Summer blues with the BDI@1,341…

Charity, Chartering, Clubs, Dry Bulkcarriers, Insight, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce — By on June 22, 2018 at 11:55 PM

John Faraclas

The BDI (Baltic Dry Index) fall further earlier on today losing six points and on a weekly count 104 points – 1,341 from 1,445 points… Geopolitics are as crucial as ever and be prepared soon for the inevitable as things continue to deteriorate. John Faraclas’ daily and weekly brief recap:

Both  Capes and Panamaxes lost 27 points  with the BCI and BPI now standing at 2,011 and 1,355 points respectively… Heavy losses for both on a weekly basis – triple-digit figures; the BCI lost 212 points – down from 2,223 and the BPI lost 140 – down from 1,495!

Down two points for the Supras’ BSI now at 1,092 – on a weekly basis same was up one point since last Friday’s  1,091…

Plus one point, the only plus on the dry indices for the Handies’ BHSI now at 593. Same figure on a weekly basis, so  no change here!

The Wets were overall on a downward mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 742 – minus one and 507 – minus one and on a weekly basis the Dirties lost 34 – from 776 and the Cleans lost 11 – from 518 points. You have now the figures; make up your mind and see/understand what’s next!

The WTI stood at U$ 69.05 – caution as last week it stood at US$ 64.90… Ultra-caution!

The Geopolitics are getting off hand; two main issues:

The MIGRANTS bringing EU nations in the Med at loggerheads – Malta, Italy, France and Spain in Central/West Med for those arriving from North Africa – Libya in particular and Greece with Turkey to the East and the Aegean. Shame as the politicians and diplomats cannot see beyond their nose and impose with the Military a Naval Blockade, something we have been stressing all along. The rest is pure nonsense unless somebody on purpose is doing so and calling a fast one on all for its own intents, purposes AND above all: VESTED INTERESTS! At the same time at the other side of the Atlantic, the same issue creates havoc in the US – Mexico relationship…

The other issue is the Trade War that president Trump begun with the Tariffs etc. and now EU and the Far East have to respond appropriately… CAUTION as this will affect shipping… Containerships, then car carriers and lastly bulk carriers’ rates will be affected… Banks and other financiers too will  touch bottom…

Messy events still in Syria and Iraq; the UN Secretary-General urges for constrain and honouring of  ceasefire etc etc, but who listens… You dead well know what I mean. Expect a major conflagration in the entire region… The animosity between Iran and Saudi Arabia, the threats to Israel and many more issues in this faulty zone on Planet Ocean will turn everything upside down!

We eagerly await the Turkish double election; in less than 48 hours all will be almost over… Despotism and surprises at its WORSE!

Greece is supposed to enter a new page with its economy and PM Tsipras appeared with a red tie! We shall see… and learn more in his forthcoming visit to London… One thing is for sure: reality bites both ends… Expect issues to surface…   It’s almost five years now since the uploading of  “Learn from Suffering…” Same applies now for the current regime and in general for all at Syntagma Square… Add the fact that the majority of the Greek public, within and abroad  – nearly 20 million, object to the naming of Greece’s northern neighbour fYRoM solution particularly under duress… Within fYRoM the situation, in reality,  is far worse… Will its people perform the list of this so called Agreement”…

BREXIT for sure will cause a major tsunami for all to all intents and purposes! Tomorrow marks the second anniversary on the Referendum!!!  A march is planned for tomorrow… On another tone and note, enjoy the weekend in Ascot; the Races there are more than an extravaganza and fashion show…

The Italian debt will raise things down the floor; it will be an explosion of megatons and will leave the so called “Greek Debt” looking silly…

Wonder how Mrs. Merkel  will tackle the EU’s finances and security issues… Germany too is in financial dire straits…

What’s going on in Venezuela? It seems that for the past three years massacres took place by the country’s security forces…

In Africa, landlocked Ethiopia is about to find a naval basis following the Eritrea saga / loss of its coast line following the bitter war 1998 – 2000… Watch-out the new developments…

The North Korean nuclear saga might drug on until same is fully resolved…

“Being” …in the Far East, be prepared for developments in the South China Sea. we have advised you even live – with a video, when in 2014 visited the region…

AND the World Cup in Russia continues with many more surprises and more odd goals to come… AND mind the body language – this applies to some under the stairs people – players, for their actions…  SHAME! It has happened elsewhere before, so we know…

Have a nice evening and continue to be on guard protecting yourselves, families, offices and ships from any eventuality emanating from Pirates, Terrorists  and Criminals of any kind wherever you are on Planet Ocean; enjoy the weekend!

Finally a big thank you to Kostas Mardas and all  SBC TV in airing my life and views on shipping  and in particular Greek Shipping as well as  the logins or the communication / contacting us in any way  possible for this interview. We will try to have same  with subtitles in english!

P.S. The Chios Marine Club event tonight at the Glyfada Golf Club in Athens  is in full swing!

Uploaded 23:18 BST

Updated 23:55 BST

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