The Shipping Markets still in a downturn modus…

Academia, Associations, Environment, Events, Exhibitions, Insurance and Reinsurance, Markets, Military, News, Press and Media, Reports, Scholarships, WISTA - Women in Shipping — By on October 3, 2014 at 11:58 PM
John Faraclas

John Faraclas

For eight weeks now the markets and in particular the dry ones with the respective BDI falling, continue the “struggle” to maintain a level above the 1, 000 points, but only just!  

The wets too continue on the low edge…

In this thirty-eighth weekly recapitulation of the markets and world geopolitics affecting same, tonight Friday the 3rd of October 2014 John Faraclas and AllAboutShipping in London, present you their view and what to expect…

This 1, 037 points of the BDI’s closing earlier this afternoon, is minus four points since yesterday Thursday the 2nd of October, and 12 points down since last week’s 1, 049 points, a 1, 210 points down from December 2013 closing of 2, 247 points – that’s a 53.8 percent fall! 

In less than three months it will be a year since our successful prognosis (we repeat this from last week) of the markets and whatever happens. We wonder what excuses the analysts and the media, who accept and allow these silly views to be aired and affect, via “their” influence, the markets, have to say…

  • The BCI closed down 30 points since yesterday at 1, 758 and 94 points down from the 1, 852 level of last week!
  • The BPI was up eight points at 887 points since yesterday, which is also up 80 points since last week’s 807 points; the only “positive” let’s say size… and “performance”…
  • The BSI was down five points at 1, 028 which is also down 25 points since last week’s 1, 053 points.  
  • The BHSI was down just one point at 530 and up four points since last week’s 526…

So, once again, for a second week in a row, a downwards dry market.-

The wets on the other hand,  once again produced mixed …feelings, the dirty and its respective index,  the BDTI, remained unchanged at 639 points but was up 31 points since last week’s 608; something to be “happy”… The cleans and the respective BCTI closed down three points at 575 since its last closing, but up 21 points from last week’s 554 points…

On the World Stage now:

  • Ukraine looks close to another western fiasco, but when two ships collide, then, the both to blame collision applies; try to interpret this…in this latest clash…
  • The entire Middle East and its periphery is getting into more mess! The ISiL’s latest, producing the expecting upheaval and there will be will soon more tremors. The Islamic State issues, very clearly, is what we should expect… Be braced for despicable situations… Wonder those supposed to be aides to President Obama and other “coalition” member states Presidents and Prime Ministers against ISiL, what they really preserve and where they are heading the world…unless they “want” with their policy and tactics they advise to see more beheadings. It is a must to saw zero tolerance, but there are other ways to completely defeat ISil! We have to smash these inhumane group before it spreads more and creates more sympathisers!
  • Libya: What a state of affairs…
  • Europe: the mess continues. Greece soon will produce bigger  tremors… Spain and at lest five more nations  will make or break… Other European nations are struggling – better say all of Europe, within or outside the Eurozone which has colossal problems…to tackle very soon! Unemployment being the most important one! Foreign Policy and Shipping/Trade yet another!
  • The Far East with the Hong Kong saga still on, will produce a big shake up in the region… 
  • In Africa: It seems that now society is coming to terms with the seriousness on the Ebola cases which begun to spread…

As said last week, the big alert is nearly everywhere and options should be watched worldwide, not just in the UK and countries on ISiL’s target list… We repeat what we repeated/wrote last week: a pre-emptive intervention is a must, not just by airstrikes and proxy wars/support!  We must end this mess before it’s too late…

  • On Illegal Immigration… Over 1, 000 illegal immigrants entered Europe last week with boats; who’s to blame?  
  • The Lloyd’s List Global Awards in west London was simply great, honouring the great and important people in the industry.
  • Fathom’s Ship Efficiency two day event at the QEII Conference Centre 1-2 October was more than an efficient event; bravo to the organisers and all participants; speakers, sponsors and supporters. What was said and debated will govern us for the next 25 years. Are we ready for eco shipping, as eco ships is yet a different issue?
  • Shipping in the 21st Century  – Preparing the Industry for the Future is ante portas at the Evgenidion Foundation in Athens. The Maria Tsakos Foundation in association with Capital Link promises a great debate!
  • As reminded you last week the Countdown on WISTA-Cyprus 2014 International Conference for 7-10 October 2014 continues. The big Connecting event is on its way! It promises to be a great debate on the island of Aphrodite and very close to the war zone… A chance to take the lead from there and address the Peace issue…
  • Don’t forget the three events of Capital Link; one in New York on 23 October under “Dissect ETF’s Forum”, then 4th Annual Shipping & Offshore CSR forum in London and the New York event on the 1st of December on the 16th Annual Greek Investors Forum. Book early to avoid disappointment…
  • Intermodal Europe 2014  is on the 11-13 November in Rotterdam Ahoy; a promising as always event!
  • Cadwallader’s organised by the London Shipping Law Centre is on the 25th of November and let’s see where the Dr. Sheppard’s faithful lead us!
  • On another tone now…the fifteenth tip for our summer vacation, is the Falkland Islands; an expedition much needed for a change to get some fresh air… and see what’s going on in the south hemisphere…
  • Enjoy the weekend!

You can log on here below to watch the live video once same is available.-

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