Unsustainable BDI; messy Geopolitics…

Dry Bulkcarriers, Markets, Military, News, Piracy and Terrorism, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce — By on February 12, 2018 at 11:21 PM

John Faraclas

The BDI (Baltic Dry Index) ended its upwards “rally” with a minus two point loss; Geopolitics are getting more than perplexed. John Faraclas’ daily briefing:

The BDI now stands at 1,123 points  – once again thanks to the Capers which managed to clinched another 34 points – now reading 1,824…

All other Dry indices fell again and no one knows when there will be a reversal:

The Panamaxes’ BPI was down 13 point and now stands at 1,237…

The Supras’ BSI and the Handies’ BHSI were both down six at 819 and 520 respectively. CAUTION…

The Wets with mixed feelings; the last published BDTI (Dirty) and BCTI (Clean) stood at 642 – minus one and 632 – plus 13 points respectively!

The WTI as these line are being written stands at US$ 59.25.- Let’s see whether we are going to see further drops… so that the masses feel much better…

The main Stock Markets recovered but we urge you to be on guard given that the unthinkable can happen any time…The currency war begins now…

The Geopolitical situation continues with all the issues analysed last Friday remaining the same… Some additional tragedies – the Russian plane loss just after take-off in Moscow. The MIGRANTS all over the news yet again… The Israeli air-raid focusing in destroying Syrian and Iranian targets in Syria prompting many leaders to say that Israel must indeed defend itself but not use excesses as this will completely derail Peace in the entire Middle East – we believe even beyond that… CAUTION! Greece and Turkey once again at logger heads; add their internal situ and see what you get… Some good response over Turkey’s pestering the Cypriots over oil and gas exploration in Cyprus’ EEZ… Messy Balkans… Too much fuss on the Tax Havens regimes, but who is to blame in the first place, eh???? Too much mess also over the last three months on sex harassment issues world-wide… AND there is hype too… Did I hear you say NOVARTIS? What’s behind all these “investigations” behind closed doors? As the late Leonard Coen’s song says; everybody knows…

Now given what takes place in Geopolitics as well as luck of funds from traditional shipfinance and the funds inability to understand how the shipping industry operates, it is obvious that shipping becomes shipping for the very very very few who will dominate the  seven oceans! There is going to be an absolute new order in the shipping industry needing capable owners/players to manage the situation and the 10  to 15 billion tonnes of cargoes over the next five years AND beyond! Nothing is going to be the same ever again! You have been warned!

That’s all for tonight and we urge you to be on guard from any eventuality emanating from Pirates and Terrorists looming in the background wherever you are on Planet Ocean…

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