The BDI@878 loses steam yet again; geopolitics though are on the brink for WWIII

Comment, Conferences, Seminars, Forums, Disputes, Legal, London Shipping Law Centre, Markets, News, P and I Clubs, Reports, Safety and Security, Shipbuilding and Shipyards, Shipping Indices — By on February 27, 2017 at 11:55 PM

John Faraclas

The BDI (Baltic Dry Index) gained just three points and now reads 878 points “thanks” to the volatile Capers … Geopolitics are to spill over given some nations unprecedented demands and the fault rests with all six superpowers that look for their vested business interests rather than peace. John Faraclas daily recap:

The Capers’ BCI 2014 lost 14 points since last Friday and now stands at 1,151 points.; unsustainable size, not just volatile…

The Panamaxes managed to clinch 19 points and the BPI now stands at 966…

The Supras’ BSI and Handies’ BHSI both gained eight points and the respective indices read 817 and 436 points respectively.

There is no real steam in the dry markets.-

The Wets stuck; the last published BDTI (Dirties) and BCTI (Cleans) stood at 857 –  up one and 609 –  minus five respectively…

The price of WTI stood at US$ 54,03 and this might create many problems as we have numerous times explained..

The Container trade is expected to bring a couple of bankruptcies…

Dow Jones’ latest record is monumental; at 20,837 the markets live the unexpected, but…

On the Geopolitical front the MIGRANTS continue to be by far the number one issue all over. Walls are being built from Turkey to central Europe and straight at the other side of the Atlantic were the USA might proceed to close off the Mexicans…, things might get sour…

The Syrian and Iraqi saga continues; ISIS is not yet defeated… Turkey continues building a Wall of a total 500 plus kilometres…

Turkey continues the war of words against Greece and it was one of the worse ever weekends we witnessed. It is about time before we see the WWIII, the six superpowers to caution Turkey. Every delay and excuse or apathy simply will make it one day for all six superpowers to regret their apathy and will pay themselves the damage; just wait and see… Erdogan’s rallies are not wanted in Europe – Austrians are looking to stop him from speaking to his fellow countrymen their; a referendum that might in reality trigger the winds of Aeolus…

Greece next door is in real trouble as the country in reality is technically bankrupt, given that a fourth package will be needed… It is about time the head of EU’s judiciary intervenes and expose all those within and outside Greece who created this situation – the people of Europe, hte European public are not puppets; equally Greece’s public should not be strangulated in this inhumane way. . GREXIT here and now but retain the Euro…

BREXIT’s sailing continues… Let’s see the London’s Stock Exchange situation how it evolves… Frankfurt is in dire straits too on the issue…

President Trump in the USA goes for a defence budget spending worth US$ 54 billion…

A lot of atrocities too by Islamist terrorists world-wide. Wonder what should be the other-sides response and when! The latest in Philippines were Jihadits beheaded a German hostage speaks alone of what we can expect…Enough!

The Panel

On another note a great event took place earlier  on tonight at Watson Farley and Williams auditorium. The second London Shipping Law Centre event of the year on “Tackling tricky offshore and newbuilding issues: problem – solving by the buyer’s expert, lawyer and FDD Club”. More than a full house at ther special created auditorium heard Sean O’Sullivan, Charles Buss, Dr. Ken Kirby, Brendan Cuffe and Nicola Cox with their positions and experiences; the event was chaired by The Hon. Mr. Justice Andrew Baker.

We questioned the fact that it about time to see the shipyards all over the word form a Club like P and I Clubs and IACS as the Classification Societies did… We will revert with a full account soon…

In Brussels it was also the first day of the European Shipping Week 2017; more on this event soon

Have a nice evening and continue to be on guard for any eventuality..

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