The BDI@1,777 still buoyant with a record

Chartering, Dry Bulkcarriers, Markets, News, Reports, Sanctions, Shipping Indices, Statistics, Stock Markets, Tankers, Tenders — By on July 10, 2019 at 5:49 PM

John Faraclas

The BDI@1,777 still buoyant with a record

The BDI Baltic Dry Index gained half of what achieved yesterday – the 34 points plus and now with the 18 points clinched today stands at 1,777… Geopolitics… err the world is on fire; John Faraclas early recap news:

The Capes gained only 18 points and the BCI now stands at 3,361 points…

Forza for the Panamaxes with the BPI up 52 and reading 1,791 points…

Ten points for the Supras’ BSI now at 845… not bad….

Slightly better for the Handies’ BHSI with plus five points and now standing at 463 – performing good according to the circumstances…

Falling Wets yet again; the last published BDTI (Dirties) and BCTI (Cleans) stood at 640 – minus five and 529 – minus seven points respectively…

The WTI as these lines are being written stands at US$ 59.84 – very bad as this level will trigger more uncertainty for Planet Ocean’s poor masses – the 95 centum at least!!! CAUTION! OK, we’ve seen back in Spring 2008 the US$ 147 mark, but now things with shale too and perplexed geopolitics and Iran moving dangerously, North Korea still far apart and Turkey stirring up the East Med with incalculable repercussions for all we might have chaos…

The Geopolitics continue to be messy:

The Migrants issue maintains top position. An example is the Greek Island of Chios in the East Aegean off the Anatolian coast with 2,500 still there and in inhumane conditions… The summer time brings more MIGRANTS everywhere in the MED and many are drown… Pity, Shame!! By the way: elsewhere is far worse, say at Moria in Lesvos…

Turkey continues to violate the EEZ of Cyprus as well as the Greek air space and sea borders being also borders of the European Union.  The EU and the USA have adequately warned Turkey to stop the drillings in Cyprus’ EEZ. Moreover the USA have warned president Erdogan NOT to get delivery of the S-400… Turkeys response includes the F-35 and I can assure you we are going tot witness mess…

The Greek opposition in its entirety begun the classic dirty party politics and are still playing around accusing the newly elected government of Kyriakos Mitsotakis with petty things. A vey childish, better say moron’s approach. Shame! Let Mitsotakis govern; you have lost guys and dolls….

The BREXIT mess continues… Caution!! Caution also fro whom the Conservative party elects as its new leader…

The UK Ambassador to the USA resigned… Too much at stake thee. Wonder one day to see who leaked the info!! It will be great to know and then the shit will hit the fan…

What’s up with the Fed’s head Jerome Powell and president Trump?  How do you interpret: “The law gives me a four-year term and I fully intend to serve it.”, eh!

Iran plays with time and the patience of the USA. France is trying to mend things… By the way, with respect the laden with Iranian oil ULCC “Grace 1” arrested in Gibraltar for which we refer during last week or so, we bring you herebelow some interesting info:

Leigh Hansson

Leigh Hansson, a partner in Reed Smith’s Global Regulatory Enforcement group and a leading lawyer in the firm’s International Trade & National Security team, said:

“The UK’s seizure of an Iranian oil tanker bound for Syria is a reminder of the broad reach of both US and EU sanctions regimes. The tanker was seized as it was deemed to be in breach of EU sanctions on Syria. Given that Iran is not a member of the EU, it might seem flawed to cite Iran as having fallen foul of EU sanctions. However, the vessel was seized off the coast of Gibraltar which, as a British overseas territory, is part of the EU, so EU sanctions would indeed apply.

“This event should act as a stark warning to businesses and organisations seeking to continue their operations with regions that are currently subjected to sanctions: sanctions apply and are being enforced even in areas that may not seem immediately obvious. It is advisable to consider carefully whether any planned activities linked to sanctioned regions might be construed as infringements of an extensive and well-policed regime.”

In Hong Kong CAUTION is the best remedy as well as restrain from both sides…

More news at the next update before midnight; until then remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business hooligans whatsoever wherever you are on Planet Ocean…

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