Falling BDI@1,189: Liabilities ante portas

Chartering, Dry Bulkcarriers, Markets, Military, Reports, Shipping Indices, Tankers, Trade and Commerce — By on January 10, 2019 at 10:18 PM

John Faraclas. Picture credits George Christakis

The BDI (Baltic Dry Index) lost 49 points earlier on today and  given that all indices are in red, the situation in the Dry and Wet Markets turns to a major liability for all stakeholders – and looks likely tomorrow the Markets will be on a falling mode again. Geopolitics create too many jeopardies. John Faraclas’ brief market recap:

The Capes’ losses come close to 100 points – 91 to be precise with the BCI now standing at 1,987 points.

The Panamaxes BPI was down 48 point and now reads 1,170…

23 points loss for the Supras’ BSI now at 870 points.

Ten points the losses for the Handies BHSI now reading 536 points.

The gap widens from the end of Dec 2013 – when the BDI stood at 2,247 points, to 1,058. CAUTION!

The Wets too on a falling mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 957 – minus ten and 683 – minus one respectively…

The WTI rose to US$ 52.59 – the same more or less level a month ago when on the 13th of December 2018 it clocked US$ 52.58!!!! CAUTION!!!

The geopolitical aspects are more than crucial all over Planet Ocean.

MIGRANTS still creating chaos in both sides of the Atlantic with incalculable repercussions in the future. There should be an end to this despicable saga.

The vacuum that might be left behind by the USA in case its ground forces leave Syria might create havoc and a conflagration in the region and in the Balkans. CAUTION!

Turkey must be put into notice to respect the entire region’s frontiers as it might cause a total recall in the region.

Greece in dire straits both internally and externally.  fYroM name should be something else as if one gives in on one issue the other side will demand everything and totally out of context. Reality counts at the end of the day. Ultra caution should be observed.

Italy and France as well as Germany face debt issue despite asking small nations to be proper…

BREXIT begins to shake Planet Ocean whatever the final result and its consequences…

President Trump tries the fourth way/style to run a state and the USA he leads will counter back a different response from what he expects.

That’s all for now and will revert before midnight with two events in Athens – a conference and an award and in London with an extraordinary arts exhibition; until then remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans wherever you ae on Planet Ocean!

Tags: ,

Leave a Reply

IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)

What is 15 + 9 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback