Despite BDI’s plus symbol the Markets are uncertain

News, Reports, Shipping Indices, Short-sea shipping, Statistics, Stock Markets, Tankers, Trade and Commerce — By on November 21, 2017 at 11:15 PM

John Faraclas

The BDI (Baltic Dry Index)  gained 11 points earlier on today and now stands at 1,396 – about to go, hopefully, over and above the 1,400 threshold and give some hope to interested parties… The Geopolitics are turning once again sour. John Faraclas’ Market briefing:

The Capers managed to gain 41 points since yesterday and now read 3,255 points… We mention “managed” as last Friday 17 November and yesterday the BCI gained 69 and 61 points respectively versus today’s 41 and that suggests to us that there is no steam…

The Panamaxes continued their downfall, thanks to  …Posidon as the BPI loss today was just five points and now stands at 1,275; CAUTION!

The Supras’ BSI was up six points and now stands at 856 points…

The Handies’ BHSI was down three points – another continuous fall, which lately raises concerns and now stands at 625 points…

Conclusion: there is no steam in the dry market and we are still 851 points below the 31st of December 2013 level of 2,247 points. Until we see this level, nothing really has been achieved given the very low market – one should not just compare the levels of the BDI’s bottom out at 290 points back on the 10 of February last year and the respective percentage of improvement, but the harsh reality of just how many companies have gone under and what’s the results of those listed companies… In the meantime we expect to see the Baltic Index shake up planned for the New Year!

The Wets were both up! The last published BDTI (Dirties) and BCTI (Cleans) stood at 827 – up 18 and 594 – up four points respectively!

The WTI as these lines are been written stands at US$ 56.70… Caution…

The Geopolitics are indeed turning sour; in brief:

The standard, the fixed so to speak issues remain: Migrants, The Wars in Syria and Iraq which hopefully will eliminate the ISIS Islamist Terrorists, as well as the Wars there with a dozen of functions and the Kurdish issue/cause becoming dangerous; the general uneasiness in the entire Middle East; the Turkish, Greek and Cypriot sagas are the first lot of issues to bother us and will continue to bother us for the foreseeable future!

Now, when we say BREXIT: BREXIT really means BREXIT! There are going to be complications and issues from both sides of the British Channel, that’s for sure. Some wonder if this is the beginning of the end for the European Union… Time will tell, but also what German administered Brussels brings forward. Mrs Merkel failed to form a coalition government and Germany lacks behind these days… We are living in interesting times… Meantime the ECB has warned banks to pick up pace on BREXIT preparations… Meantime we reiterate the view that whatever happens the entire World will be affected…  Tomorrow is also the Budget’s big moment here in the United Kingdom; watch this space!

In Africa now and down in Zimbabwe president Mugabe’s rule after 37 years is over; end of the story! Let us now see the aftermath there…

At the other side of the Atlantic president Trump continues with both his domestic as well as international issues… Too much in a very little time available…

That’s all for tonight; continue to be on guard from Pirates and Terrorists looming around all over Planet Ocean!

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