The Shipping Industry and the markets: Discipline to all intents and purposes…

Markets, News, Ports & Terminals — By on October 21, 2013 at 6:59 PM
View of the Port of Piraeus - Ferry basin, picture by Anny Zade

View of the Port of Piraeus – the Cruise and Ferry basin, picture by Anny Zade

John Faraclas’ weekly live interview to Lilian Margaritis of SBC TV last Friday the 18th of October 2013 confirmed once again his predictions and fears of the falling markets…

With the BDI  down to 1901 points and the Capers down 609 points in a week, things couldn’t go worse with the medium to small sizes… doing a bit better. The wets too are a big question with the exemption of the dirty cargoes and conversely the BDI …climbing to 617 points from 594 in a week’s time… Mrs. Margaritis agreed and reconfirmed Faraclas’ fears and prediction for the short term, asking when the markets will do well in the long term with Faraclas reiterating the view of 2020 (twentytwenty) being the year to look for the promising and profitable change, unless something else happens..-

Others issues where the shipyards worldwide with the Greek Shipyards being specifically “targeted” by Faraclas  stating that bad unionism is to blame for the state of Greece’s Shipyards and that the Greek state was never RWA to sell and private Greece’s shipyards, particularly the ailing but important Scaramanga Shipyards.

The state of the greek ports was also fully covered with Faraclas mentioning the need to harmonise same and make them compatible with the new needs as well as to be able to receive the modern tonnage and the intermodalism that will greatly help Greece and its periphery of over 350 million people.

The new mergers and acquisitions with the P3 group, Maersk, CMA CGM and MSC latest event of merging creating a new scenario… was also discussed.

 

The above and other matters which can be heard in the video which follows here below and soon with subtitles in English. We look forward to your written comments.

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