The BDI@1,064: …the plot thickens…

Chartering, Comment, Dry Bulkcarriers, Fixtures, Insight, Markets, Military, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce — By on November 13, 2018 at 11:03 PM

John Faraclas

The BDI (Baltic Dry Index) lost 61 points earlier on today sending alarms around as the Capes … “returned” to triple digit losses. Geopolitics still critical and everything in the Mighty Continent “shifts” to BREXIT and the Italian Budget… whilst all other crucial issues remain unaltered… John Faraclas’ daily briefing:

The Capes’ BCI lost 245 points and now reads 1,153; what next?

Two valuable points for the Panamaxes’ BPI, now up at 1,498 !!!

Losses for both Supras and Handies; the BSI lost eight points and now stands at 986 whilst the BHSI was down a single point at 653…

The gap now widens and now reads 1,183 points – end of December 2013 (2,247) today (1,064)…

Mixed feelings for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,086 minus six and 654 – plus two points respectively…

What a fall that was with the WTI down to US$ 55.24; spectacular!!! Somebody is losing the plot… or is it a death trap… A perfect double whammy… and its worth following every single second of what might happen!

Wonder if we have maritime futurists, as gurus and others have spectacularly failed in their predictions. We have kept the word CAUTION to denote our concern in a changing shipping and geopolitical environment. Technology, Environment and dirty Politics unfortunately interfere and only Posidon knows what’s next. The boat is stranded and we might see strange phenomena… How many could sustain the situation…

Geopolitics: derailed!

The Migrants and the Wars as well the bankrupt Planet Ocean remains the same…

Just to make you feel responsible and ensure we all press for a resolution for a Naval Blockade  according to IOM (The International Organisation for Migration)  from Gib to the Straits of Dardanelles in 2018 102,600 have crossed over to Europe by sea!!!! 49,912 arrived in Spain – the most “popular” destination… then to Greece and in particular the Greek Eastern Aegean Islands 28,252 and to Italy 22,519! At the same time 2,043 lost their lives whilst crossing over mainly drown… Enough!!!!!

All issues we cover the last five years and in particular the last two get worse all the time, whilst everything these days is been focused  primarily on the  BREXIT – were we understand there has been an agreement between the UK and EU negotiators text-wise and we all await the Cabinet’s as well as the Parliament’s final say and secondary to the Italian Budget,  were there will be an increase to the deficit of 2,4% of the GDP for 2019. If Brussels impose sanctions same will be detrimental, a dangerous escalation…  Eh! Basta Brussels, is my verdict! If you continue like this the EU will be dead as a dodo!

That’s all for tonight; have a nice evening and continue to be on guard from actions emanating by Pirates, Terrorists and any Criminal whatsoever wherever you are on Planet Ocean.

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