Diving BDI or another “correction”… wonder?

Chartering, Dry Bulkcarriers, Energy, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers — By on May 16, 2018 at 10:10 PM

John Faraclas

The BDI had one of its most unexpected falls since the beginning of the year; at minus 65 points it now stands at 1,403 and about to go even below, given the Capes triple digit collapse… Geopolitics take a dive too… John Faraclas’ brief mid-week recap:

The Capes lost 195 point and the BCI now reads 2,407 points… what next?

The Panamaxes’ BPI stayed put at 1,237 – no change but worrying…

Plus three and one for the Supras’ and Handies’ BSI and BHSI – now reading 1,056 and 587 respectively…

Stagnation, uncertainty possibly influenced by the drums of war and the worse eve financial and credit global conditions – terrible situations… Wonder how on earth some Ministers of Finance and Economy got their academic accolades …err degrees…

The Wets with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 667 – up 11 !!! and 532 – down eight respectively!

The WTI as these lines reads US$ 71.15 – still on Caution. This a provocative price that already triggers the poor masses to respond with a possible asymmetrical counter… Caution!

On the Market’s …second front – that of Sales and Purchase of Ships, we see, besides the newbuilding spree, we see not just simple second hand acquisitions, but complete purchase of fleets. Again: caution both ways! Now, why we say this? Well it proves the bad decision of certain bankers to finance today’s sellers at first place – you dead well know what I mean! On the flip side, the clash is there and we foresee many collapsing… and very soon. Time will tell… for sure!

The Geopolitics become more perplexed to an extend that now we’re telling you to take cove and protect your lives and businesses… The mess, the chaos and the coming Armageddon will be second to none!

The MIGRANTS at the forefront…

The Wars in Syria and Iraq …

The coming conflagration in the Middle East with Israel, Palestinians and all there will be for very strong nerves with an over the top collateral damage; you bet?

Turkey is already THE pariah state of the region…

Greece still in limbo…

The Balkans must remain cool as if things don’t get right expect as we have warned you another mess…

Italy, ah ha! The possible coalition forces to form a government wish here and now a write off of Euros 250 billion from Italy’s debt !!! We fully endorse this! This should have been the case for Greece…

BREXIT adds more twists and turns…

North Korea as we have been saying yesterday, might opt NOT to go down the road to Singapore…

Putin’s Russia on the frontline on all issues; a different approach on all issues; everything must secure the future security of this vast nation at all costs not only for the Russians but all in the Globe!

Expect many issues to arise from the strong USDollar and the weak Euro…

Posidonia 2018 will soon be making waves; the meetings, forums and ..AND receptions invitations are flying around…

And amid all these issues we have the GDPR… another palaver – I can assure you NOTHING is secure and there are other ways and methods… Remember Y2K ??

Have a nice evening and be on guard from any eventuality emanating from Pirates, terrorists and all sort of Criminals wherever you are on Planet Ocean!

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Uploaded 18:51 BST

Updated 22:10 BST

 

 

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