The BDI remains stuck… Wets too

Chartering, Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Statistics — By on January 22, 2018 at 11:50 PM

John Faraclas

The BDI (Baltic Dry Index) “clinched” four points earlier on today, quite odd as the Capes lost 48 points and the Panamaxes gained 29… A bit of an oxymoron… So at 1,129 points the BDI remains stuck and wonder what’s next. John Faraclas’ daily recap:

The Capers as said lost 48 points and the BCI now reads 1,445 points – what a substantial fall over the last three weeks…

The Panamaxes’ BPI continued its mild “correction” gaining points and now at 1,362 they begin to surface again…

Minimal gains for the Supras and the Handies; the BSI was up two points at 913 and the BHSI up one at 585 points…

All in all an enigmatic dry market, a market for the very very very few. One cannot, repeat cannot depend on Chinas’ development and rise in its trading / import index…

Remind you that the BDI is minus 1,118 points from the end of December 2013 (2,247); caution! Shipping for the very very very few becomes a reality!

The Wets on a falling mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 705 – down two and 567 – down three points respectively.

The S&P front gets better with many newbuilding orders as well as second hand ones.

The WTI as these line are written stands at US$63.50 – it might go slightly higher. The danger of a revolt worldwide cannot be ruled out!

The Geopolitical front still getting worse:

The MIGRANTS are the bead and butter so to speak in the main news and the social cohesion in the EU has been broken with incalculable repercurssions as we see from the behaviour of many – almost all of the 28 member states.

The Wars in Syria and Iraq are still on!!! CAUTION…

As expected, Turkey’s actions in Northern Syria will escalate, timewise the spreading of hostilities in many counties in the region. Turkey’s backs must back off as their stance will backfire; the best boomerang you have ever imagined.

Greece in turmoil within and also in the local periphery with the name issue on its central north morphoma state of FYROM. Shameful international leaders and their cronies in Greece will be punished one day as the wheel of history has always acted accordingly to those pestering small geographical nations with severe economic status to support their “vested” interest in a region thousand of miles away… The EU is at fault too.

The Sunday (yesterday) gathering and protest of nearly 400,000 people in Thessaloniki, the capital of northern Greece, sends the message to all. There were silent protests all over the World and the one in London was more than a success given the sort speeches, to the point on the issue! The United Kingdom entered the then EEC as United Kingdom and NOT as Great Britain… Read History and Pacts! What’s in a name, precisely.

Good news at the other side of the Atlantic  as in the USA the Federal Government after a brief  stoppage restarted and that’s good news… Add the record level of the Dow Jones at 26,214 points and see what you get, but be cautious as things can get sour and a collapse is on the cads!

The Davos Forum is on now and let’s see the outcome…

In the Pacific, the pollution from the Iranian Oil Tanker “Sanchi” and its grave consequences will create a big debate…. Pity!

On another tone and note we are all geared to attend tomorrow’s major forum organised by Marine Money on Shipfinance in London’s Dorcester Hotel!

That’s all for tonight, have a nice evening and be on guard from any eventuality emanating from Pirates and terrorists all over Planet Ocean.

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