The BDI@1,873; better days ahead?
Let’s hope that the BDI (Baltic Dry Index) rises again above the 2,400 points and that better days are very near for all as well as for the Wets. Geopolitics lost in space…. John Faraclas’ brief midweek recap:
The BDI gained 72 points earlier on today and seems that the 2,000 points are within reach…
The Capes’ BCI was up 177 points and now stands at 3,208…
Good day for the Panamaxes’ BPI clinching 48 points and now reads 1,852…
A good and very much needed five points plus for the Supras’ BSI, now at 1,204…
Strange vibrations for the Handies’ BHSI which continues to lose and now stands at 662 points – down two…
The Wets continue to rise; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,442 – up 87 !!! and 626 – up 22 points respectively. In some cases the VLCC’s make US$ 100,000 per day; what a euphoria!
Meantime VesselsValue (VV) has just released analysis on the LNG market which can be found on VesselsValue BLOG.
Head Cargo Analyst, Olivia Watkins considers the recent developments and trends in this sector looking at seaborne demand for LNG transportation with an emphasis on China.
Overall the market sentiment is positive with increased Chinese demand spearheading this growth, mainly as a result of LNG being used as an energy source in place of oil and coal.
Japan, however, continues to demand the greatest seaborne imports.
Greek and Japanese owners dominate the fleet in terms of total value.
South Korea continue to command the LNG vessel building market, but there are signs that a significant shift is coming.
Cargo Miles (bn) to Tianjin have doubled between 2018 and 2019 due to Chinese investment in terminal expansion.
Full story with supporting charts and data can be found on VesselsValue BLOG.
The WTI stood at US$ 52.48 – not a bad figure but lets see same below the US$ 50 mark!
The Geopolitical situation got completely off hand following Turkey’s invasion in Northern Syria. From now on those who didn’t stop this happening bear the stigma for crimes against humanity. SHAME!! Verbal accusations means NOTHING! Condemning the “invasion” today and obviously tomorrow it’s just for the masses and the morons from the moron with the assistance of many elements from the press and the media. Action please before it is too late as another Turkish massacre against the Kurds is on the making and others will follow against other nations and neighbours bordering with Turkey and beyond! With this pretext the Turks will wipe out Iraqi and Syrian Kurds simultaneously.
The MIGRANTS will now double everywhere! It will be a pandemonium! Five million are already in Turkey and more and more people will be displaced. Guarded Terrorists from ISIS might go loose. The European Union with the morons and bureaucrats in Brussels are subjected from the big brothers and cannot get their act together and stop this despicable behaviour and the targeting of MIGRANTS in a way one cannot imagine. Add the fact that thousand are drown at sea all over the Med and Black Sea. Once again we believe and maintain that the only workable deterrant against the MIGRANTS, against those who on pupose send them over to Europe using the worse of blackmail is: “A Naval Blockade with a Mandate and Rules of Engagement” a view aired during the LISW20119 debate on 12 September 2019!! All other remedies are on purpose destined to spectacularly fail as they have failed so far and by now you feel it! Moving MIGRANTS from say the Greek islands to the Greek mainland does nothing to alleviate the problem!
The East Med and Balkans might explode too following Turkey’s invasion in Syria.
BREXIT brings Europe and the UK at the worse ever point and will shake Planet Ocean too. Wonder all those who put forward the Referendum back in 2016 ever did a risk assessment on the Irish Border and Gibraltar; burning issues!
More news later on…
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…