Volatility grounds Capers below 1,000; Geops more than crucial

Chartering, Dry Bulkcarriers, Markets, Military, Oil Industry, Piracy and Terrorism, Politics and Government, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce — By on June 23, 2017 at 11:40 PM

John Faraclas

The BDI (Baltic Dry Index) gained 15 points since yesterday and 19 since last week’s 851 points ending the week at 870; Geops (Geopolitics) simply sour. John Faraclas daily and weekly recap:

The Capers lost another six points since yesterday and its respective BCI 2014 now stands at 987 points; on a weekly basis the drop was considerable – 286 points (from 1,213), bringing this important size below the 1,000-points threshold.

All other dry indices where on the plus; the Panamaxes BPI was up 29 points now reading 1,138 and 174 points plus since last week’s 964 and “conversely” …it’s now buoyant surpassing the 1,000 points psychological level…

The Supras up ten with the BSI at 744 which is also 43 points plus since last week’s 701 points…

The Handies clinched four points bringing the BHSI at 451; that’s up 16 points since last week’s 435 points…

As the Dry Market is stranded for 43 months below the 2,200 points (from the end of December 2013), wonder what the experts on Market projection and risk assessment have to say. Same applies for the Wets drop which combine with the overall energy saga “enhanced” with the shale aspect and geopolitics create and will create further Market mess…

Once again mixed feelings for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 686 – minus two, and 546 – plus nine respectively. On a weekly basis the Dirties lost 18 (from 704), and the Cleans gained  29 (from 517). The Wets combined losses, which, combined with the overall energy saga “enhanced” with the shale aspect and geopolitics, create and will create further Market mess…

The WTI “managed” to drop further since yesterday and now reads US$ 42,91! Last Friday it stood at US$ 44,65. This causes eyebrows – you dead well know what I mean; the companies and state-producing nations are upset but the public all over Planet Ocean happy including the Shipowners…

The Geopolitical aspects affecting shipping will become far worse in the coming days and weeks. How ready are shipping companies to tackle asymmetrical situations? The World is on fire and both politicians and diplomats seem to lose the game from the business leaders creating this mess.

More news later on; in the meantime be on guard from any eventuality deriving from Pirates and Terrorists.

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