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John Faraclas

The BDI fells but LISW 2019 continues its success

The BDI (Baltic Dry Index) lost another 29 points and now stands at 2,393. Geopolitics not just critical but messy and perplexed. LISW2019 continues its successful course. John Faraclas’ brief daily recap:

The Capes’ BCI lost 50 points and now read 4,794 – below the 4,800 points threshold…

The Panamaxes’ BPI was down 30 points and now reads 2,161..

11 points down for the Supras’ BSI now at 1,319…

Another “ace” plus for the Handies’ BHSI now at 691…

Mixed feelings for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 686 – plus one and 457 – minus two points…

The WTI was down a bit at US$ 57.40 (from US$57.85 yesterday)…

When we say a full house we mean a full house!

What a day that was at the Capital Link’s 12th Annual Shipping & Marine Services Forum held at the IoD – the Temple of British  Business, in partnership with Fearnley Securities, the temple of British Business’ building in conjunction with  The London International Shipping Week.

Not just a full house at this oversubscribed event but also ten excellent panels, two 1 x 1  discussions, five presentations and an excellent finale by Ms. Nusrat Ghani MP, Parliamentary under-secretary of State – UK department for Transport – she doesn’t misses any of the international shipping events!

A powerful Greek group of delegates with BV’s Nicholas Brown

The networking was one of the best ever during the morning coffee break, the light lunch and the cocktail reception sponsored by the Marshall Islands Registry – IRI. A strong international Greek presence in the panels and audience as always and it was good to catch-up with friends from the past and make new ones!

The London Greek Shipping fraternity was headed by Dimitri N. Monioudis from HESGB and R&K as well as from Radm (HCG) Costas Amarantidis, the GSCC director. WISTAs, and in particular the UK and Greek one in full force! Ah! And a very small World too!

Ms Nusrat Ghani MP flanks by the Bornozis’

There were a few dozens of events in other venues, too difficult to attend all – thee running in parallel at all times, as you will need at least two dozens of associates to attend and cover same.

This saws the exceptional success on Day 2 of LISW 2019!!! Guests, Speakers and Delegates continue to arrive keeping busy all forms of transport particularly airports and some defying strikes…

Also, worth mentioning was the good time keeping despite a fire alarm that send us out in the sun; a good break for many and all was ship-shape and Bristol fashion wise following this exceptional drill.

Still we need to have a Q&A time, just three questions per session/pannel; it will make the big difference!

A small video by Eva Mardas follows with Nicholas Bornozis’ recapitulation of the forum; enjoy:

On the Geopolitical  front the MIGRANTS, the faulty line from Gib to Afghanistan, BREXIT, Turkey’s provocations to all of its neighbours, the USA – Iran “confrontation” which might escalate, the Trade Wars as well as over regulation and hype on Climate dominate the news. More news soon…

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

P.S. some more smiling faces…

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