John Faraclas
Another week when the BDI’s losses are hurting…
The BDI (Baltic Dry Index) lost 28 points earlier on today and now at 1,123 points pauses a bit ugly. On a weekly basis the BDI was down 232 points – from 1,355 on the 13th of December… The main cause was once again the Capes… The Geopolitical situation got worse and ultra- caution should be observed as things might go off hand… John Faraclas’ daily and weekly recaps:
The Capes’ BCI lost 18 points a very much of a contained loss given the triple digit losses that recently suffered… and now reads 1,958. The weekly loss was 497 !!! points, down from 2,455 (13/12)… Caution!
The Panamaxes BPI lost 64 points and now reads 1,201 – a whisker away from losing the 1,200 points threshold. The weekly losses were also considerable – minus 266 points from 1,467 (13/12)…
The Supras were also dropping; the BSI lost 21 points and now stands at 743; on a weekly basis the loss was 80 points – down from 823 last week…
The Handies’ BHSI on minimal losses; what a struggle… The four points lost brought the BHSI down to 500 flat… The weekly loss was also minimal; just nine points lost from the 509 points of the 13/12 …
So all in all another week of dry losses very close to the overall losses of last week’s 203 points (from 1,558 on the 6th of December… 435 points wiped off from the BDI in a fortnight…). CAUTION…
The Wets still moving upwards; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,589 – up 29 and 926 – up 15 points respectively. Good returns on a weekly basis for the Dirties; up 149 points from the 1,440 points recorded on the 13/12… The Cleans too were up 34 points from the 892…
The WTI stood at US$ 60.44 – up 47 cents since last week’s (13/12) US$ 60.07… CAUTION as figures above the US$49.99 continue to torn apart the global population of 7.7 billion people who cannot afford these prices… Mind me back in spring / summer 2008 the barrel stood at US$ 147 so we can “sustain” worse situations but loose our lives!!! The US$ 255 (twohundredandfiftyfive) trillion World debt has also to do with oil prices…
In 11 (eleven) days the IMO 2020 comes into force; how ready is the Shipping Industry for this con?
The Geopolitical situation continues to get worse and wonder how people all over Planet Ocean can tackle the forthcoming wars which will spread over in many countries. Again we ask: Does Peace has a chance? I guess NOT as the major powers don’t give a damn for the public… War will be inevitable and those well prepared will see their countrymen go through…
The MIGRANTS still create havoc… Yesterday we told you that more centres are about to be constructed, one of them on Mount Aepos, Chios’ table mountain for yet another 5,000 (five) thousand Migrants… Enough! Whoever contributes in any way one day will sit in the dock!!! CAUTION; NO MORE MIGRANTS not just in Greece but all over Europe…. At the other side of the Atlantic in a few hours president Trump new Defence budget will include a few billions to finalize the Wall between the USA and Mexico!!
In Australia many people are very happy to leave Sydney, as the smoke is terrible! The air quality is very poor and visibility is low – it’s been this way for a month and the bush fires since September! Many people are leaving town just to get some fresh air. It’s really sad how much of the bush has burned. The amount of fires in NSW (New south Wales) that are burning are equal in size to the state of California!
More news in the first update on the faulty line from Gib to Afghanistan and from the Caucuses to the Hon Africa including the latest on Libya and Erdogan’s designs there with the Turkish leader getting off hand with despicable repercussions for all; the entire East Med / Balkans / Middle East mess ; the USA’s internal and external issues and many more. Of course the Trade Wars and some forthcoming USA policies…
Have a nice evening and get ready for a turbulent weekend. Mind the Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean!!!!
