Market Volatility continues amid Global uncertainty

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John Faraclas

Market Volatility continues amid Global uncertainty

The BDI (Baltic Dry Index) was up 34 points earlier on today at 1,759. Geopolitical uncertainty the name of the game… John Faraclas brief daily recap:

It was only yesterday that we witnessed the first hiccup following over weeks  of continuous rise of the BDI thanks, primarily, to the Capes and to a certain extent to the Panamaxes.

The Capes’ BCI nearly re-gained its yesterday’s losses and was up 83 points to 3,343…

The Panamaxes’ BPI  continue to rise and at 1,739 – up 44 points, returns to …”safety”.

The Supras’ BSI was up six points and now stands at 835; another good deep breath here!

Four points plus for the Handies’ BHSI now standing at 458!

The Wets on a falling mode; the last published BDTI (Dirties)and BCTI (Cleans) stood at 645 – minus five and 536 – minus six points respectively…

The WTI gained 117 cents since yesterday and now reads US$ 57.83; CAUTION!!!

The Geopolitical issues are more than disturbing and crucial:

The MIGRANTS still on top…

The Turkish provocative drillings in Cyprus’ EEZ which made France ask Turkey to abort the entire process as same will become detrimental and cause even a war… Meantime provocative Turks leak in the news that the delivery of parts of the S-400 begun arriving… Watch this as the USA and NATO will for sure reprimand Turkey with the assistance of the EU whose lands and sea Turkey violates…

Greece next door closely watches the situation and the new government sworn in today made respective comments and complaints via its newly appointed Minister of Foreign Affairs…

The USA and the United Kingdom are at odds vis-à-vis the British Ambassador’s “behaviour” condemned by president Trump…

Boris Johnson and Jeremy Hunt exchanged blows on a live ITV debate…  BREXIT  or Remain might happen following a general election… we shall see what happens and time will one day award the winner…

Enriching uranium process could soon put the USA and its allies in collision course with Teheran… Ultra caution should be observed as a naval force takes on the security of the  Straits of Hormuz and also many have now specialist guards to avoid reprisals following the ULCC’s “Grace 1” case in Gibraltar!

On another tone and note now:

The Seabin

Did I hear you say the Environment…eh? Well, we are pleased to announce that the first Seabin was presented with an impressive demonstration at the Flisvos Marina in Paleon Faliron, Athens in the presence of the newly elected mayor John Fostiropoulos for the public awareness. This specific unit for the collection of plastic waste from the sea and for safeguarding sealife  is part of the LifeGatePlasticesProject whose aim is to contributed in the cleaning the sea at the Mediterranean Marinas. The Seabin has already been installed in Naples, Genova and Venice as well as in Milan (Naviglicanals) and has the capacity of collecting up to 500kgs of plastic waste per annum.

l to r: Paleo Faliron’s Mayor John Fostoropoulos with Jerome Salemi and Stavros Katsikardis

Present in the event were the general manager of Air France–KLM – the main supporter of the project, Jerome Salemi who felt proud in the installing the unit at the Flisvos Marina, as well as the CEO of LAMDAFlisvosMarinaS.A., Stavros Katsikadis who welcomed is KLM initiative in selecting also the Flisvos Marina. Excellent. Falifornia gets better all the time!

Finally it is to our deep regret to learn that Ross Perot, the Texan billionaire, has died at the age of 89. A tough but honest candidate in two USA presidential elections 1992 and 1996, he will be remembered! 

More news on the first update… until then remain on guard from actions emanating by Pirates, Terrorists, Criminals and business Hooligans whatsoever wherever you are on Planet Ocean…

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Uploaded: 22:42

Updated:   23:58

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