The Dry Market might turn a liability for all, unless…

Charity, Chartering, Civil Unrest, Dry Bulkcarriers, Markets, Music, Safety and Security, Shipping Indices, Statistics, Stock Markets, Trade and Commerce — By on November 22, 2019 at 11:45 PM

John Faraclas

The Dry Market might turn a liability for all, unless…

The BDI (Baltic Dry Index) gained 29 points since yesterday and now stands at 1,284! One a weekly though basis the BDI was down 73 points! Geopolitics in jeopardy…  John Faraclas’ daily and weekly recap:

The Capes did it once again; the BCI was up 92 points since yesterday at 2,493 but on the weekly count down 142 points (from 2,635 last Friday the 15 of November).

The Panamaxes’ BPI stay put at 1,129 but gained 11 points over the week – from 1,118…

A “good” performance by the Supras’ BSI now at 747 – plus 116 points but down eight since last week’s 755.

The Handies’ BHSI lost a point and now stands at 494 – a crucial figure and situ as it has lost the 500 point threshold; same was down 15 points since last week when it stood at 509.

The Wets on the up; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,296 – plus 20 and 880 –  plus 38 points respectively. On a weekly basis the Dirties were up 177 points – from 1,119 (15/11) and 248 – from 632 (15/11) points respectively… Let’s see were this ends…

Remind you our tip: Go for newbuildings!

The WTI stood at $57.90 which is also 18 cents higher since last week’s US$ 57.72.

The Environmental Regulations, the famous 2020 is still in question, particularly its “performance”…

The Geopolitics still being governed by the MIGRANTS issue which unless contained will lead to despicable mess of incalculable repercussions…

In the Med and in particular in the Aegean Sea the surge of incoming MIGRANTS is a catastrophe for all. NATO and the European Union MUST intervene before it’s too late… No excuses please! North Africa too with the lawless Libya and the influx of Migrants to Italy MUST also end…

The Turkish provocative behaviour  against all its neighbours MUST end. Wonder why NATO and the European Union allow the Turkish blackmail to prevail. It is too much… Why the European Union accepts the violation of its airspace and territorial waters by Turkey for two member states, namely Cyprus and Greece?

Still a mess in the faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa… The East Med / Middle East and its periphery in a state of an all out war… Israel feels uneasy with Iran and others and might act accordingly. 

In Europe the European Union MUST get its act together… BREXIT will also worsen the situ…

The United Kingdom’s forthcoming elections might be inconclusive and at the end of the day it’s not what people vote is what happens… CAUTION.

At the other side of the Atlantic in the north part – that’s USA, president  Trump has a lot to take care off; watch this space…

It the South, too much revolts and social upturns… Venezuela in a state of limbo… Brazil and Argentina too…  Bolivia, Colombia and Chile it might turn to a nasty social upturn… Just think of commercial ships and cruise vessels at these countries ports or tourists getting into unwanted situations there…

In Asia, the Hong Kong issue must be curbed and lets see the elections what they produce over the weekend.

The Trade Wars continue; no sign of a deal yet between the main field combatants,  the USA and China… Watch-out China’s game and tactics to control the resources…

Prof. Roderick Beaton during his introductory speech

On another tone and note “Byron, Greece & European Musical Conversations”,  a very special  poetry and music evening at London’s Hellenic Centre great hall was more than unique; the European influences on Greek music of the late 19th and 20th century and Byron’s affiliation with Greece during the Revolution  were revealed through selected violin and piano works and Byron’s poetry.

The speech/introduction with excellent slides by Prof. Roderick Beaton more than food for thought! One of the slides took me back five and a half decades when my late father was explaining Byron’s poem Don Juan, canto 3 lines 701-706 written in 1819 and same was also part of a study in AKSS’s (Anargyrios and Corgiallenios School of Spetsae)  English Club!

…another view of the audience

Oliver Nelson (Violin) and Vassilis Rakintzis (piano)  received a great applause from the 180 plus strong international audience. Their performance was on:

Spiro Samaras’, Sérénade Française (transcr. Nelson/Rakintzis) ; Sérénade d’ Autrefois (transcr. A. Rosel). The Beethoven Sonata no.10 in G major Op 96. After a drinks interval we heard  Marios Varvoglis’ Hommage à César Franck; excellent. The score of this piece which was composed in 1922 was accessed though the private collection of the Greek conductor, violinist and researcher  Dr. Christos Colovos. The finale was Franck’s Sonata in A major.

l to r: Oliver Nelson, Dr. Spyros Retsas, Vassilis Rakintzis, Mrs. Agatha Kalisperas and Prof. Roderick Beaton

The event was also supported  by Dr. Spyros Retsas in memory of the late Dr. Diana G. Rees (Retsas).

Many congratulations to the Hellenic Centre for organising this unique event which attracted an international audience never ever seen there before!

Coming up next week, the IMO 31st session (25 Nov to 4 Dec). The IMO Assembly, the Organization’s highest governing body, meets every two years. It is responsible for approving the Organization’s work programme and budget for the next two years and electing the 40-Member Council, as well as considering substantive issues emanating from the Organization’s Council and five Committees. The Assembly  is expected to confirm the appointment of IMO Secretary-General Kitack Lim for a second four-year term in office. On Monday also we will have the Awards Ceremony which is the presentation of the 2018 International Maritime Prize and the 2019 IMO Award for Exceptional Bravery at Sea! All …eyes and ears are focused on 4 Albert Embankment for these biennial events!

Wishing you all have a nice evening, weekend too and urge you to continue remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean.

P.S. Look forward seeing you at the HESGB Taverna launch 2019 on Sunday the 24th of November at the Real Greek restaurant in Westfield Shopping Centre at Shepherd’s Bush!

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