BDI suffers further losses…

Chartering, Markets, Military, News, Shipfinance, Shipping Indices — By on May 2, 2017 at 11:55 PM

John Faraclas

The BDI down to 1,073 points – that’s minus 36, and the Wets with minimal losses paint a strange but expected market picture; John Faraclas@ daily briefing:

All stakeholders were alerted after the Bank Holiday and eager to see the closing of yet another annoying market!

The Capers proved once again that volatility is the name of the game with the BCI 2014 down 111 points, now reading 1,688…

The Panamaxes lost 47 points and the BPI now stands at 1,140; CAUTION!!!

The Supras’ BSI was down 12 points at 849 and

The Handies’ BHSI was down nine points at 550; the entire Dry sector dives dangerously…

An excellent market though if you are a buyer; the best ever buyers’ market we have ever witnessed.

The Wets on a downwards mode too; the last published BDTI (Dirties) and BCTI (Cleans)  785 – minus one and 613 – minus seven respectively…

Big issues with shipfinancing and in general availability of funds, will deepen the crisis as various non-shipping funds cannot understand what’s going on…

Too many newbuilding ships, particularly VLCC coming soon are about to create another mess in the Wet Markets. wonder where are all those analysts, brokers and their likes who in 2013 and 2014 had different views from ours; how they feel the failure of their market prognosis…?

If the BDI falls below the 1,000 point barrier and the Wets below 700 and 500 respectively for thh Dirties and Dries, then the drums of war will be all over; financial catastrophes are far worse than combats… and sea-battles…

The WTI stood at US$ 47,97 – a …satisfactory level which might end up just above the US$ 48…

The Geopolitics continue being in a mess; time will soon reveal issues unthinkable which will create havoc all over… All issues remained the same, even worse; MIGRANTS, the Wars in Syria and Iraq, BREXIT – getting tough for all, the French outcome, not just result of the 2nd round of the presidential election, Turkey, Greece, Italy with Alitalia in tatters… Venezuela, The Chinese saga, North Korean blues and Terrorism… CAUTION

Have a nice evening and be on guard for every eventuality particularly from Pirates and Terrorists!

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