CAUTION for the BDI@1,279

Dry Bulkcarriers, Events, Exhibitions, Fixtures, Markets, Military, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers — By on January 12, 2018 at 11:47 PM

John N. Faraclas

The BDI (Baltic Dry Index) continued its twists and turns and let’s see how the hoi polloi respond as well as how the capable ones react to this downfall… Geopolitical turmoil at its… best. John Faraclas’ daily and weekly brief recap:

With a loss of 24 points today and 92 since last Friday the 5th of January 2018 the BDI ended a turbulent week and now stands at 1,279 points… CAUTION is the least to say, but hope for the capable shipping entities still exists.

The volatile Capers’ BCI lost 88 points today and reads 2,296. On a weekly basis the loss was terrible: 495 points were wiped out – from 2,791…

The Panamaxes lost 23 points and the BPI now stands at 1,348; on a weekly basis the loses  were 52 points –  thank Posidon for this…

The Supras “strangely” enough were the only dry index with gains! The BDI was up earlier on today five points at 907! On a weekly basis, hooray hooray it clinched 23 points – from 884!

Stuck at 587 the Handies but with 13 points weekly losses the BHSI remains cool…

The Wets  with mixed …feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 681 – minus four and 609 – minus seven respectively… On a weekly basis the Dirties were up five points and the Cleans down 44 (!) respectively – from 653…

Containerships still not on a satisfactory level, even on the low side…

The WTI went over and above the US$64 and that’s unacceptable and dangerous. Last week, on the 5th of January it stood at US$61,84. Let’s see how you interpret this.

On the Sales and Purchase front orders are coming up and more are going to be announced soon thanks to the regulatory issue… Let’s see who will die hard… Shipping as we insist and predicted long ago (see our repots all these years) becomes shipping for the very very few, end of the story.-

The Geopolitical situation deteriorates all over and the drums of war can be heard: The entire Balkans and Eastern Med zone ae about to witness despicable mess which coupled with the already waring situation will spill over. We reiterate the view that the danger zone from Gibraltar to Afghanistan and from the Caucasus to the Horn of Africa will produce both earthquakes and tsunamis… Add the North Korean saga and see what you get… Don’t “bother” with the African continent’s “hostilities”…

The most important issue in all fronts remains the MIGRANTS; they suffer and the World suffers too, Europe in particular with the social cohesion completely broken… Lets see who will bear the stigma and who will pay the damage…

The Syrian and Iraqi saga still on, Turkey bullying everybody, Greece in tatters, the Balkans in a mess, Germany without a government – what a palaver, the BREXIT swinging and the EU might break… Putin’s Russia tying to call the shots and the USA having a very strange time within and outside after Donald Tump become president. China a always digging everybody’s gave and Japan watching in the background… Africa gets hot too…

All the above and many more issues which we have numerous times referred in our coverage greatly affects shipping and intermodalism MUST be save at all costs…. although War is Father of All; if you don’t destroy you cannot rebuild!

I guess a lot was debated at the 10th Shipping Congress in Athens’ War Museum last Wednesday on Shipping Finance & Capital Markets; time will tell…

Enjoy the weekend at the ExCel centre were the London Boat Show (10 – 14 January) ends another successful year! Support sailing, yachting, and sea sports in general leading to maritime tourism!

Anyway that’s all for tonight, have a nice weekend and be on guard not only from Pirates and Terrorists but also from Warmongers; you have been warned!

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