The BDI on an upwards but still on a volatile and enigmatic mode…

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John Faraclas

The BDI (Baltic Dry Index) gained earlier on 33 points and now stands at 1,372 points – thanks mainly to the Capes’ triple-digit daily and weekly gains. Geopolitics still perplexed! Air-Travel schedules still an issue… John Faraclas’ daily and weekly brief recap:

The weekly BDI’s gains stood at 141 points – up 141 from last Friday the 30th of November when the BDI stood at 1,231 points…

The Capes were up 117 points with the BCI reading 2,197 points; on a weekly basis the BCI was up 442 points – from 1,755. This is what I call “classic” volatility which is more than dangerous… No other dry or wet size is so volatile… CAUTION as we will witness yet again another fall with a possible triple-digit points…

The Panamaxes’ BPI maintained its status with losses/gains, daily and weekly ones; the daily were minimal, but still losses and the gains minimal too. On a daily basis the BPI lost four points and now stands at 1,469 points. The weekly gains were just six points – up from 1,463 from the 30th of November…

The Supras’ BSI was up two points and now reads 953 and the weekly ones 11 – up from 944 last week!

The Handies’ BHSI remained stack; on a daily basis there wasn’t any change and the 625 points remained, but the …weekly score was minus one point – from 626 points.

Hope our readers get the message as we live in a very volatile dry market driven by the Capes and this cannot constitute a market. – (full stop and period).

Same applies for the Wets which were on the up..; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,168 – plus eight and 886 – plus ten points respectively! Rich pickings on a weekly basis with Dirties up 33 points – up 33 and the Cleans up 108 (!) up from 1,135 and 780 points respectively since last Friday!

The WTI stood at US$ 52.61 up US$ 1.68 since last week (US$ 50.93)…

The Geopolitics remain blur with the main issues still the same or even getting worse…

MIGRANTS still on top mainly on both sides of the Atlantic… Caution as the way the society and mainly the politicians silly attitude towards the Migrants issue might backfire with incalculable repercussions. We ae giving a warning which must not be ignored.

The Wars in Syria and Iraq continue with an enigmatic attitude from the USA… Russia’s agenda remains the same… Turkey will stir up the situation and will attack both Syria and Iraq under the pretext to smash the ISIS, in reality will attack the Kurdish Forces there east of the Euphrates but…

Turkey continues to pester all its neighbours and in particular Greece and Cyprus – one being a NATO “ally” and both EU members and despite this NATO and EU do not really care – but one day they will do. CAUTION as Turkey  might attack Greece and Cyprus as the War of Words escalates… Turkey’s demands and excuses have as its main spearhead deceit and blackmail trying to influence NATO and EU members as well as the USA, Russia and China… CAUTION… add the fact that Turkey already stirs-up the Balkans pushing the Albanians and the fYroM against Greece… The international community MUST act now before it’s too late for Peace in the Eastern Med and Black Sea regions…

Greece continues to be governed by parties which serve the EU and Greece’s lenders’ interest and NOT that of the Greek people. The opposition too remain on low level and governed by populism will create problems too in case it wins the elections. The current circumstances need a united Greek front to tackle both internal and external dangers.

The Balkans will produce very soon more troubles – Albania, Kosovo, Serbia and fYroM… The Russians are trying their best to win space – land of influence and hearts… remember that still old and recent scores haven’t been settled.

Italy and its current coalition government does its best with the budget and re-develop its debt burden economy and state of affairs there.

France with the gilets jaunes – yellow vests continues to cause president Macron major upsets…

BREXIT in more than crucial phase and development and wonder what’s next; Mrs. May does, in our personal view, her utmost best… Again, wonder the conspiracy there; time will tell…

That’s all given that I am flying  to south east Europe – that is Athens and had to tackle an ordeal as my flight was delayed 55 (fifty-five) minutes and getting my connecting flight in Paris was worse than a nightmare. I guess it is about time airlines get their act together before many from the public begin to sue them. It is pathetic; you need a small drone or helicopter to ensure you catch your connecting flight. SHAME! If needed one day will write a story as I kept everything in my log book including a few photos… I had to use all my diplomatic and shipbroking skills to ensure I get into my connecting flight… There were also just a couple of the airline’s flying attendances who did their best to help me… Credits to them, YES! But…

Dorothea Ioannou presenting – introducing members of the American Club teams

Back in London, during lunch time, the American Club gave its annual Market presentation once again at Trinity House! The event went really well.  Stavroula Gavridis our intern was there and she send us a few lines: “There were four main speakers, who spoke of the development of the Club through the recent years and its expansion and the opening of their Houston and Asia offices. New York remains the headquarters of the Club – the others teams are steadily expanding though. The most unique part of the presentation was that of Dorothea Ioannou, who is spending her time between the Piraeus and the NY offices and she introduced all of their teams and spoke a little about the key players and the decision makers of the Club. Also, the American Hellenic Insurance Company made their presentation of their office and the kind of work they do. A very pleasant reception followed. All of shipping’s stakeholders gathered, mainly lawyers and brokers. It was a full house.”  Excellent! We will revert with a full report

Simon P. Palios receiving the award from Cyprus’ Shipping Deputy Minister Natasa Pilides

On another note and tone due to a human error we missed the 15th Annual Lloyd’s List Greek Shipping Awards but we have been adequately represented by Regina Faraclas. Pleased that some people we know well received this year’s awards including our relative Simon P. Palios: Lifetime Achievement Award !

We will revert asap we have the full account. We are lucky to report …on time as we have GMT in our system… and landing at 00:51 Athens time made it possible for this recap to be uploaded! Congratulations to the organisers for yet another unique and attendance record breaking event!

Tomorrow… in a few hours we have to attend the CARRER4SEA Conference at the Evgenidion Foundation… hence we were worried of making it to Athens with the Airline / carrier’s delay…

Have a nice  evening as well as weekend and continue to be on guard from actions emanating by Pirates, Terrorists, Criminals and Business Hooligans wherever you are on Planet Ocean…

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