Panamaxes …“maintain” the BDI@1,167

Arbiitration, Chartering, Dry Bulkcarriers, Events, Conferences,Forums and Symposiums, Legal, London Shipping Law Centre, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce — By on February 22, 2018 at 11:14 PM

John Faraclas

The BDI (Baltic Dry Index) ended today’s trading at 1,167 points, up 21 thanks to the Panamaxes as the Capers advance was minimal. Geopolitics more than turbulent suggesting CAUTION for all as Peace all over Panet Ocean is at stake; John Faraclas daily briefing:

The Capers were up eight points suggesting that the BCI might fall tomorrow. At 1,725 pauses a threat to those investing in this size’s future as volatility and uncertainty has numerous times within the last two years proved decisive.

The Panamaxes despite the five points downwards difference from yesterday managed well with 50 points plus and the BPI now standing at 1,438 points.

The Supras’ BSI managed to clinch 15 points and now at 871 feels “safer”..

The Handies’ BHSI was up seven at 529 points.

All in all we do not see any sustainability in all dry indices.

The Wets with mixed feelings – as always… The last published BDTI (Dirties) and BCTI (Cleans) stood at 640 – minus one and 617 – plus four points respectively.

The WTI stood at US$ 62.70 with a tendency for a bit of a slightly higher closure; CAUTION!

The Geopolitics are getting more than messy and let’s see if the major powers – particularly the European ones, reprimand Turkey’s despicable actions. These actions are beyond terrorists actions. Turkey is a pariah state, still supported for various reasons from the EU’s leader – that’s Mrs. Merkel and her likes. Needless to say NATO’s stance in this instance. Be it Greece and Turkey’s Aegean “aspirations”, be it Cyprus with the oil saga frigate Turkish “diplomacy” actions,  be it the entire Balkans and beyond, this is an ultra shameful behaviour and obviously one day same will be appropriately tackled by the Greek people in the way they have tackled and defended their freedom for over 10,000 years in the eastern Mediterranean. Planet Ocean is at War with Turkey’s actions; end of the story!  CAUTION!

Ian Gaunt – LMAA introducing the event; to his right the panel on a l to r: Wenhao Han, Minli Tang, the chairman Stephen Hofmeyr QC – 7KBW, Nicholas Vineall and Mark Sachs

On another note, the LSLC monthly special event held jointly with the LMAA (London Maritime Arbitrators Association) held at the Baltic Exchange was more than an important event; the second of its kind during the last ten years. Titled “London Arbitration with Chinese parties – keeping a level playing field” it attracted over 100 delegates. Mark Sachs from Thomas Cooper’s presentation was on “China and the English legal System: Working with the Chinese Evidence and Witnesses”; Nicholas Vineall QC from 4 Pump Court presentation was on “Chinese Parties Arbitrating in England” and lastly Minli Tang from Allbright Law offices  and Wenhao Han from  Norton Rose Fulbright LLP dual presentation with eight major issues was on “London Arbitrations – The Chinese perspective” was quite enlightening.  Six interesting questions from the audience and more – as we …overheard at the Thomas Cooper sponsored reception kept the adrenaline high. We will revert soon with the write-up.

Have a nice evening and be on guard from any eventuality emanating from Pirates and Terrorists wherever you ae on Planet Ocean!

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