Market collapse continues with the BDI@1,428

Banking, Chartering, Dry Bulkcarriers, Energy, Environment, Markets, Ship Demolitions, Shipfinance, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce — By on November 7, 2019 at 11:55 PM

John Faraclas

Market collapse continues with the BDI@1,428

The BDI (Baltic Dry Index) lost 105 points thanks to the Capes’ three digit fall. Geopolitics still mess and Grammenos’ brigade continues its success on day two; John Faraclas’ brief recap:

The BDI lost its 1,500 points threshold and let’s hope the fall will be either contained or halted as otherwise thing might get off hand…

The Capes’ BCI lost 209 and now stands at 2,517 points; it also lost its 2,700 and 2,600 thresholds!

The Panamaxes’ BPI lost 45 points and now reads 1,340!

The Supras’ BSI lost 61 points and now stands at 865, losing also the 900 points threshold!!

The Wets also on a falling but a bit contained mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 9114 – minus 24 and 622 – minus eight points respectively.

The WTI stood at US$ 57.15 up 80 cents since yesterday… That’s the bad news!! We need to see the WTI below the US$50.00 mark!

The Geopolitical situation remains more than perplexed and be ready for 2020 which might be the year of reckoning; CAUTION!!! As we have stated in the past on canvas, we need leaders and not managers, we need leaders and not just politicians to get us out of this crisis despicable crisis. We are already crashed and we are going to be completely squeezed – flat-out soon… The “fundamentals” are here to stay:

To begin with, a colossal global debt of US$250 (twohundredandfifty) trillion dollars that only a general conflagration will end under the “pretext” / maxim: “War Father of All, if you don’t destroy you cannot rebuilt”.

Shipping will be greatly affected both in a positive and negative way… Shipowners have been targeted and attacked by Environmental Mayhem by the politicians…

New kids in the block will cause havoc and religion will have a pivotal role; the agnostics are here to cause a big mess…

Issues like BREXIT and nuclear control…

The ongoing Trade Wars…

Dr. Ioannis C. Moutzouris

The second day of the 35th Anniversary of the Costas Grammenos Centre for Shipping, Trade and Finance combined with the 9th City of London Biennial Meeting, 6-8th November at the IMO HQs was yet another success but obviously we need to see more questions from the audience! What an excellent finale today with a great panel debate on Environment and Regulations chaired by Sir Efthimios Mitropoulos and that on Technology and Innovation chaired by Prof. Martin Stopford with the discussant Dr. Ioannis K. Moutzouris stealing the show! Excellent!

Due to my “annual drydocking” missed the morning panels on Oil and other Forms of Energy and that on LNG Trade and Shipping but I am sure we will have the speeches etc from the secretariat.

One thing for us in allaboutshipping.co.uk was one slide by Dr Anthony S. Papademetriou mentioning the “alternative alternatives” as well as the concerns of hypocrisy on the issue of 2020 and all that by George Procopiou.

Our view is that if we opt for the alternative sources of energy, big money will change hands…. Try to digest this and then you must revolt before it’s too late!!!

 

 

 

Dr. Nikos Mikelis and John Faraclas

Very pleased to have in the audience my schoolmate from Anargyrios and Corgialenios College of Spetsae Dr. Nikos Mikelis, author of the recycling issue on the Hong Kong Convention book mentioned by Sir Efthimios Mitropoulos; he was warmly applauded!

Let’s see the finale tomorrow wit the Dry and Wet markets – which are suffering these last two weeks AND the last two days in particular, the Banking and other forms of Finance and finally the Capital Markets and Private Equity…

Have a nice evening and remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean!

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