Dry Market paint in Red with Wets twists and turns amid Geopolitical dramas’

European Union, Insight, Markets, Military, News, Piracy and Terrorism, Politics and Government, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce — By on October 16, 2019 at 10:56 PM

John Faraclas

Dry Market paint in Red with Wets twists and turns amid Geopolitical dramas

The BDI (Baltic Dry Index) lost just one point earlier today and now stands at 1,897 points. The wets with mixed feelings and Geopolitics completely out of hand. John Faraclas’ midweek brief recap:

The Capes’ BCI was down ten points to 3,194…

The Panamaxes lost 30 points with the BPI now reading 1,888…

The Supras and the Handies both lost a point; the BSI and BHSI now stand at 1,226 and 655 points respectively. A dry market to wonder…

The Wets with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,641 – down 156! and 1,031 – up 71 points respectively. A very perplexed situation with both wets. The good thing is that both ae now above the 1,000 threshold!

The WTI as these lines are being written stands at US$ 53.36 – a bit up since yesterday’s US$ 52.81…

The Geopolitics continue to worsen:

The MIGRANTS multiply given this next round with the Turkish invasion in Northern Syria…

President Erdogan and his administration are defiant as never before and that will cause a bigger mess in the entire region – a region of 1,000 miles around Turkey.

President Assad’s forces and its Russian backers are now allied with the Syrian Kurds… Expect a despicable outcome as Erdogan looks like Saddam Hussein and Colonel Gaddafi… You all know what happened to them…

Turkey also continues to violate Cyprus’ and Greece’s airspace and EEZ which is also the European Union’s EEZ and territory… The Europeans and the Americans opted for sanctions but in our humble view president Erdogan doesn’t give a damn… Only a military intervention can do the trick here and now. Let’s see what happens over the next 48 hours…

Let’s mainly see what the USA president has in mind…

BREXIT seems possible to deliver a solution good for all; we eagerly await…

That’s all for now and we urge you to remain on guard for actions emanating by Pirates, Terrorists, Criminals  and any Business Hooligans whatsoever wherever you are 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 9 + 10 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback