The BDI@1,338… CAUTION!
The BDI (Baltic Dry Index) fell 19 points since last Friday the 15th of November and makes things more uncertain as it’s a bad start for this week, given that Geopolitics are being governed by the few who don’t care at all how the 7.7 billion people on Planet Ocean. John Faraclas’ brief market recap:
The Capes’ BCI lost 62 points and now stand at 2,603…
The Panamaxes’ BPI had contained losses and now read 1,112 – minus six!
A dozen points lost from the Supras’ BSI now down to 723 points…
Approaching the danger zone, the Handies’ BHSI were down three points and now stand at 506 points…
The Wets on a mini “surge” – expected though! The last published BDTI (Dirties) and BCTI (Cleans) stood at 1,143 – plus 24 points and 673 – plus 41 ! points respectively!
The WTI as these lines are being written stands at US$ 57.02, that’s .70 cents below last Friday’s closing at US$ 57.72… Still a “long” way to go and see the WTI below the US$ 50.00 mark!!
The Geopolitical situation gets worse and extra CAUTION should be observed:
On the MIGRANTS issue those attending the Oinoussian 2019 Ball last Saturday, heard first hand what is happening as well as on the Turkish provocations against Greece’s Islands. Over the last three days more than 1,350 MIGRANTS landed in Greek territory – islands and mainland. The Hellenic Coast Guard rescued 658 MIGRANTS in twenty different incidents in the Eastern Aegean Sea and in particular from Friday morning the 15th of November until this morning when 730 foreigners landed with boats in the Greek Islands of Lesvos, Chios, Samos, Farmakonisi, Cos and Kastelorizo assisted with traffickers. According with a statement from the Hellenic Coast Guard there were incidents also involving the HCG and Frontex in Alexandroupolis, Lesvos, Chios, Samos, Cos and Kastelorizo. There were also two incidents involving chasing of the traffickers and shooting at the islands of Strongili and Cos. More chasing and arrests in Cos. SHAME! What is the European Union doing on this? The Greek PM Kyriakos Mitsotakis says that’s enough with the MIGRANTS issue and rightly so! The Greek opposition must shut up as they are totally responsible for the bad handling of the MIGRANTS issue, particularly SYRIZA.- We reiterate our position for a Naval Blockade, with a Mandate and Rules of Engagement for the entire Med and Black Seas as the only solution; END OF THE STORY!
Moreover Turkey continued its violations against Greece with 32 intrusions in Greece’s and EU’s airspace including four dog-fighting. Another shame for NATO and the European Union… No excuses!!! And what about the Turkish behaviour on Cyprus’ EEZ and all the despicable threats!
BREXIT “seems” on hold expecting the British elections results on the 12th of December 2019…Cyprus’ EEZ..
Will president Trump go to testify against the accusations he faces on his impeachment?
When are we going to see PEACE in Hong Kong??? The events there are more than worrying…
The main Trade War between the USA and China continues…
The situation in all other fonts remains the same as per our Friday the 15th of November weekly recap.
Have a nice evening and remain on guard from actions emanating by Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean!