The BDI@1,152: perplexed projections and expectations…

Banking, Chartering, Dry Bulkcarriers, Finance, International Chamber of Shipping, Markets, Military, News, Reports, Shipfinance, Shipping Indices, Statistics, Stock Markets, Tankers — By on January 31, 2018 at 10:59 PM

John Faraclas

The BDI (Baltic Dry Index) lost 39 points since yesterday thanks to the as ever volatile Capers as well as to all other main indicised sizes… John Faraclas daily briefing:

The Capers on a triple digit downfall saw the BCI down 135 points and now at 1,613 pause a threat, needless to say instability and unless we see the Dog barking, don’t carry a big basket…

The Panamaxes’ fall was similar to yesterday; the BPI lost 39 points and now reads 1,411… CAUTION…

The Supras and the Handies also fell; the BSI was down five and the BHSI eight now reading 884 and 558 points respectively…

So all in all a downwards and very enigmatic dry market with all indices on the minus switch… CAUTION. I guess those owners who managed in December and all through January to fix on period might have the last laugh – it depends obviously if something odd happens with the charterers, as with these levels only something spectacular can lift the dry market…

The Wets both on a minus mode; the last published BDTI (Dirties) and BCTI (Cleans) lost nine points each and now stand at 670 and 628 points respectively…

I have the feeling that the shipbuilding industry, very selectively of course might produce good and profitable days for the very very very  few! We need money though from lenders who understand shipping!

The WTI as these lines are being written stands at US$ 64.70. Let’s hope it fells as otherwise it will create more than chaos!!!

Now what about an interesting analysis report by VesselsValue on the Top 10 Global Fleets Worth US$ 516 Billion 

Topping the list is Greece, with an owned fleet worth just shy of 100 billion USD, followed closely by Japan and China, worth 89 and 84 billion USD respectively. 

 

Head over to the VesselsValue Blog for a run down on the top three countries.

Geopolitics: You don’t need to have a detailed Geopolitical midweek report as quite simply: things are getting off hand and expect absurd situations very soon. All main issues not just remain the same, they get worse..:

The MIGRANTS, the Syrian and Iraqi saga with saga and beyond with Turkey blackmailing everybody with its treacherous policy and attitude… Turkish action would put the world peace at stake…

Greece might create major surprises both internally and externally… In the …internal sector the country will need another financial package as well as a haircut of its debt so make it worth for the three previous ones (aid packages), otherwise expect THE mess to rule… Let’s see what happens in the forthcoming gathering in Athens this weekend on the issue for the name of Greece’s northern sate morphoma FYROM. Once has to be blunt; end of the story! What’s in a name in this particular stand off against Greece, even from Greece’s supposed friends and allies is of paramount importance… Respect is an issue missing from the super powers and all of Greece’s administrations until now they live in an under duress situ..

BREXIT brings in more delicate issues in all fronts – there are some regrets but also a reality which is that the British people had enough by German-led Europe… particularly in the way Germany treats small nations and conversely tries to have the upper hand…  The BREXIT negos might go on a bit to the bitter side…There is a discontent in all EU member states starting from the MIGRANTS issue handling…AND rightly so…The crisis in Euope, not just in the EU is still intense and we might experience the risk of fragmentation reaching new highs…

The USA goes through a very difficult period and we are sure a lot of issues will surface – be on guard; AND it is NOT only the economy stupid… Try to interpret this last one and see what you get.

Spain’s painful Catalonia issue will continue…

What’s up in Italy? The centre right makes waves… Another government in the making…

Putin’s Russia pushes in and to all fronts… Another era now begins for this superpower…

China in a major streamline – a bit late though as India is coming up too…

Same situ in Africa, Australia and South America…

We must also not forget the North Korean issue nor the wider Middle East, Iran, and Arabian Peninsular ongoing sagas…

We must ensure that the Planet Ocean’s dire straits will continue to be friendly for ships passages…

We are nearly, and officially in a ten year old crisis; a super credit crunch which unfortunately continues, despite the fake news governments et al try to impose on us all. The World economy is bankrupt as world leaders’ education, knowledge and acumen are obsolete – they still use an old curriculum…! We can entertain anybody live on TV about this major issue which has catastrophic repercussions for all.

On another tone we hope the full, blue and red moon will bring some positive changes… This total lunar eclipse

The Athens SMART4SEA Conference at the magnificent Stavros Niarchos Foundation Cultural Center (SNFCC) was more than successful and interesting. Iris Liaskoni was there and will report in full about this timely forum. After the opening session with Apostolos Belokas, Managing Editor, SAFETY4SEA, Frank Coles, CEO, Transas and Giampiero Soncini, Senior Advisor, Marine Innovation, RINA, three main sessions followed on Smart Shipping Perspectives, the Big Data, Energy Efficiency and Cyber Security. As you have seen in the site Frank Coles won the prestigious inaugural SMART4SEA Leadership Award, recognising his outstanding contribution to transformative thinking in the maritime industry.

Have a nice evening and continue to be on guard from any eventuality emanating from Pirates and Terrorists worldwide on Planet Ocean!

Tags: ,

Leave a Reply

IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)

What is 11 + 11 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback