Dry and Wet Markets in Red; geopolitics more than explosive

Chartering, Conferences, Seminars, Forums, Cruise Industry, Dry Bulkcarriers, Events, Groundings, Health and Safety, Maritime Accidents, Markets, News, Piracy and Terrorism, Reports, Ro-Ro and Passenger Ferries, Safety and Security, Shipping Indices, Statistics, Stock Markets, Tankers — By on June 5, 2017 at 11:05 PM

John Faraclas

The week begins with the BDI  (Baltic Dry Index) falling further – although a bit contained at 821 points, that’s minus nine points since last Friday’s report; the Geopolitical situation is more than explosive and Islamist Terrorism tries to disrupt our lives in London and elsewhere as you read or listen to the news, but fails as now the reverse is on. John Faraclas’ daily briefing:

All Indices are in red; the Capers’ BCI 2014 lost 21 points and now reads 1,353… Last Friday we gave a warning on the Markets and mode of Shipping and lets see the risk assessors how they can object to this, or what do they have in mind in reversing this downwards tide. We reiterate the view that unless we see the Markets – the Dry one above the 2,200 points on the BDI – on par with the figure/level as at the end of 2013 and the Wets above the 1,000 points each, don’t count your eggs before they are hatched… Despite this, we strongly believe that this is THE best ever witnessed market for buyers and in particular for newbuildings!

The Panamaxes’ BPI down just three at 789 points…

The Supras …bears the number of the …beast 666 – down eight for the BSI, and

The Handies’ BHSI lost another five points now standing at 441.

CAUTION for the entire dry market. The first thing is to ensure we see the 1,000 point threshold regained; if not, welcome to hell for the hoi polloi. Remember this is turning day by day as the market and industry for the very very very few!

The Wets – both Dirties and Cleans today in red; the last published BDTI and BCTI down 14 and five at 742 and 554 respectively.

The WTI gained nearly one centum and as these lines are written stands at US$ 48.13 – following a drop below the US$ 48 mark earlier on…

The Container trade tries by all means to survive and let’s see how the Panama Canal will positively affect this type of tonnage…

On the Geopolitical front things remain the same:

The MIGRANTS still on top,

The Wars in Syria and Iraq continue; Syrian president Assad feels comfortable; Mosul is falling and ISIS commit even at the last moment atrocities… The more the wars go on, the more the world will suffer.

The Turkish saga with Erdogan playing into too many fronts, continues with blackmailing everybody.  The Germans might decide to pull away from the Incirlik airbase and plan to move their aircraft and military personnel out  of Turkey, as Erdogan refuses to allow visits by German MPs there. Ursula von der Leyen, Germany’s defence minister, said Jordan’s Azraq airbase is were the personnel’s and aircraft’s new base.

 The Greek tragedy continues and an ex machina God can only give the solution…

BREXIT and the forthcoming elections in the United Kingdom will be a surprise for all…

The Chinese pestering all in the South China Sea…

and the revolts in Venezuela continue.

Wonder where Putin’s Russia fits in…  What was the content of today’s telconv with Turkey’s Erdogan on the Turkish Stream? On Syrian peace …”accord” and on the wider Middle East situ following the Qatari saga…

In the meantime cutting off Qatar will see tectonic plates shift, not only in the Saudi peninsular, but far beyond that, given the fact that according to info Qatar is involved in financing terrorism in a multiple way. We need to name and shame all those involved there as one lost life is one lost life from all these culprits. ENOUGH! Many nations, nearly six or seven (Saudi Arabia, Egypt, UAE, Yemen, Libya, The Maldives)  have broken diplomatic relations and it is not just travel and food to and fro that will suffer; if proven that the Qataris are involved, as they have been accused, Capital Punishment should be on! On the shipping front and following the decision taken by the UAE to break-off all the  diplomatic relationships with Qatar, ships flying flags of Qatar or ships destined to or arrival from Qatar ports are not allowed to call the Port of Fujairah and Fujairah Offshore Anchorage regardless their nature of call till further notice.

The Terrorists attack in London during the weekend and following Mrs. May’s brave response that ENOUGH is ENOUGH will also change the course of history. The Police, as expected from early this morning named the two terrorists! The third ones name will soon be revealed.  We expect them to name all involved, name and shame all those involved as well as all their accomplices world-wide; it is about time. Enough is Enough! All 12 people arrested after this despicable attack have now been released without charge. These 12 people, seven women and five men were arrested in Barking- east London, on Sunday following the attack in which seven people were killed and 48 injured.

l to r: Stuart Edmonston, Captain Richard Meikle, Dariusz G0zdzik and standing the moderator  Andrew Bell introducing the event

On another tone, earlier on tonight an interesting seminar took place on board the HQS Wellington on the River Thames. This seminar was a joint meeting of the Honourable Company of Master Mariners, IMarEST, RINA, The Nautical Institute, The Royal Institute of Navigation, The British Association of Cargo Surveyors and  ICHCA International. Titled “Cruise Ships & Passenger Liners – operational challenges”, the seminar attracted just over fifty delegates.  Many interesting issues were presented by a panel of three, each being and expert in his field; the event was introduced and moderated by Andrew Bell, the marine manager of Stephenson Harwood.

The first speaker was Dariusz Gorzdzik with an interesting number of slides supporting his presentation… Then come the very eloquent Captain Richard Meikle  from Meikle Marine Consultants  with a very analytical but also to the point slides presentation. One of the interesting points he mentioned was the one on “design vs. seamanship” to which we… countered on question time with respect the correlation of discipline… The last speaker was Stuart Edmonston from the UK P&I Club who discussed in detail passenger claims; a very well construed slides presentation with some harsh realities.

Many questions followed from the audience and appropriate replies were given.

Have a nice evening and be on guard wherever you are for any eventuality from Pirates and Terrorists all over Planet Ocean!

Uploaded 13:51 BST

Updated 23:05 BST

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