The low* in the Shipping Markets is still here…

Associations, European Union, News, Piracy and Terrorism, Politics and Government — By on February 20, 2015 at 11:23 PM
John Faraclas

John Faraclas

The Chinese New Year is here with us since yesterday and the year of the sheep might be beneficial for ships too; you never ever know as it depends from which side of the equation you interpret this…

Our eighth  weekly recapitulation of the shipping markets, their respective main indices and world geopolitics affecting same in 2015, tonight Friday the 20th of February, with John Faraclas of AllAboutShipping in London.

Once again we continued to bring you extra market news with the BDI and geopolitics, more or less  all through last week…as the situation remains critical in all fronts…

  • The BDI closed up just 2  points since yesterday Thursday the 19 February 2015 at 513 points earlier this afternoon, which is 27 points down since last week’s 530 points; the lowest ever was recorded on Wednesday the 18th of February at 509 points!
  • The BCI closed up also two points at 542, which is 88 points down since last week’s 630; what a drop!  
  • The BPI was down just 2 points at 514 which on the other hand is up 15 points since last weeks 499 points – when is went under the 500 point barrier…  
  •  The BSI was up 7 points at 490 which a plus of 4 points since last week’s 486 points!
  • The BHSI was up 3 points at 270, which minus 16 points since last week’s 286 points.-
  • A very strange market and it remains to be seen what the aftermath of the Chinese New Year will bring as well as the explosive geopolitics and their multiple of different as well as dangerous issues…
  • On the wets now, the latest published BDTI was down 4 points at 841,  which is 26 points down since last week’s 867 points.The Cleans and the respective BCTI though was up nine points at 600 which is 18 points plus since last week’s 582 points; strange market here too.
  • Accordingly, we reiterate that this is the best time to enter shipping!
  • The price of Brent is at the region US$ 60 plus. 
  •  The Liner trade continues to make waves with mergers and joint ventures…

On the Geopolitical front:

  • The entire world re-focuses on Russia and its behaviour as well as in the areas surrounding today’s Russia and coincide with the former Soviet Union. The Ukrainian saga continues despite the peace “deal”. One thing is for sure: Russia flexes its muscles…
  • Once again Europe, Greece and Germany in particular are still in the spot light and as we speak the meeting with Greece and its creditors continues. We shall see what comes up at the end of the day and if this is a deal for the entire Europe and then we will bring you our analysis!
  • Now on a more hard criticism, constructive as always, as Mrs. Merkel talks about Mutuality, somebody has to explain her as well as to Mr. Schaeuble  what do we mean in Shipping about Mutuality in the P & I Clubs. As we do things far better than all this lot put together, I am sure somebody from the German Shipping fraternity will explain them. A square deal with Greece is a must. Nobody negotiates and or deals with the other side, no matter what, under duress, as experience tells me that the party under duress one day can make the happening –  you dead well don’t know what I mean…so let’s be mutually nice to each other, as you never ever know when the shit hits the fan… how many skeletons will come out from the German cupboard…
  • Libya, Egypt and in general the North Africa coast, the Middle East and its periphery up to Afghanistan are in a mess…
  • Too many Immigrants and their fate bother us and this must stop, as well as ISIS behaviour…

*Low: Low in meteorology brings cyclogenesis  with whatever this entails and metaphorically speaking, can bring hell in the financial markets…

Have a nice weekend and log on herebelow to watch the live reporting:

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