Low, unsustainable and volatile markets …and Peace lost the chance

Chartering, Civil Unrest, Conferences, Seminars, Forums, Dry Bulkcarriers, Health and Safety, London Shipping Law Centre, Markets, News, Reports, Safety and Security, Ship Finance, Shipping Indices, Tenders — By on May 14, 2018 at 11:34 PM

John Faraclas

The BDI (Baltic Dry Index) “managed” to clinch just four points since yesterday and now reads 1,496… The Geopolitical situation and conversely Peace – given what happened in the Middle East and particularly in the borders of Israel and Gaza, has spectacularly failed, “thanks” to the provocations from both sides, their backers and their cronies , end of the story.- John Faraclas daily market and geopolitics briefing:

The Capes were up five points with the BCI standing at 2,635… An enigmatic situation…

The Panamaxes  were down five with the BPI reading 1,240 points…

Plus two points for the Supras’ BSI now at 1,055…

Hooray hooray the Handies’ BHSI gained one point – now at 585!

The Wets  were up a bit; the last published BDTI (Dirties) and BCTI (Cleans) stood at 657 – plus one and  542 – plus two points respectively…

The WTI was standing just below the US$ 71 …mark…  CAUTION.

Coming back on Geopolitics, instead of seeing things getting better, particularly in the Middle East, things got completely off hand from both, better say from all sides being involved in the so called…“Peace Process” Shame Shame Shame… never forget: You need two in a tango.. One day when Nemesis hits back, I don’t want to hear any excuses whatsoever; end of the story.-

The panel on a l to r basis, with Andy Feld, Max Lemanski, Mike Phillips, Sara Masters QC and veteran Roger Jones

On another tone and note, earlier on tonight at the Stephenson Harwood auditorium at Finsbury Circus, the heart of the Square Mile, the London Shipping Law Centre (LSLC) staged its monthly event.

“Known Knowns, Known Unknowns, Unknown unknowns” – what a title eh! Beyond the title the presentations and the six questions which followed as well as the discussion until late over the drinks and dips was unique!!! We will revert with a full account. Congrats to the thoughtful theme and organisation by the LSLC as well as to the host’s Stephenson Harwood Mike Phillips who chaired the event. What an interesting double presentation by Sara Masters QC and Andy Feld from the 20 Essex Court on “The limits of contractual anti-suit injunctions: latest developments”; pragmatic delivery and wise info from the historical point of view by Roger Jones – that LIBOR… eh!  When “good” service goes bad – the curious case of Glencore Agriculture v Conqueror Holdings excellently delivered by the very eloquent Max Lemanski from the hosts! Excellent!

Fom the drinks and dips reception

That’s all for tonight, continue to be on guard given the terrorists attacks – the last Paris event, the Indonesian church attacks and many many others prompt us to wan you: be on guard from Pirates, Terrorists and all types of criminals as well as learn to judge what’s coming up from the super powers decisions on some Peace process issues…. wherever you are on Planet Ocean!

 

 

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