European Union with Italy close to become the fireworks of the European Union – that applies for many other EU members, the perplexed BREXIT with incalculable repercussions for all, the Turkish blackmail, the entire East Med mess – Turkey playing the worse ever game in bullying for the fifth time in modern history post WWII Cyprus, the Middle East unending war and confrontations – the Syrian, Iraqi mess, the Kurdish problem, the Palestinian unending confrontation with Israel having now to defend its existence form hard core Islamists, the Straits of Hormuz chess game, the next door India-Pakistan agony for a spill over, the Chinese aggression in the South China Sea, the Chinese-Taiwan boiling up mess, the North Korean push and bullying of some of its neighbours with the ballistic tests, The Hong Hong social upturn, the nearby Russian nuclear disaster following unsuccessful test and the loss of life of high calibre scientists – what a pity and what another environmental disaster with the radiation exceeding the levels… the Venezuelan confrontation and proxy clash there between the USA and Russia, the enigmatic Brazil, another crush in Argentina(?), the entire African enigma, the state of things in Australia where China tries to gain not just the impressions but dominance, all these issues affect us all as well as the sea-trade… Add the environmental laws and see where shipping is heading to: Shipping for the very very very few. Ah! And what about the US$ 250 (twohundredandfifty) trillion World Debt??? Eh!!!
Have a nice evening and remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean.
