The BDI@624 shakes the foundations…

Airline Industry, Aviation, Breaking News, Markets, Organisations, Shipping Indices, Statistics, Stock Markets, Trade and Commerce — By on May 23, 2016 at 11:13 PM
John Faraclas

John Faraclas

It is not always the figures, but the results that make the difference in any given market and situation… John Faraclas shipping market briefing:

The BDI (Baltic Dry Index) just lost one point today and at 624 creates havoc in the markets.

The volatile Capers and its respective BCI 2014 remained the same at 870 points, whilst the Panamaxes went down three clocking 611.

The Supras’ BSI gained three and now stands at 565 points, whilst the Handies’ BHSI gained just one – now standing at 344.

All in all: table to uncertain dry markets and we warn you to be on guard, as this time both the oil prices as well as geopolitics call the shots of this low market which has tremendous repercussions for the Global Economy and Peace!

The Wets also in disarray with mixed results: the last published BDTI and BCTI were minus three – at 744, and plus seven – at 480 points respectively, with the WTI down to region US$ 47… creating difficulties all over!

One thing that we must all expedite is that the last month there is not a proper if I may say correlation bewteen the BDI and the freight rates, t/c’s or freight ones…

Many bankruptcies are being heard and many renegotiations of loans. One thing is for sure, the analysts make it once again a total mess! Be on guard! Big business for law firms and negotiators. Troubles in shipyards. Many will possibly seat on the dock…

On another warning note it will be a great opportunity for all visiting Posidonia this June to verify the technological strides for more modern tonnage that the yards will built and which will turn the Markets upside down…

Wonder what will be the effect in the Stock Markets and Exhanges…

The Geopolitical front is too tensed:

The Syrian saga now begins to be nasty… In the absence of good diplomacy, one needs high level of determination and combat knowledge/skills to make a long lasting deal, as otherwise my dead damn feeling leads to a total conflagration in the entire region; might be beyond that… We have not just hinted what else to expect, but take the time and read many of our previous reports during the last twelve months and see what’s coming up!

The World Humanitarian Summit in Istanbul opened the Pandora’s Box: Mrs, Merkel is unhappy with the Turkish performance on all fronts and wonder what’s going to happen…. Turkish jets continued – even yesterday despite the gathering and Erdogan’s – Tsipras’ meeting, to violate Greece’s airspace, clearly suggesting Turkey needs another language to understand… It could have been the perfect moment to see, at least the European and NATO leaders issue a communiqué condemning the host nation for violating another member’s airspace and Europe’s too… Awaiting Nemesis! The Migrants issue goes from worse to worse in its entirety… Things might turn nasty in Turkey’s wider region/periphery… Needless to say Angela Merkel’s concern about Turkish politics and democracy vis-à-vis lifting MP’s immunity… Very childish and provocative attitude from Erdogan with respect his invitation of the non-recognised morphoma in northern Cyprus and its leader to dinner, infuriating Cyprus legitimate and international acknowledged president Anastassiades not participating and walking out…

Greek MP’s voted for yet another loan and despicable measures and I guess that unless something spectacular happens to oust all 300 MPs, the country sooner or later would slide to anarchy and eventual total GREXIT.  Greece continues to be pestered by its lenders and wonder when the Greek public reacts in its historic way and custom– Alexander the Great’s style… cutting the economic “Gordian knot” leaving the Germans wondering and the IMF in tatters; not to say the entire world! We have witnessed some excellent exchanges of great views and solutions from many sides and think-tanks, but sorry to say until now there is no moral to break the impulse and excite so to speak the Greek public in peacefully ousting the instigators and perpetrators of this modern Greek tragedy! I do hope though that somehow, the shit will hit the fan… And it wil not be Sympathy for the Devils, but something far worse…

The BREXIT issue is now at its most crucial point and I am sure David Cameron would strike a good deal for the British people, otherwise expect another messy outcome for Europe, even if  BREXIT doesn’t happens; too complicated issues.

Austria just managed, but the reality bites; a warning for all in Europe…

President Putin is expected at the end of the week in Athens for a two-day official visit, whilst the Patriarch of Moscow and All Russia visit the Holy Mountain of Aghion Oros in Greece for the One Thousand Years of Russian Orthodox monastic presence there. The Greeks and in particular the Byzantine Emperors Christianised the Slavs… (Russians and Ukrainians in particular). An important issue and fact!

Many continue to be lost and thousands rescued off the coast of Libya in their effort to reach Europe – Italy… Shame

China pursues another agenda and leaps ahead in science… but what about the projection of the Chinese Economy and trade…

Vietnam is pleased with president Obama’s decision to lift the arms embargo… whilst the fight for the White House continues…

Terrorists of all kinds will strike again unless we swiftly exterminate them; a must given of what we have recently suffered, not only in Paris, or Brussels, but in Bagdad too! Good job done in getting rid of Mullah Akhtar Mansour, in a US drone strike inside Pakistan which might raise many eyebrows, but… Terrorism and Migrants are two issues which one way or another must be solved! Equally the World Economic Chaos…

Contradictions appear now on the version of events between the Egyptian and Greek Air accident investigators on the events about the crashed MS804 Egypt Air flight from Paris to Cairo which seems per what the Egyptians say it didn’t swerve…  We will eagerly wait to see what really happened!

Venezuela in more mess. Only Diet Coca Cola, what about Zero… The end is approaching for president Maduro; wonder who really keeps him in power and why… You dead well know what I mean.

Posidonia are approaching and a great statement by UGS’s President was aired today– you can read same in the site…

Enough for a Monday night… tomorrow is another day!

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