The Shipping Markets: Volatility knocks @642

Associations, Comment, Markets, News, Ship Demolitions, Shipping Indices, Stock Markets — By on May 18, 2016 at 10:05 PM
John Faraclas

John Faraclas

Volatility, Volatility Volatility; John Faraclas market briefing on the volatile state of the Shipping Markets and Geopolitics…

The BDI (Baltic Dry Index) closed down three points since yesterday at 642 thanks to the volatile Capers’ losses! The Capers, proving once again that no one can “rely” on them lost, 34 points with the respective BCI 2014 reading at 954 points. Yesterday though Capers gained 134 points, so th drop is more thna significant. There is now more than concern but also a great market to look at…

The Panamaxes though and the respective BPI were up seven points at 611.

The Supras’s BSI up one at 553 but the Handies and its respective BHSI lost three – now standing at 342 points.

Once again: A bad dry market but a great to invest.

On the Wets now with the last published BDTI and BCTI at 736 (up two) and 469 (minus six) respectively completing a bleak market…

The price of WTI is now set to remain above the US$ 45 – reaching now the US$ 48 plus, sends alarms around…

Lay-ups continue although there are problems, particularly in Greece, indeed you read correct, due to existing behaviour and attitude from most of all involved stakeholders, particularly the State and Public ones. Shame! We heard a lot of views in today’s excellent and also unique event at the Piraeus Commercial and Industrial Chamber organised by GREEN4SEA – over 250 attended all four sessions!

Now, we reiterate the view that this is the best market to invest, but we warn on the other hand that with a few exceptions it might be detrimental given the debt factor and geopolitics. If all opt to go for a buying spree, you can imagine same will backfire. Very few will go ahead as we have predicted long before.

See what the Valemax can offer; but how many can afford same?

Many companies have been down-rated and wonder what their risk assessment plan was; looks worrying, but c’est la vie… Expect shoking news to hear in hte very near future!

Once again we repeat that we are living in interesting times! Can you hear the drums of war?

In Geopolitics now, the Migrants saga continues…

Turkey is going over the top with its pestering attitude against Greece’s airspace and sea zone and accidents might happen putting the entire region and the world in uncontrollable as well as uncontained situations! A region to watch!

Add what happens in the wider periphery of Greece and Turkey and see how fragile peace is! We all wait to see the Syrian saga’s outcome…

BREXIT “consumes” and monopolises the news worldwide. As we have written in the past, whatever the result, unless the whole European Union matter is reconsidered, Europe, the Mighty Continent might break up… GREXIT too is on the cards, and once again we reiterate the view that Greece shouldn’t be pushed to the limit as these “testing” might be ultra-counter-productive… With 25 centum unemployment, austerity at its best, taxation to exterminate the poor to medium classes and turn away investors, what do you except to happen in Greece? Here is a question to answer…

Over the Channel, France in turmoil… Demos can spill over and have havoc once again…

In FYROM the June election has been called off… except troubles there too on top of the Migrants saga with the borders of Greece…

ISIS still exists particularly in Syria and Iraq but also expands to other countries such as Libya; wonder why the top guns don’t go for an all-out smashing campaign; what are they really afraid off? Come on, don’t mickey-mouse about!

The US election campaign for the nomination of a Democrat and Republican candidate for the White House continues. Wish it was November now…

China tries to re-assert itself and nearby India and Pakistan “re-think” on Kasmir… are we going to see any mess there again…

…Boxing-Day at the South African parliament… Watch it!

Brazil is expecting to send us a few shocks!

Terrorists might strike and we should all be vigilant!

All in all a turbulent period ahead. Mind the gap…

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