Pinch me, the BDI is up nine points amid geopolitical mess

Banking, Books, Chartering, Comment, Dry Bulkcarriers, Energy, Finance, Markets, Military, Reports, Sanctions, Shipping Indices, Trade and Commerce — By on November 12, 2019 at 11:55 PM

John Faraclas

Pinch me, the BDI is up nine points amid geopolitical mess

The BDI (Baltic Dry Index) …”hit” back today and a …record of plus nine points was observed bringing same up to 1,354 points. The Geopolitics cannot be followed anymore and be prepared for everything… John Faraclas daily brief:

The Capes lead the way up with the BCI up 92 points at 2,485 points…

All the other indices fell confirming our long standing view that one size, even two cannot dictate and or constitute a market.

The Panamaxes’ BPI was down 39 points at 1,207 and might fell even further…

22 points were lost from the Supras’ BSI now at 774…

The Handies’ BHSI lost seven points and now reads 526…

The Wets with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 941 – plus 39 and 603 – minus 11 respectively… Wonder if the Dirties rebound continues and go over and above the 1,000 point mark!

The WTI as these lines are being written stands at  US$ 56.80

On the Geopolitical front now:

Geopolitics remain as always the most important issue influencing 100 centum the entire Shipping Industry! Whatever we have mentioned over the last couple of years remains firm and unfortunately dangerous affecting the entire Shipping and Trading industries!

The Migrants issue – what an issue! It gets worse every single day as there isn’t the political will to solve it everywhere, particularly in the entire Med and Black Sea! In Greece for example they send from the Eastern Aegean Greek Islands the MIGRANTS all over the Greek mainland causing harm and destroying the social cohesion there too. No one wants to hear the MIGRANTS issue… It is the Political and diplomatic establishment to blame. Expect spill overs…

The faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa continues to give quakes and tsunamis in more than ten flashing points:

The Catalonian issue; the Italian financial situation; the Western Balkans – Serbia and Kosovo at odds; the denial of the EU over Albania and North Macedonia to start entry talks might trigger further mess; the Turkish and Russian interference – both stirring up the region with both using religion as a further tool…

The Turks pestering Greece and Cyprus in the Aegean and Eastern Med not just for energy issues but beyond that…

The North Africa mess with the lawless Libyan issue still pausing threats for many in the region…

The Syrian mess with Turkey’s blackmail intervention to get rid of the local Kurds… All major super powers one way or another are fully involved…  the ISIS fighters at large now pausing a big threat for all… The Russian established important presence in the region with Syrian President Assad still in power!!!

The general Arab – Israeli conflict continues since the 1948 UN accord…, the 1956 mess hte six days war in 1967, the Yom Kipur War in 1973 and many more…. Give Peace a chance!!!!

Iraq, Iran also in a messy situation with Iran also objecting to USA’s supremacy in the region – this might ignite further issues given the sanctions and Iran’s nuclear programme.

The Black Sea “seems” quiet with the Russian / Ukraine issue not just over Crimea, but beyond that… The Arabian peninsular  and what might happen there as there is a weakness in earnings… CAUTION…

Further East the Subcontinent with India and Pakistan at odds over Kashmir…

Further up in Afghanistan the deaths continue; this country holds another trophy on conflict and death!!!

Hong Kong’s situation must not only be watched, MUST end as things are in its 25th week and might produce messy happening NOT good at all for all. CAUTION!!

In the USA president Trump is attacked with the impeachment procedures amid a mega geopolitical mayhem and trade wars AND the forthcoming 2020 elections.

In South America we now have Chile and Bolivia in mess …joining the club; it’s not just Venezuela, or Colombia or Brazil or Argentina… CAUTION!!!

Africa is being governed with all due respect by fraudsters and interventionists – such as China and proxy was of any kind is the name of the game…

Add on the above the US$ 250 (twohundredandfifty) trillion debt  of Planet Ocean and see how same can be offset…

On another tone and note what an interesting book launching that was earlier on tonight at Doughty Street Chambers with the full support of the GPA – the Greek Press Association in the United Kingdom, on “Who Owns History?” by Geoffrey Robertson QC, a very distinguished lawyer, who excellently addressed the issue of the Parthenon Marbles, parts of which were stripped off by Lord Elgin…   Watch this space!

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


Uploaded: 15:25 GMT

Updated:   23:00 GMT

Second update: 23:55 GMT

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