Flattened BDI@800; ground zero on Geopolitics

Markets, News, Reports, Shipping Indices, Statistics, Stock Markets — By on January 31, 2017 at 6:54 PM

John Faraclas – picture credits Panagiotis Tsakos Photography –

The latest closing of the BDI not only sends alarming bells but coupled with the enfolding geopolitical chaos might create a multiple of ground zeros all over; John Faraclas’ daily briefing:

With minus 16 points the BDI (Baltic Dry Index) might break downwards another threshold, that of the …safe heavens of 800 points; the repercussions are incalculable, yet we are optimistic that there will be a breakthrough, but not, repeat NOT for all…

The ever volatile Capers’ BCI 2014 lost 38 points since yesterday and now reads 1,167 points.

The Panamaxes BPI down 13 at 951…

The Supras’ BSI down nine at 679 and

The Handies’ BHSI with slightly widen losses at 401 – that’s down 13 points!!

The Wets too continued their downwards trend; the last BDTI (Dirties) and BCTI (Cleans) lost 16 and eight points respectively now reading 930 and 606…

The Box trade awaits the verdict…

The WTI as these lines are being written stands at US$ 52,84 – if it continues to go over the US$ 53, for sure it will create discontent to the masses… We have given our view about the detrimental effects to the public’s well-being, particularly to the poor AND to businesses, and we will stay put for whatever happens – it will be a social upturn with whatever this entails!

On the Geopolitical front now:

The MIGRANTS becomes top of the pops issue all over Planet Ocean. D e s p i c a b l e things happen as you read these lines all over and particularly in Europe and the Middle East. Shame!

The Syrian and Iraqi saga continue and more is yet to come.

ISIS continues to exists, what a palaver…

Turkey, the country to watch, creates more troubles in the entire region. Turkey must abide by the rules of international law and good neighbouring; end of the story, or else!

Israel is cautious with the Iranian missile tests and its government will pursue for the sanctions to remain… Let’s see what president Trump does.

Russia has quite a lot to deal with in the entire region… Add the flare-up in Ukraine and Planet Ocean Putin’s politics and see what you get…

Greece is also another country to watch and we have warned long ago of unprecedented things to take place due to internal and external factors.

Italy is getting financially uncomfortable; so does France, not to mention Germany… the Mighty Continent suffers from the BREXIT and all EXITs to happen…

BREXIT itself will re-write history! Just wait and see…

At the other side of the Atlantic in the USA, president Trump has his own way to overhaul his country and conversely Planet Ocean. From desire though to reality though there are a lot of twists and turns…

China is deep down celebrating the Year of the Rooster and thereafter the trouble begins…

In South America hot news from Brazil following one of its richest men being now in a high security prison in Rio de Janeiro. We will soon know whatever happened to Eike Batista…

In India, troubles with the rupee’s withdrawal and its adverse impact and effect on the economy; caution!

The African continent, despite the too many problems could become The Region for business and thus improve international trade to the benefit of all – primarily its One Billion people!

That’s the main news until now, more,  if any important news, before midnight.

Once again we warn you to be on guard for every eventuality!

N.B. Following our reporting on the GSCC Vassilopitta, we now have the Chairman’s full speech so log on here and read the entire article and his speech.

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