The BDI@1,136 still frozen amid exceptional geopolitical developments

Chartering, Dry Bulkcarriers, Insight, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers — By on March 19, 2018 at 10:41 PM

John Faraclas

The BDI begun the week, thank Posidon, with single-digit losses. Geopolitics will definitely take a big twist and turn with chaotic with incalculable repercussions; John Faraclas’ daily briefing:

With minus 7 points the BDI is below today’s temperature in London… Not a nice start but have hope!

The Capers lost 32 points and the BCI now reads 1,171 points – massive losses compared with its level a few months ago… With a good average of 2,300 points in mid-January we wonder what’s next for the Capers..

The Panamaxes gained three points and the BPI now reads 1,621 points…

The Supras managed to clinche eight points and the BSI now stands at 1,099!

The Handies’ BHSI was also “up” two points at 629…

So all in all a downwards Dry market, a weak market so to speak, but we hope that things might change; if not expect havoc…  We stick with pragmatism and we adhere to as today the difference with our point of reference that of the end of end December 2013 is 1,111 points (2,247 – 1,136)- what a significant number and …what these four aces represent…? Like the Four Horsemen of Apocalypse – Conquest, War, Famine and Death – funnily enough this is what we live these days; correct me if I am wrong! See the Geopolitical mess and then you will understand the significance of these four aces!

The Container trade is fatally wounded and only exceptional smart companies with go through; in this day and age that doesn’t necessarily means big companies… The issue of speed was the most fundamental issue for containerisation. We need one way or another to see block-speeds of  30 knots to make the trade viable with respect the number of round voyages.

The Wets down yet again; the last published BDTI (Dirties) and BCTI (Cleans) stood at 635 – minus four and 564 – same as last Friday 16/3. N steam at all here. Expect another mess…

The WTI as these lines are being written stands at US$ 62.09; CAUTION!

Now let’s see whose is afraid of newbuildings; newbuilding will improve the face of shipping with more efficient ships and regret but only the capable and mostly the more well placed very very very few will continue and survive! You have to be smart to be beautiful ! Indeed we are going to see more scrapping of ships, that’s for sure but at what price is the main issue!

The Geopolitics are still more than perplexed: The main Geopolitical News:

Migrants with the despicable situation still on; shame once again to the politicians and the diplomats,

The Wars in the wider Middle East region, an inferno and a shameful issue for humanity but remember one day the shit will hit the fan;

Turkey and its magalomaniac leader Tayip Erdogan spreading death around and stirring-up the entire region;

Greece with its internal problems with too many morons in the Parliament contemplating …the destruction of Greece and externally under duress unable to appropriately respond;

Cyprus still being bullied,

The EU using thee different languages for the same issue;

BREXIT with a possible deal with the EU and hope the implementation period will be soothing;

the re-election of Vladimir Putin with 75 centum is the main news to watch out – the man will govern until 2024 when he will be 71 and still young and able for another term…

The USA is also on an internal as well as external turmoil – strangely enough but…this is the case. The Tariffs and other measures as said will backfire;

Xi Jinping for a second term was electing as the new great wheeler and appointed Wang Qishan as his vice-president.

Japan is watching and India is on a calculating game.

Scandals in Africa and Zuma is in trouble…

In South and Latin America watch out as Venezuela prints money – some regions the own currency such as  the town of Elorza…

On another tone and note,  the Greek Shipping Hall of Fame 2018 is about to finish in Athens; they told me it was more than a great event! will revert with a full account!

SOME 2018 begins tomorrow at the Evgenidion Foundation in Athens!

Have a nice evening and be on guard for every eventuality emanating from Pirates and Terrorists wherever you are on Planet Ocean.

Uploaded 17:00 GMT

Updated: 22:41 GMT

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