Caution as the BDI reaches 471…

Markets, News — By on April 4, 2016 at 11:04 PM
John Faraclas

John Faraclas

You can imagine what possible discussions take place over the last few hours between ship-owners and their lawyers, bankers and fund managers, stock markets, shipbrokers and charterers, demo-yards, you name it  as the Baltic Dry Index  (BDI) “climbs” to 471 points, which on the other hand is far beyond the December 2013 closing of 2, 274 points ( minus 1803) and the highs of 20 May 2008 just before Posidonia  at 11, 793 points (minus 11, 322), to slip further and avoid the consequences on non-performing and all that surrounding the coming of the inevitable…; John Faraclas writes:

Another double digit plus today and the BDI stood at lunch time at 471 points (up 21 since last Friday). The Capers and the Panamaxes saw their respective indices the BCI 2014 and BDI gain 79 and 28 points respectively now standing at 424 and 563… These figures though don’t make sense as a healthy upwards market must have at worse, all four indices on a double digit.  The BSI (Supras) close at 479 – that is just three points up and the BHSI – Handies at 274 – that is only two points up… you can comment if you wish…

The Wets proved “losers” with the last published BDTI and BCTI at 833 (minus seven) and 495 (no change) respectively.

The Price of oil, the WTI struggles to maintain a level close to US$ 36… volatility, uncertainty and “play-offs” in the last minutes create havoc in the oil markets which conversely influence the trade, the tankers fixture, and the world economy and security…

On the Geopolitical front now:

The Migrants issue goes messier and the despicable events on the island of Chios in Greece’s Eastern Aegean should never ever be repeated as I can assure you, the shit will hit the fan. It goes without saying that without any further delay a judicial committee should act swiftly and punish with the worse punishment all those involved without any exemption, or else; this is a warning as we heard a lot for a revenge from the public – do please make a not on this issue. Overall a worse situ all over Europe and as many times we have put it on canvas there wasn’t any RWAD from any party involved. Brussels hypocrisy on the issue is monumental; the Turkish one too! Whatever the planning for specialist personnel to aid the Greeks and Turks, nothing as yet was in place – percentage-wise only ten centum… Any excuses is simple shameful, null and void.-

The continuation of the Syrian adventure and the ISIS still alive and kicking must end; the sooner the better.

Good to see the Brussels airport, Zaventem resuming slowly slowly its operation. We repeat though that we must soon, very soon see all airports worldwide become really safer; it will help unemployment  too as many jobs will be created…

The Azeris unilateral ceasefire to the Armenians over the Nagorno-Karabakh region must be carefully observed from all nations and religions involved. This is a very delicate issue and must end before in drugs-in the entire periphery with a major conflagration-proxy war; you dead well know what I mean…

In Greece the coalition government must break – I have numerous time written and said live on TV and other media means, that it is a must make or break. Time to break. The opposition though how sure is that can save the Greeks? I guess the aristos to whom I believe they can do it, must be appointed and save the day, not only for Greece and its people, but for Europe and the entire World. The petty tricks Greece’s prime minister as well as the Troika and in particular the IMF are using can backfire. In the meantime, wonder if GREXIT still remains in the cards…

The latest financial scandal engulfing Planet Ocean is well known and obviously in some cases you need two in a tango. But employing irony and becoming more cynical, what is Mrs. Angela Merkel and her trusted lieutenant Herr Wolfgang Schauble has to say for all this mess? Same applies for the rest of Europe’s leaders – and for others too. You cannot accuse the Greeks and others and make them scapegoats and continue to defraud the system, eh! Ah! Wonder Mrs. Lagarde has to say?

BREXIT leads the pools but you never ever know. A very close game indeed and it remains to be seen the consequences irrespective which side wins…

Ninja militia in Congo will cause problems and must immy be halted…

Vietnam plays with fire and if China shows zero tolerance, expect the US to step in…

Will the famous three leases to Adani make Australia mine flourish?

Wonder what President Obama has to say on all this mess… and what Vadimir Putin counters…and encounter!

Have a nice evening and be on guard; things will go from worse to worse; pause and get ready to tackle your colossal issues tomorrow, and the day after tomorrow and so forth…

P.S. Be reminded that this is the best market to get involved and invest in shipping!

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