Market Indices continue on a plus mode; but…

Associations, Banking, Markets, Politics and Government, Reports, Shipping Indices, Statistics — By on November 14, 2016 at 11:50 PM
John Faraclas

John Faraclas

All the Baltic’s Indices were on a plus mode; be cautious though as Geopolitics are about to change… John Faraclas daily briefing:

The BDI (Baltic Dry Index) gained another 20 points since last Friday the 11th of November and now reads 1.065; geopolitics though are demanding, pausing strange issues which will for sure affect the markets. Volatility will continue with many ups and downs, so be cautious…

The Capers were up with a modest 35 points, bringing the BCI 2014 to 2,338 points.

The Panamaxes did better with 47 points plus reaching the 1.058 points – gaining the upper ground over and above the 1,000 point threshold…

The Supras gained only two points and now the BSI stands at 707 points…

The Handies’ BHSI was also on a plus five points at 433…

So all in all the Dries did well, but we exercise caution; it is not yet the time to celebrate! It will take a very long time. Delete the 5 and 6,000 points time. Be happy if you break-even and your bank doesn’t move to foreclose…

Senior Analyst William Bennett at VesselsValue has recently put together a report looking at the top 5 Biggest Dry Bulk Spenders (see attached).

With Dry Bulk market values currently in the lowest 10% of all observed values since the start of 2007, these owners are turning the current state of the market into a financial opportunity. They have spent close to $1 billion over the last 12 months. Log on herebelow to read this interesting report and do please comment at your earliest convenience:  VV 5 Biggest Spenders

The Wets were also on a plus modus; the last published BDTI (Dirties) and the BCTI (Cleans) stood at 750 (up six) and 395 (up four) respectively…

The WTI was a fraction below the US$ 44… Caution…

The Geopolitical front “seems” quite, but in reality the situation is warming up for unbelievable things to come! Be on guard! The hot issues remain the same: MIGRANTS, the post USA election situ, BREXIT, Greece, Syria and ISIS… Other issues too, coupled with those mentioned can trigger mess… B e   o n   G u a r d !!

The BHCC (British Hellenic Chamberof Commerce)  annual event at Lloyd’s of London earlier on tonight was more than a success; entitled “Greece: The Financial Overview and investment opportunities” it attracted over 120 guests from all over Planet Ocean, amongst them a great number of shipping people… Congrats to Harris Ikonomopoulos and his team for successfully organising same with the Hellenic Observatory at the LSE! The catchphrases being: trust and transparency! We will revert with a full account on the event which MUST be repeated!

All the eyes are now focusing on Obama’s visit to Athens tomorrow. Lets’ see what happens…

Have a nice evening and continue to be on guard. Things look different and more than floating; uncertainty the name of the game; chaos will soon rule… The history of humanity at the cross roads…

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