Despite Capers’ volatile rise, the markets are down

Dry Bulkcarriers, Energy, Environment, Events, Conferences,Forums and Symposiums, Markets, Military, Piracy and Terrorism, Shipfinance, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce — By on October 28, 2016 at 11:26 PM
John Faraclas

John Faraclas

The BDI (Baltic Dry Index) closed up 36 points since yesterday at 834, over and above the 800 threshold; on a weekly basis though the BDI was down eight point from last week’s 842 points. The Geopolitics are building up an unprecedented situation which will shake the entire world from its foundations. John Faraclas’ weekly recap:

The BCI 2014 experienced an unusual for the period rise – a volatile one in the tune of 169 points since yesterday which is though 158 points down since last Friday’s 1,575. It is indeed a good rise and a good end of the week’s finale, but…

The Panamaxes paid the damage with the BPI losing eight points since yesterday – now reading 913, and two points down since last week’s 915 points. There are many insisting that the Panamaxes of all types might soon go above the 1,000 point mark, but obviously the last word remains with the Capers. Personally I have a feeling that we might soon see the Panamaxes gaining more ground…

The Supras’ BSI gained another three points since yesterday – now reading 722, and 22 points plus from last week’s 700…

The Handies’ BHSI was up just one point at 433 and six points plus since last Friday’s 427 points.

So, from what we have on canvas, still a low dry market and the dilemma is whether we have to support and contribute to the loss making tonnage or lay them – these are expensive decisions…

The Wets now dropped a bit; the last published BDTI (Dirties) was down a point at 657 and the BCTI (Cleans) also down another four points. On a weekly basis, the Dirties lost 35 points (from 692 last week), and the Cleans gained four from 422. Tough game here too.

Awaiting to see the first signs of Container Shipping’s consolidation before the trade goes busted! The Reefer trade too, being based and adapted to containers, is another worry too…

LNG and LPG markets have a long way to go too; interesting investments, but the energy jargon cuts short their take off…

The price of WTI dropped below the US$ 49 and becomes interesting. The geopolitics will determine what happens, but think what if we all go for the alternative sources of energy: sun, sea and wind… We dead well know that by opting to the alternative sources of energy, Big Money will change hands, and why not. Investors and major conglomerates can find major alternative earnings – and in my view why not, so long as this is more ethical and really eco-friendly benefiting the seven plus billion on Planet Ocean…

It is always who’s gone to lose, but this is life every 500 years: major changes! We support better quality of life and there will be obviously profits from the other sources of energy – that’s for sure.

We were more than pleased to attend Prof. Helen Thanopoulou’s speech at CASS Business School last night. She did made the difference and hopefully there will be gains from listening this talk. Today she delivered her paper in Cardiff – the very familiar city of her career!

Moreover viewers can read Prof. Alec Coutroubis’ points on Shipfinance and the Global Banks exposure rings another bell…

We hear and witness many owners’ inability to pay their crew and office personnel and that is very serious. We hear of many bankruptcies  looming in the background…

We also here of many banks that are closing down, not only in shipping but from other lending activities’ sectors…

The Geopolitical front will imminently become uncontrollable. It not an issue of getting back to a Cold War era, as Communism has been defeated. The Architects of the new mess must find something else as an excuse! Sorry, but with all due respect some have got it completely wrong!

The MIGRANTS mess continues with Migrants from Calais pouring the streets of Paris. What a palaver. Elsewhere the Migrants saga continues and Turkey might “change” its mind with its despicable blackmail tactics and create more Migrants mess all over. The Greek Islands and Greece in general cannot have all these poor people stranded because of Turkish blackmail and EU’s inhumane policies – basically the EU, as we have numerous times stressed, cannot get its act together. Italy too continues to receive Migrants… terrible!

Let’s see what the respective EU Commissioner can deliver!

The Syrian saga will soon become intolerable for all, repeat for all and the entire Middle East – East Med will be burnt-out!

Black Sea manoeuvres for all there with the Ukrainian issue still unresolved … Caution…

BREXIT leads all other issues as the impact for the next ten years will be far greater than initially thought. We still believe that Mrs. May and the people of the United Kingdom will “return” triumphant!

GREXIT as said in the past is still on the cards and Greece will become everybody’d major issue if Mrs. Merkel doesn’t cut the nonsense and if she continues with her faithful lieutenant (that’s Dr. Wolfgang Schäuble) strangulating Greece and others, this bulling will backfire – just wait and see the end result!

At the other side of the Atlantic the US election is entering the most delicate phase and the lead is very limited for Mrs. Clinton. She has to counter to all uncertainties on these “famous” infamous emails or else. Obviously she’s far better in our view from Donald Trump, but she must convince more people right now!

China’s economy needs a makeover as if it remains in this modus very soon we will experience a major crash in the Far East. As stated in recent reporting, Japan must do its best to counter the cataclysmic situ in the region.

India for the time being needs a major streamlining to follow the events.

Africa engulfed with too many problems…

Latin Central and South America with their own syndromes – particularly in giving an end to corruption…

A glimpse of hope is Australia…

We are warning all that we must be ready to defend the free uncorrupted capitalist world from the lazy state-hooligans demanding everything through tax for them to get their wages paid and destroy the world – all of us! The free world must unite on this fight! Indeed we must fight corruption, but becoming more royal than the royals, it’s an anathema and same will destroy the world as we knew it! Caution and pragmatism must rule the day!

Katerina Nomikou with HESGB president Dimitris Monioudis

Katerina Nomikou with HESGB president Dimitris Monioudis

We just attended an interesting presentation / seminar, organised by the HESGB (Hellenic Engineers Society of Great Britain) in London’s Hellenic Centre, by lawyer Katerina Nomikou from Gunner Cooke LLP on tax and other issues for the UK and Greece and how same affects Greeks.. It seems the law makers must become pragmatic  and humane on tax issues… That applies for the entire Planet Ocean!

An interesting week is ahead of us, and we warn of the looming dangers.

Have a nice weekend!

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