Further hiccups for the BDI now down at 652…

Comment, Energy, Markets, Reports, Shipping Indices, Stock Markets — By on May 4, 2016 at 8:39 PM
John Faraclas

John Faraclas

The Twist and Turns of this market will multiply its victims; John Faraclas warns, but there is obviously for the few, an optimism…

Down 30 points and the BDI continues to make waves! The Capers, branded as the most volatile of all dry sizes went below the 1, 000 threshold clocking a 101 lost points and the reading says:  BCI 2014 954 points. Tough!

The Panamaxes fall was more modest, just 19 points and the BPI stood at 621 points.

The Supras and Handies tried to remain cool but the first one remained unchanged (BSI@583), the latter down three (BHSI@365)…

Difficult days lay ahead given the low levels of the fixtures and above all the fact that some wise owners fix their tonnage on period suggests that they might wish to mitigate their losses…

The Wets too were on a dropping mood; the last published BDTI (Dirties) and BCTI (Cleans) ended down 13 and 11 points respectively…

The price of WTI tries to maintain a level above the US$ 42… strange things might soon happen affecting the oil prices! Wonder what the oil producers will do with the messy North Africa region and the entire Middle East; be on guard

The Geopolitical front produces more shocks on all fronts every single hour:

The Migrants issue is not aired properly and above all the media are biased. Wonder how people can behave in this inhumane way; wonder why side so much with politicians who accept to be blackmailed”!

The East Med is on fire and on top of everything else, Turkey, which has aspiration in becoming one day a member of the European Union, pesters Greece every single day. One day the shit will hit the fan and wonder who will have the gats to accuse the Greeks of an out of any proportion response at a time the Greeks will choose! Sometimes revenge is a frozen dish that is being given to people like the politicians so they can bite same and break their teeth. Shame on to the European Union’s countries in accepting such a bullying from Turkey towards a members state’s territory by its air force and navy… Remember what Alexander the Great did to clear not only the coast of Anatolia, but beyond that reaching India…

To continue a bit on the East Med and its periphery one has to look for an escalation of hostilities in all fronts; from the Black Sea down to the Persian Gulf…  Nagorno-Karabakh’s war might produce a wider conflagration…

Moreover in Greece there must be a total change of the current regime before same one day is being ousted by the Greek People.  Equally the opposition must end the babyish moron rhetoric… Only a government by aristos can save the day. The Migrants in Greece are being increased too and create havoc all over particularly in the Greek Islands.

Italy too and Malta are also being faced with the same problem!t

On all counts… the  loss of life of all those trying for a better life away from their destroyed nations, is what counts and it is the politicinas , and the business hooligans to blame for!

Africa will slide to anarchy, particularly the North African zone..

In the US, Donald Trumps is set to win the Republicans nomination in the final race to the White House, but Hillary Clinton when she gets the nomination will unleash a woman’s entire wrath!

China plays with the peace and security at the Fiery Cross Reef in the Spratlys in the South China Sea. Let’s see who will really face the music…folk singer Song Zuying makes waves… but…

Steel… too  many problems in India…

Africa; War and Poverty the true wonders; caution…

In South America all set for the Olympics but Dilma Roussef is on trouble, unless she can counter… Can she do it?

Add what we have over the last two weeks warned you for and see how you will navigate in turbulent waters.

In these turbulent waters we eagerly wait to see who will make it given the severity of this unique shipping crisis.

One thing is for sure: we live in interesting times and let’s see the BREXIT issue how it enfolds; for the time being let’s see the  Election of the Mayor of London how it goes…

 

Have a nice evening!

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