The BDI struggles to remain afloat at 516…

Banking, Chartering, Dry Bulkcarriers, Energy, Environment, Finance, Fixtures, Gas, Gas Carriers, LNG, LPG, Markets, News, Oil Industry, Oil Platforms and Rigs, Sales and Purchases, Ship Demolitions, Shipfinance, Shipping Indices, Statistics, Stock Markets, Trade and Commerce — By on February 24, 2015 at 11:16 PM
The Baltic Exchange

The Baltic Exchange

BDI up 4 at 516…and fits well

I do feel great comfort in my Levis 516; it fits well like the BDI, what do you have to say, eh!

Today’s figures confirm once again our two year old prediction that there is no sustainability in the markets. In January 2014 I had vehemently objected all the niceties brokers and financiers have been saying and the media (their birddogs) printing of a good market to come. Here we are at 516 in the main index and the wets too are on the low edge. So where do we go from here?

BCI down 9 now standing at 534 points; BPI up 2 at 514 points; BSI down 2 at 490 and BHSI up 8 at 274…

BDTI down 2 at 838 and BCTI up 18 – hurray – at 618, that fits and feels better… 

The oval which replaced the cycle and the non-performance of commodities to the levels hedged, coupled with uncertainty can lead to lay-ups, bankruptcies and auction and will to a certain extent surprise many listed companies. Add the turmoil in geopolitics and the financial markets, add globalisation, add the messy Eurozone – by the way Greece is NOT the issue Nor the problem. Did I hear you say BRICS? Only China is performing – now underperforming; all the others are in a mess – I can entertain you live if you disagree on this issue and then you tell me in the open…if you dare your view.  Remember, statistics is one thing, performance yet another! Demolition you say? we luck 35 centum behind on this front!

The panel at the session on Shipping & the Equity Capital Markets moderated by Lawrence Rutkoswski on the left

The panel at the session on Shipping & the Equity Capital Markets moderated by Lawrence Rutkoswski on the left

It was good to hear the latest deliberations at the super Capital Link’s 6th Annual Greek Shipping Forum, “Opportunities & Challenges”,  and lets see who was right and who wrong. Time will tell. Will revert soon on this very special event.

Enjoy the rest of the Festivities f the Chinese New Year

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