BDI@859; volatility knocks…again

Associations, Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Markets, Military, News, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce — By on July 12, 2017 at 9:22 PM

John N. Faraclas

The BDI gained 29 points since yesterday –  thanks mainly to the Capers which clinched nearly 100 points with the BCI 2014 now reading 846 – plus 91 points, thus surpassing the 800 point threshold… Geopolitics getting worse; the daily briefing by John Faraclas:

The Panamaxes managed “well” with 29 points plus – now reading 1,098 points.

The Supras’ BSI was up 11 points – now standing at 744 and the Handies’ BHSI reached 480 points – that’s three points plus…

All in all an …upwards looking market, but there is nothing to tell us that within say two months we shall see  the magic 2,000 points… not to say that (the figure) as of the end of December 2013 being 2,277 points – that’s 1,418 points  missing…

No steam for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 651 – no change and 567 down two points respectively…

The WTI surpassed the US$45.50 and is heading for higher levels…

The Geopolitics as we have said and predicted long before, are getting murky!!!

The MIGRANTS now bother all;  exceptionally  the Tilos island experiment of integration through work might work, but with all due respect one MUST always think the issue of social cohesion; not there, but everywhere… The sub-Saharan phenomenon MUST also stop, irrespective if Libya is in our view a lawless country…

BREXIT will become suddenly very explosive…but at the end of the day same will be good and promising for all in the United Kingdom! we eagerly await the result of the Repeal Bill – something more than important.

The Syrian and Iraqi saga continues… with no end of the continuous massacres, which at the end of the day increase the Migrants issue and enhances animosity and terrorism!

Turkey still in dire straits and this is not a good sign… The super powers have the duty of care to curb the appetite of president Erdogan before it is too late for all..

Next door Greece too faces colossal internal and external problems. It is for the interest of Greeks and Europeans and then the world at large for this regime to go and an Aristos team to run Greece and implement what is right for the Greek people and the family of nations in Europe as well as that in the Eastern Med / Black Sea regions; CAUTION, as a fourth bail-out package will lead to a total revolt of the public – rich and poor will do it! The Cyprus melodrama continues and creates uncertainty. Unless something pragmatic comes out, don’t expect any solution… It is NOT just the Greco-Turkish problem on the divided island  – 100 centum divided on purpose, it is more than that as same is being on purpose continued by the super powers…

President Trump needs a very skillful team to defuse the tension around him, his family, needless to say the Republican party and save the face of the United States of America – unless something else is going on…

Former Brazilian president Lula was convicted for corruption…

More news before midnight…

Christos Megalou, the Piraeus Bank CEO delivering his speech

On another tone, an excellent presentation by Christos Megalou, CEO of the Piraeus Bank at the BHCC – British Hellenic Chamber of Commerce event at the Athens Club attracted a great number of people. A pragmatist and optimist too he spoke about the latest developments in his bank, the current and forthcoming advanced services of its clients, as well as the positive climate for investing in Greece; who wasn’t there! Good to see quite a few from the shipping industry as well as from insurance, banking and law – and some old friends from AKSS too!

Congrats to BHCC general manager Fotini Emiri and her events team for an excellent organisation which attracted well over the figure envisaged – a sold-out event! Will revert soon with a full account

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

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