The BDI@1,694; what next…

Chartering, Dry Bulkcarriers, European Union, Insight, Markets, Piracy and Terrorism, Politics and Government, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce — By on August 9, 2018 at 11:55 PM

John Faraclas

The BDI (Baltic Dry Index) lost 10 points as well as the 1,700 points threshold as the main indices fell except the BSI and BHSI. Geopolitics still in tatters… John Faraclas’ daily recap:

The Capes’ BCI lost 11 points and now reads 3,472…

The Panamaxes’ BPI lost 16 and now reads 1,349 points…

The Supras BSI managed to clinch one point and now stands at 1,036, and

The Handies BHSI after a 48 hours…stagnation and fall clinched two points and now reads 543…

Let’s see what the gurus have to say… this is more than a perplexed and enigmatic market

Enigmatic Wets too… the BDTI (Dirties) lost seven points and now read 717; the BCTI ( Cleans) was up a point and now stands at 479…

The WTI as these lines are written stands at US$ 67.25… CAUTION !

The Geopolitics still the same:

Europe and the Middle East: The Migrants – with terrible news of many deaths and a non coherent EU policy still making it worse ; The continuation of the Wars in Syria and Iraq – let’s see after the elections what’s going to happen as the blood bath continues with renewed terrorists attacks. In Syria it seems the Assad regime with the Russian assistance can breath in exchange of an alliance with Putin’s “plans” for the region and beyond. See for example the Russian attitude in Eastern Ukraine, Georgia and see what you get there…. Turkey in limbo and president Trump will push it as Turkey continues its blackmail attitude; a NATO ally NOT to be trusted. Turkey’s economy is a long time  now in chaos and it remains to be seen when the IMF will step in… Greece still in a mess and one needs to see an end to this situation, add the foreign issues and the all time low with the Russia… Another mess is yet to come… Many things have surfaced ever since Greece deported two of Russia’s diplomats. Italy might become as we have foreseen yet another Portugal or Greece given that with Euros 2,7 trillion debts things can turn nasty… France and Germany as we have said in previous reports are also in Euros 2,5 and 2,2 trillion debt tragedy… and the UK at 1,9 trillion… Greece, Portugal, Spain and Cyprus look fantastic in comparison! Mind the Balkans… the ignition there will be spectacular… Kosovo borders issue might open the appetite for others too…  fYroM might become another mess…, still unsettled issues in Bosnia & Herzegovina. Too many wildfires in Greece, Portugal still create chaos as the aftermath is very sour for all… Add the flooding in the south of France over the last 12 hours; very dangerous!

At the other side of the Atlantic president Trump’s Trade War will escalate and same might turn even nasty and skirmishes might be on the menu… A very difficult period for the World Peace. For a start Turkey is a target for president Trump as the War of Words is on with his Turkish counterpart… An unprecedented escalation… Within the USA the president has also a lot to tackle…

The Far East and China is particular will everything possible to counter to the American Trade Policy. Japan watches in the background… Japan returns to growth and  that’s very good news!North Korea must come to terms with reality and back-off!

In South America we are faced with a major crack-down following a drone attack against president Maduro… He MUST also come to terms as his attitude might backfire and ignite a civil war…

In Africa and in Zimbabwe in particular the election result become another thorny issue… The entire Afica continent enters a very messy period… CAUTION!

That’s all for now, have a nice evening and be on guard from any eventuality emanating from Pirates, Terrorists and any Criminals whatsoever wherever you are on Planet Ocean…

Uploaded 14;54 BST

Updated 23:55 BSt

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