Is there hope for the BDI?

Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Insight, Markets, News, Shipping Indices, Stock Markets, Trade and Commerce — By on September 19, 2018 at 9:50 PM

John Faraclas

The BDI (Baltic Dry Index) gained 17 points earlier on today and now at 1,373 – as on the 20 June, takes a deep breath… Geopolitics once again more than perplexed. John Faraclas daily market briefing:

Difficult days lie ahead for all sectors in the markets as nothing much has happened to ensure sustainability. For the first time after a while we see the BDI (Baltic Dry Index) on a plus mode… AND all indices on the up, even though on a low margin….

The Capes’ BCI was up 24 and now reads  1,850 points…

Single, but on the plus, digits for all the remaining dry indices; the Panamaxes’ BPI  at 1,530 – up five, the Supras’ BSI at 1,159 – up eight and the Handies’ BHSI at 604 – plus four!!!

Mixed feelings for the Wets  with the Dirties (BDTI) going up and the Cleans (BCTI) going slightly down… CAUTION!

The WTI went over and above the US$ 71.00 – at US$ 71.48; not a good move…

On the Geopolitical front things are getting worse and as said above more than perplexed!

MIGRANTS- surpassing any estimation ever imagined poor in Europe creating further mess and changing the social cohesion…

The Wars, particularly those in the Gib to Afghanistan  and from the Caucuses to the Horn of Africa region create further destabilisation with incalculable repercussions for all…

Turkey, Greece, Italy and the entire Balkans are about to cause tsunamis… the East med too…

BREXIT will for sure create the biggest tsunami irrespective of a deal or non-deal or whatever… Be prepared to accept the inevitable…

The USA’s president Tariffs and other measures  including many sanctions on some nations, will make trade too difficult and few will be able to cope with, even a bit…

Be prepared for despicable events which will affect shipping and trading all over Planet Ocean… Our team’s Europe crossing, an eight days extravaganza supports the above view…

A full house with intense networking

On another tone and note, the cocktail reception of the Athens Stock Exchange on the occasion of the 13th Annual Greek Roadshow earlier on tonight at the Novikov Lounge Bar in the heart of London’s Mayfair was the big splash strengthening the view that something good might be coming up in Greece despite who runs the country; business comes first! A lively evening with plentiful of good food  – sea food at its best and excellent drinks but above all networking… The challenge is here and supporting the Athens Stock Exchange is a must for shipping and shipping related companies… we will revert with a full write up and pictures. Tomorrow Greece’s minister of finance delivers the keynote speech in the respective forum; let’s see what his up to…

Reference to previous announcement and advise, the event “Going back to our Maritime Roots” will be held at Chios Island on 21st, 22nd & 23rd September 2018 for the very first time. Ensure you are there; the Island of the Winds, Chios which Rules the Waves looks forward to your participation!

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

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