BDI falls amid the beginning of world’s worst economic crash

Dry Bulkcarriers, Energy, Environment, Gas, LNG, Markets, News, Shipfinance, Shipping Indices, Statistics, Stock Markets, Tankers — By on October 13, 2016 at 9:10 PM
John Faraclas

John Faraclas

It comes to no surprise here as well as to our faithful international readership today’s Capers fall of 136 points since yesterday bringing the BDI down to 885 points – that’s down 21 points; in the geopolitical front pre-emptive testing of nerves between the superpowers and their allies has begun, equally no surprise at all. John Faraclas daily recap:

The Capers approach the dangerous zone of 2,000 points, closed down at 2,018 and not just caution is essential here, but even more…

The Panamaxes on the other hand had another good day with 27 plus points bringing the BPI at 790 points…

Minus one point for the Supras’ BSI now at 673 points…

The Handies’ BHSI gained just two points now reading 410 points.

So all in all a falling Dry Market though, as we have stressed, one size doesn’t constitute a Market for all. Today’s events in the Dry Markets saw also owners resigning, others being in legal trouble and others not knowing when and how to protect themselves from their coming bankruptcies… The vents that we foresee due to geopolitics will be cataclysmic!

The Wet Markets were a bit on the plus; the last published BDTI (Dirties) and BCTI (Cleans) were up eight and six points respectively at 641 and 367 points.

The WTI last night didn’t manage to maintain the US$ 50 plus and slightly fall over night – our figures are based on GMT/BST.- Now as you read these lines the WTI stands at US$ 50.22 having gone a bit under most of the day…

Never underestimate the energy issues and patterns of energy- the ASE (Alternative Sources of Energy pauses the biggest threat of the current means…- you dead well know what I mean)… It is NOT just the environment; it is something beyond that…

As said in the preamble of this report, today was the beginning of more tough times in the Shipping industry itself. Have a go and read today’s daily press – electronic or otherwise and you will see…

In the Geopolitical front be braced for the inevitable; Planet Ocean is on fire – in our view ever since the fall of the Iron Curtain, but the West was Mickey Mousing about…

The MIGRANTS issue continue and will continue for the foreseeable future.

The Syrian saga NOW begins!

Turkey might slide into chaos per various analysts at the other side of the Atlantic…

The Russians are about to execute their long term planning in all fronts…

The BREXIT causes tsunamis in all fronts… The GBP (Pound Sterling) makes waves – depending from what side you observe it…

Germany will now get the hard way the appropriate message of messing up with Europe and trying to surpass the United Kingdom…

France in a total confusion in many fronts…

Greece continues to get more and more in the mud of political madness… Europe too continues to be unfair with the Greeks… The time though for an unprecedented change is about to come in a very hard-core way…for both!

The Clinton – Trump ridiculation continues; can we trust these people as leaders? How does the international public take Putin’s threat that its War if Ms. Clinton gets elected?

American Warships in defence fired against hostile missile targets in the straits of Bar al-Manbad. Iran in sending ships…

Piracy is slightly down, Terrorism though still looms in the high seas, not to mention offshore – you dead well know what I mean!

Europe at large and in particular the European Union in total mess!

China tries to avoid the collapse of its economy which will affect directly affect half of the planet. Japan is closely watching…

Religion continues to be another anathema, as a factor of War and not that of Peace

The above and other important news will be greatly analysed tomorrow in our weekly major recap; until then take care, be on guard and above all: be prepared for every eventuality!

Last but not least, this is the best time to acquire tonnage, despite this tempest. This is the best ever buyers’ market we have ever witnessed! It’s when the going gets tough that the shipping adventure really makes sense! We love this situation and we are open for serious discussions to assist major shipping groups (listed or unlisted), banks and funds, even the stock markets how to alleviate the current financial pain which will for sure soon become a catastrophe with the coming Armageddon!

 

Have a nice evening!

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