The BDI@948: asymmetrical rise amid Geopolitical uncertainty…

Banking, Chartering, Company Profiles, Dry Bulkcarriers, Markets, Military, Oil Industry, Reports, Shipfinance, Shipping Indices — By on July 19, 2017 at 9:28 PM

John Faraclas

The BDI (Baltic Dry Index) gained another 16 points “offering” some short of breathing space but no one should be fooled. The Geopolitical mess is more serious than the hoi polloi think… John Faraclas’ daily report:

The Capers gained 44 points and the BCI 2014 surpassed the 1,000 point mark now reading 1,028…

The Panamaxes are also above the 1,000 point mark for a while now and the BPI now reads 1,252 points.

The Supras’ BSI with 12 points plus at 798 looks a bit comfy, but be cautious as with all sizes…

And the Handies’ BHSI slowly but steadily approaches the 500-point mark now standing at 498 keeps the tough going…

The Wets on a downwards mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 643 – minus five and 546 – minus three points respectively…

The WTI as these lines are being written stands at US$ 46.68 with tendencies for over US$ 47 – good to see same below the US$ 50 mark and limit of security for all, particularly the poor masses worldwide!

The Geopolitical issues which we referred briefly last night as well as in all our previous reporting remain unchanged and might produce tsunamis with incalculable repercussions for all. It will be soon a war; cynically speaking wars are good even for the warring ones… It is our post War II generation’s fault, despite the rhetoric for Peace and all that jazz… I would love to see Nemesis striking all these politician-hooligans, diplomats and their cronies !!!

XRTCs’ George Xyradakis, well positioned*, delivers a memorable speech

…And George Xyradakis spells it out; on another tone earlier on today at the Piraeus Marine Club’s auditorium down town Akti Miaouli, XRTC’s CEO and Propeller Club’s president delivered once again an excellent slides presentation on the Hellenic Coastal Shipping – ferries and cats and monohulls… That was the 16th annual study; a simple and informative product by XRTC’s team. Indeed the market is in hibernation and hopefully looks forward to forthcoming prospects. The info, style and delivery in the usual way he knows best, and that’s fine, but do please add the fact that today, this presentation brought into the limelight too many long-standing burning issues which for nearly four decades same haven’t been appropriately corrected nor streamlined and Xyradakis had to keep his composure and coolness to ensure the event doesn’t goes off hand. There were plentiful of arguments in the Q&A time and he managed to defuse the tension avoiding a possible crash – you never ever know sometimes how things can turn sour…

Michael Sakellis, president of SEEN talked too as did the General-Secretary of the Ministry of Mercantile Marine Dionissis  Kalamatianos and EIB’s Evan Antonaros; the minister Panagiotis  Kouroublis due to an extended Ministers’ meeting with Greece’s prime minister failed to make it…

Afterwards we had an excellent lunch with a lot of networking and it was good to see some old familiar faces and meet new people too: Antipollution’s Sofia Falida, Intermodal’s John N. Cotzias, University of Piraeus Antonis M. Stratakis, Piraeus’ Bank Konstantinos Economou and  Kostas Ioannou, UniCredit’s Vassilis K. Mantzavinos, Dr. Konstantinos Rkos, SFS’s Dimitris G. Vassilakos, and Jason Dallas, Majestic Cruises Michalis Lambros and Theo Kontes, Seascape’s Iris D. Liaskonis, George Foustanos, Irene S. Daifas president of the Piraeus Marine Club – as ever present, banker Nikos Vougioukas, John Beloussis, Antonis Stelliatos… The media colleagues Nigel Lowry, Markos Kantzios, Antonis Tsimblakis, Stefanos Papandreou and many many others. Lastly pleased to speak with Katernia Fitsiou, XRTC’s most trusted lieutenant and congratulate her too for her success and support in co-ordinating the presentation!

Have a nice evening and be on guard for any eventuality involving Pirates and Terrorists!

*See the slide and the background with the Piraeus Port double view…

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