The BDI@977; the Dog isn’t barking…

Chartering, Markets, Military, News, Reports, Shipping Indices, Statistics, Stock Markets — By on April 4, 2018 at 11:55 PM

John Faraclas

The BDI (Baltic Dry Index) lost another 39 points since yesterday and the three-digit number , as well as the fact that all indices  – Dry and Wets, are in red might be the preamble of a yet another summer of discontent… The Geopolitical environment with the economic and trade wars just beginning to take shape doesn’t help either. That in turn and in combination with despicable costs to run ships today, creates shipping only for the very very very few; end of the story. John Faraclas’ midweek recap:

The Capers losses – similar to yesterday (minus 86), stood at  841 – minus 83; ultra caution as the volatility and losses of the BCI are now monumental…

The Panamaxes down 58 with the BPI standing at 1,397 points…

The Supras’ BSI down 11 at 1,056 points

The Handies’ BHSI minus two at 651 points.

So all in all a downwards market and the gap from the closing of December 2013 when it stood at 2,247 widens to 1,270 today! There might be confidence in shipping today but this applies ONLY for the very very very few!!!

The Wets also diving; the last published BDTI (Dirties) and BCTI (Cleans) stood at 651 and 543 – minus 10 and 17 points respectively; losses widen!

The WTI as these lines are being written stand at US$ 62.40 a drop approaching two centum; still we insist for a substantial drop so that the WTI doesn’t go over the US$ 49.99…

The Warring environment with Geopolitics being the victim of wrong diplomacy will soon blow up Planet Ocean. Be prepared!!!! (yes four exclamation marks)…

The MIGRANTS still remains the number one issue all over Planet Ocean with a multiple of events; in the Aegean Turkey uses the most pathetic tactics in sending over MIGRANTS to the Greek islands and then on to mainland Europe. The EU plays it soft… A bit of blah blah but no coherent policy action until the shit hits the fan and the right wind parties creating havoc, needless to say the complete change of social cohesion! The latest event in the Aegean yesterday speaks of itself vis-à-vis the Turkish actions. There are nearly four million Migrants on Turkey’s soil awaiting the cross over –  a tool that president Erdogan will use… Did I hear you say North Africa? Another four million ae also awaiting? In the USA president Trump is sending troops to safeguard the US/Mexican border… Despicable deaths emanating from the hope of these displaced people to reach the countries of freedom… Shame!

The Wars in Syria and Iraq as we have predicted are more intense and spreading; catastrophe is a mild word to describe what’s on…  Where are the highly paid and educated diplomats?

Turkey has been the causa proxima of the Third World War; this is a fact. We say “has been” as things have developed in a way the media abstained in mentioning… Turkey is the evil state stirring up the entire region in a one-thousand miles around its frontiers, North, East, South, and West- What sort of bedfellows are Erdogan’s Turks with Putin’s Russia and the Iran’s Rouhani ? Their meeting yesterday in Ankara, pauses threats for all in the wider region!

Greece in turmoil with its financial and political state of affairs and on top, as always, the Turks pestering the Greeks. NATO might reconsider soon Turkey’s position, not just because of the Turkish-Russian affair, but beyond that… Iran now comes from “hibernation” and as always supports Turkey which will create headaches in the US Pentagon and Brussels…

The Balkans are going to be worse than before….

Italy tries to form a government… its financial state is three times worse than that of Greece…

France is trying to remain afloat…

Spain still in a mess with Catalonia…

BREXIT continues uninterrupted…

The UK – Russian relations as well that of NATO and Russia are in a turning point following the Skripal affair… We are all waiting the final verdict… A very complicated case…

China tries to respond to the USA’s tariffs… In the meantime China wishes to become the superpower everywhere; with all due respect: fat chance!

Japan is closely watching…

North Korea still a country to watch…

In Brazil ex-president Lula might go behind bars… we shall see tomorrow if our info is correct…

Facebook made it a mess; the implications and repercussions are more than pathetic… No excuses…

Africa mourns Winnie Mandela but the continent itself is in a great mess…

Did I hear you say the environment…?

Scandals are all over and try to understand what all the above means to shipping… Can Transparency International deliver change? Can same be implemented or the findings are kept secret? Add the fact that Law and Order is missing by 90 centum from all UN nations…

We need the Resurrection of Planet Ocean!

The extended Easter period might put people down to their senses and thinking that the Resurrection of Humanity must be a must, otherwise we will continue to be the victims of business hooligans and their cronies… I mean the politicians and the diplomats!

Have a nice evening and in the meantime be on guard from any action emanating from Pirates and Terrorists wherever you are on Planet Ocean…

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Uploaded 14:43 GMT

Updated 23:55 GMT

 

 

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