Capers and Panamaxes “lift” the markets amid another Geopolitical turmoil

Dry Bulkcarriers, Markets, Military, News, Piracy and Terrorism, Politics and Government, Shipping Indices, Tankers, Trade and Commerce — By on April 12, 2017 at 10:15 PM

John Faraclas

The BDI (Baltic Dry Index) gained 20 points since yesterday and now stands at 1,282 – minus 1,000 points though from the levels creating sustainable and real breakeven, that is to say the level of December 2013! Until then don’t count your eggs… The Geopolitics hour by hour continue to worsen and the drums of an all-out military and economic war is about to develop engulfing Planet Ocean. John Faraclas’ midweek recap:

The Capers gained 25 points and the BDI reads 2,252…

The Panamaxes gained 50 points, exactly double from the Capers and the BPI stands at 1,583 points.

The Supras and the Handies gained two points each and the BSI and BHSI read 893 and 554 points respectively…

So, a bit of breathing space and let us see where this euphoria will lead; we are optimistic but very cautious…

The Wets a bit …”stranded”; the last published BDTI (Dirties) and BCTI (Cleans) stood at 776 – no change, and 646 – minus 15 respectively…

The price of WTI as of 17:00 hrs BST stands at US$ 53,45 – still above the safe level of US$50 points.

The Box trade and its various alliances still cannot convince the market and investors of its sustainable nature and conversely future.

The offshore sector and rigs, despite demand are out of steam…

On the geopolitical front, still the MIGRANTS  dominate the news; then comes Piracy and Terrorism  particularly the Dortmund event following the Stockholm, Oslo and Egypt’s attacks and another one in Turkey’s eastern city of Diyarbakir where there was an explosion yesterday which was “credited” today to another terrorists action there…

The Wars in Syria continues amid discontent between the super powers involved with resolutions blocked by vetoes… It seems to me we are entering a very dangerous period. CAUTION!

Turkey still remain a threat and liability for all. The forthcoming Referendum during Easter Sunday will create further tremors no matter the result.

Next door in Greece the situation remains critical and the Greek public might soon express its discontent and saw the exit to the current collation ruling Greece. Expect the unexpected.

In France, the main five candidates for the presidency  Francois Fillon, Benoit Hamon, Marine le pen, Emmanuel Macron and Jean-Luc Melenchon as are already engaged in a war of words and promises; let’s see the winner as well as how he can safely direct France through the reefs in Europe and beyond.

In Germany too we are seeing a surge for Mrs. Merkel; again, you never ever know what might happen in this crucial election…  A bit of a mess with the Americans and in particular White House press secretary’s statement vis-a-vis Hitler and the usage of chemicals on the Holocaust issue… on top of anything else the relationship between presidents Trump and  Putin are not that rosy… We shall see…

In South America who’s gone to dance the corruption saga… Expect a big mess given the revelations there especially in high offices…

In Africa now and the Nigerian spy agency foiled an attack by possibly Boko Haram against the UK and USA embassies at Abuja… CAUTION! ISIS and its affiliations will do best to harm us all everywhere…

China has to do its best for North Korea as time runs out. president Trump of the USA look determined to deal with the North Korean saga… CAUTION!

Have a good evening and be on guard for every eventuality, particularly from Terrorists and Pirates.

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