The BDI@1,238: there can be no rainbow without a cloud and a storm…

Chartering, Markets, Reports, Shipping Indices — By on January 9, 2019 at 11:45 PM

John Faraclas

The BDI (Baltic Dry Index) lost 24 points earlier on today as all Dry Indices fell – thank Posidon the fall was a double digit one… Geopolitics… continue to be more than perplexed; John Faraclas’ daily market recap:

The Capes lost  39 points and the BCI now stands at 2,078…

Same losses for the Panamaxes’ BPI now at 1,218 points…

The Supras’ BSI  was down 25 points and now reads  893…

The Handies were “better” with BHSI now reading   546  – minus ten points “only…”

We now stand 1,009 points below the figure as of the end of December 2013 when the BDI stood at 2,247 points; never forget this! Shipping is heading in becoming Shipping for the very very few; end of the story unless somebody has a Plan B or C to avoid the coming mess…

Mixed feelings with the Wets; the last published BDTI (Dirties)  and BCTI (Cleans) stood at 967 – minus six and 684  – plus 18 points respectively… at least the Cleans …come out up clean; something to celebrate!

The WTI stood at US$ 49.78; CAUTION!!!! The right and just price should not exceed US$40; end of the story as it might backfire and we might see despicable things happening!

As the Greeks say: it’s the ninth of the month… Hmmm!

On the Geopolitical front the MIGRANTS continue to …“lead” the way everywhere and that’s going to be more than dangerous.

Once again we warn you to be prepared for a messy decade in the faulty line between Gib to Afghanistan and from the Caucuses to the Horn of Africa with the epicentres being the Balkans and East Med…

The World wonders what president Trump will do there; be prepared for everything…

Turkey, Greece and Cyprus continue to be in the spotlight for a multiple of reasons; if Turkey and its predecessors (Ottoman Empire) were the sick man of Europe just over a century ago, imagine now the situ.

BREXIT becomes painful for all but one has to be cool to tackle all its issues… Expect strange phenomena from any BREXIT outcome… The latest two blows for Mrs. May in two consecutive days is too much. Can she deliver? There are a lot out there envying her as well as her determination. Plans to work need MP’s with understanding and not sick pathos to destroy for no reason the other side… Under the projected “circumstances”, Labour cannot deliver!

In the rest of Europe the financial disorder will cause further mess… Remember the World debt is US$ 250 trillion and Europe has a considerable stake there; too dangerous. Anybody to ensure a write-off? There are recession fears in Germany. Can Frau Merkel deliver as well as her successor? Wonder for the outcome of her visit down to Athens…

Europe with the Euro is shooting its own feet… Add the fact that as envisaged by all: Convergence never happened and the gap between the North and South widens… Add also the fact that there is no constitution as such, so unless a wise leader appears the debts will drown Europe!

Instability in Europe will make it even worse for bankrupt banks!  Can they weather it? Only a War can as history taught us!

At the other side of the Atlantic president Trump clashes with the Democrats – one of the few clashes and we warn you of many more to come… Trump’s Wall will produce the Mexican …ladder so to speak. Let’s watch the talks with Kim of North Korea how they evolve…

China will feel the painful reprisals from president Trump on Tariffs and other issues very soon. Mind the Taiwan saga, an adventure China cannot afford at the end of the day…

Putin’s Russia continues to reassert itself…

Japan is closely watching all the happenings…

Africa’s mess continues… That’s very dangerous…

That’s all for tonight and we still warn you to be fully alerted and on guard from actions emanating by Pirates, Terrorists, Criminals and Business Hooligans wherever you are on Planet Ocean!

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