The BDI@1,170: further hiccups…

Dry Bulkcarriers, Markets, Piracy and Terrorism, Shipping Indices, Tankers — By on April 24, 2017 at 9:53 PM

John Faraclas

The BDI (Baltic Dry Index) fell another 25 points and now reads 1,170. The geopolitical situation gets everybody excited; John Faraclas brief recap:

The Capers lost 50 points and the BCI 2014 stands now at 1,780 points…

The Panamaxes lost 65 points and the BPI …suffers at 1,429 points

The Supras too lost, but only three points; the BSI reads 882…

Well well well; the Handies on a plus mode… Two points are two points and at 577 the BHSI makes… waves.

Brace for tough times yet again on learn to survive with volatility…

The Wets with mixed feelings once again; the last published BDTI (Dirties) and BCTI (Cleans) stood at 577 – plus two and 812 – minus seven respectively…

We have warned all our viewers that irrespective of the promising buyers’ market to be CAUTIOUS!!!

The WTI close to US$ 49… let’s see if it continues to remain below the US$ 50 level…

The Geopolitics remained the same as per last week with respect the issues  we cover: MIGRANTS on top with the …exception of the unfortunate loss of 100 plus of them off the Greek Islands and mainland coast as well as in the Centre and West Med…

BREXIT coupled with the forthcoming general election looks good for the Conservative party and conversely for the benefit of the United Kingdom…

The French first round of the presidential elections proved how divided France is !!! Macron and Ms Le Pen go head to head in the second round. Let’s see if there is going to be an upset in the prognosis…

On another tone, the Shipping 360 Training Course’s first day  at the Radisson Blu Edwardian Grafton in London by KNECT – informa, was more than a success,. It come coincidentally at a very crucial time for the shipping industry given the situation in the  Dry and wet Markets as well as in geopolitics . A full house in the opening day with great presentations on day 1’s module on hte Market Landscape; David Squire, the well known …veteran of Maritime Academia in the  shipping Industry, Mr. Alert, as he is known lately – given  his immense contribution as editor of the Alert! The Nautical Institute’s award winning International maritime Human Element Bulletin, was in a great day. A great introduction of the industry, setting the record straight were we stand.  he was followed by the writer analysing the “Trends in Shipping”.

Then come the very eloquent Parvin Conners; the head of data and credit reports from Lloyd’s List Intelligence was above par… excellence with her “Analysis of the Global shipping markets”!   Max Lin, the very low profile Lloyd’s List Markets Editor presented “The Role of China in the Maritime industry, implications and forecasts”.

After  lunch the module 2 on Regulations was well presented by Helio Vincente, policy officer at the IMO;  an interesting Q&A followed.

Robert Brindle, technical performance and investigation manager at LR spoke on “Classification Societies, their function, role and importance”. He also presented a paper on “Understanding the importance of Port State Control”.

The wrap-up and closing of the Day One’s deliberation was done by the chairman discussing the “Ship Registration: what does flagging your vessel mean” and “The Ship recognition: name that ship!”

We are honoured to be part of it. We will revert with a full write-up and all the papers after the course ends.

Have a nice evening and be on guard for every eventuality, particularly from pirates and terrorists.

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