Volatile Capes’ slight “rebound” but all other dry indices falling; the Wets balancing…

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John Faraclas

Volatile Capes’ slight “rebound” but all other dry indices falling; the Wets balancing…

The BDI was up 11 points earlier on today and now stands at 1,365… Messy Geopolitics might as numerous times have stressed turn Planet Ocean upside down! John Faraclas’ brief daily recap:

The Capes were the only size with a positive development and the BCI ended up 80 points at 2,565 – over and above the 2,500 points…

The Panamaxes BPI lost 37 points as well as the 1,200 point-threshold and now reads 1,170!!!

The Supras’ BSI was also down at 758 – minus 16 points…

Five points lost from the Handies’ BHSI now at 521…

Despite the advancement of the Capes and the BDI’s plus result today, we reiterate the view that one size CANNOT dictate NOR constitute a market; same applies even if two size are on an upturn… A very difficult market and as 2020 approaches even more difficult and predictably unpredictable market to come; CAUTION!

The Wets on a complete different mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 984 – plus 43! and 603 – no change respectively. Watch this space!!

The WTI was up 32 cents at US$ 57.12 sending worrying messages…

The Geopolitical environment remains difficult and very perplexed: MIGRANTS, Wars of any kind, expected conflagrations – yes in plural, all over, decisive elections in many nations particularly over here in the United Kingdom in less than a month – the countdown begun yesterday!! Politicians in trouble in many countries – in the USA, Bolivia to name but a few and let’s see what will be the cause of what we see as the WWIII – which in our humble view has begun “long” ago…

Tony Foster delivering his speech.

On another tone and note we attended an excellent update on where we stand in Shipfinance at the Royal Victoria Room of the Baltic Exchange; what a meticulous construed slides presentation that was by Tony Foster CEO – CIO of Marine Capital!

Very interesting comparisons, well thought expectations and simple delivery well understood by all present. Six interesting questions were well responded and more discussion and network at the drinks and dips reception.

Many congratulations for the Institute of Chartered Shipbrokers for organising this timely event  attracting nearly fifty delegates; well done also for ICS’ Eleonora Modde and Baltic’s Saama Addo for their organisational skills!

HESGB board members Costas Amarantidis and George Foustanos with a very strong members female presence!

In the evening, down at Ludgate Hill’s All-Bar-One, members of the HESGB – Hellenic Engineers Society of Great Britain, gathered for the Exponent* sponsored drinks and dips – excellent dips on all counts in a very jovial atmosphere with well over 40 members attending given also that it was a mid-week do but on the other hand it was The Long Awaited drinks gathering.

Congratulations to the Society’s long established member Maria Lagoumidou for hers and company’s initiative! Good to see young members too; Excellent!

Smiling faces; Evan Zaranis with HESGB president Dimitris N. Monioudis and Seafirst Marine’s James Yin.

Next HESGB’s event the lunch at the Real Greek Taverna in Shepherd’s Bush Westfield Shopping Centre- on Sunday the 24th of November; ensure you book on time!

Have a nice evening and remain on guard from actions emanating by Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean; we are living in interesting times!

*Exponent is an Engineering and Scientific Consulting Group

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