The World’s on edge and market volatility creates further uncertainty

John Faraclas

The Allaboutshipping.co.uk’s ninth overview and recap of the Shipping Markets and the World’s various situations  for 2014 with John Faraclas:

The BDI still down 684 points from the 2, 227 – the last closing of 2013, which is nearly  31 centum down; still this percentage speaks of itself in exactly two months of the real state of the markets, given the case of the Capers which were up 896 points to 2, 980 from last weeks 2, 084! What a volatile market!

The BDI closed earlier on this afternoon at 1, 543 points, up 63 points since yesterday and 285 plus from last week’s 1, 258 points.

The Capes as said above pushed the general index up, but I reiterate my view that one category alone cannot create and obviously have a sustainable market.

I maintain this view and I am sure fellow pragmatic analysts will share my worries given that the  Panamaxes and their respective BPI which closed at 1, 075 is the real pulse of the market, OK fine up 19 points since yesterday but – 24 since last week’s 1, 099.

The BSI was at 1, 131 up 9 since yesterday and up 28 since last week. The BHSI remained flat at 663 but minus 3 from last week’s 669 points.

The wets continued the overall downfall with the BDTI  down to 695 points – 7 since yesterday and minus 42 from last week’s 737 points. Equally the BCTI the cleans where down at 623 – 2 since yesterday and – 7 since the 630 of last Friday.

The Ukrainian saga – with a lot of happenings today, the Panama Canal progress towards a sustainable deal leading to the opening and avoiding further delays detrimental to shipping et al, the situ in all BRICS countries, The European economies major problems, with that down south in the Med being still the most dangerous one, the Paralympics, The EIRA report and Women’s International Day tomorrow, can be seen in the video herebelow; have a nice weekend: