Markets on a positive Easter mode; Geopolitics in total mess…

Chartering, Dry Bulkcarriers, Markets, Military, News, Piracy and Terrorism, Reports — By on April 13, 2017 at 11:59 PM

John Faraclas

The BDI (Baltic Dry Index) closed up 14 points at 1,296 amid an ultra-dangerous Geopolitical pre-Easter period. John Faraclas weekly recap:

The BDI’s daily (1,296 – plus 14) and weekly (73 points – from 1,223) gains, marks the pre-Easter period positively, despite the fact that another 1,000 points are needed to have a sustainable dry market as at the end of December 2013!

The Capers’ BCI were down three points since yesterday at 2,249, but 75 points up since last week’s 2,174 – the only dry size with a bit of a problem as its volatile nature can still cause tremors…

The Panamaxes were the big daily and weekly winners with the BPI ending the day on 1,611 points – up 28 since yesterday and 184 since last Friday the 7th of April. That’s very good news!

Soft …and positive landing for the Supras and Handies; both gained two points since yesterday – now standing at 899 and 560 respectively. On a weekly basis both were up, coincidentally 13 points; the Supras from 886 and the Handies  from 547…

Despite this positive early ending of the week due to Easter, we still observe CAUTION. Shipping as numerous times have stressed, becomes Shipping for the very very few!

The Wets with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 790 – plus 14 and 639 – minus seven points respectively. On a weekly basis the BDTI gained 13 – from 777 and the BCTI lost 33 – from 672 points.

The WTI maintained its US$ 50 plus level, closing very near the US$ 53 at 52.91… CAUTION…

In the Geopolitical front the MIGRANTS continue to dominate the news! Many are going missing in the Med, particularly emanating from Libya…

The USA’s patience was tested with MOAB making waves in Afghanistan – turning the screw there was a must for the decision Donald Trump took.

The Wars in Syria and Iraq continue with no end in sight… CAUTION!

Turkey’s testing time for the referendum approaches; in less than three days-time voters have to decide their future and that of their nation, as it looks there is going to be a very close contest – we foresee 52,5 centum for the YES and  47,5 for the NO. Whatever, president Erdogan is “determined” to proceed further. The vote will divide more the 80 million Turks… and it will for sure create tremors in the European Union. Be on guard for further developments there…

There is no real progress whatsoever in neighbouring Greece with its creditors and the foreign factor should avoid dirty politics and tactics, namely more taxes and strangulation of the Greek people. Expect the unexpected.

BREXIT, despite many hiccups, is on course to make the United Kingdom powerful as in the past!

The French presidential contest continues and in neighbouring Germany Angela Merkel is ahead in the pools…

North Korea is testing the USA’s nerves and many many others in the region and it remains to be seen what president Trump will opt for… Threats from the North Koreans are now on a daily basis. Will China do its best or  expect total mess. CAUTION!

Enjoy the Easter Break and be on guard for every eventuality.

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