John Faraclas
Falling Dry Markets and rising Wets an issue…
The BDI (Baltic Dry Index) fell 28 points earlier on today and now stands at 2,283. Geopolitics messy and perplexed as ever. John Faraclas’ brief recap:
The Capes’ BCI was down 82 points and now reads 4,456…
The Panamaxes BPI lost a dozen points and now stands at 2,121 points…
Two points down for the Supras’ BSI now at 1,292 and
Same level as yesterday for the Handies’ BHSI at 691…
So, all in all a falling Dry Market which proves unsustainable despite what the analysts say…
In “contrast” the Wets were up; the last published BDTI (Dirties) and BCTI (Cleans) stood at 755 – up 26 points and 453 – up one respectively.
The WTI was down to US$ 59.34 from US$ 62.90 following the ARAMCO attack when same jumped from US$ 54.85 to US$ 62.90 last Monday 16th of September… Caution…
The Geopolitics still have the MIGRANTS as the number one issue and there have been a few meetings but officials haven’t reached any agreements; SHAME!!!! When the shit hits the fan will tell you what happens with all these incapacitated politicians and diplomats. Wake up: ONLY a Naval Blockade with a Mandate and Rules of Engagement can make the trick!! We provoke you for a live debate on this. Turkish president Erdogan threatens to leave loose over a million – in the first phase to come over to the Geek islands and then on to Europe!!! The NATO alliance and the European Union must diminish Erdogan and his likes for this provocative and blackmail stance! Enough is enough.
The East Med mess with the Turks violating Cyprus’ EEZ and conversely the European Union’s will soon backfire and there won’t be any tangible excuse of what might happen in the entire region and in a radius of 2,000 (twothousand) miles… to accept from the Europeans allowing these crimes by president Erdogan. The Greek and Turkish people from what we have noticed in business and shipping meetings in particular wish to live in Peace!
BREXIT might cause major global mess… CAUTION! Meantime the 14th Annual Greek Roadshow begins tomorrow and same will be on until Thursday the 19th of September. This Athens Stock Exchange event comes at no better time given the change of government in Greece and the hope that this is the right time for investors. There will be 31 listed companies high level officials and over 560 one to one meetings. Two Greek minister will speak; Staikouras and Georgiades, watch this space as Greece is turning page!!!!
The ARAMCO attack will not go unnoticed and expect reprisals, mainly more sanctions against Tehran… Wonder what the Russian will do… The Americans are possibly sending their Secretary of State Mike Pompeo in Saudi Arabia… The world though is surprised as to the defences of the attacked installations given its importance for Planet Ocean’s oil supplies… Watch this space…
In the adjacent region now, Israel’s elections might end in a deadlock; tough times for both ex military candidates…
In Hong Kong after 100 days of protests things might get sour. Spin doctors in need to change the image there, but who will and who can undertake this job?
The Trade War continues. America will never back off because of China’s business and commercial patterns…
That’s all for now, more news before midnight; until then 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!
