Falling BDI might be worse next week…

Chartering, Dry Bulkcarriers, Events, Food and Drink, Holidays, Logistics, Markets, Military, People and Places, Ports & Terminals, Reports, Ship Agencies, Shipping Indices, Stock Markets, Tankers, Trade and Commerce — By on December 13, 2019 at 11:15 PM

Falling BDI might be worse next week…

The BDI (Baltic Dry Index) lost 33 points earlier on today and now stands at 1,355; on a weekly basis the BDI was down 203 points from last week’s (06/12) 1,558. So the 1,400 and 1,500 thresholds has …vanished. The main culprit being, one again, the Capes… Geopolitics still more than perplexed. John Faraclas’ brief daily and weekly recap:

The Capes’ BCI lost 143 points and now reads 2,455 which means many thresholds have been lost given the weekly loss of 818 points – from 3,273 on the 06/12…

The Panamaxes’ BPI survived – the only type with daily and weekly gains and closed with eight points plus at 1,467. The weekly gains were 120 points – from 1,347 last week.

Daily and weekly losses for the Supras’ BSI were the same; 12 points down today standing at 823 and weekly too from 835 respectively…

Stagnation for the Handies’ BHSI a 509 but alas two points plus since last week’s 507 points…

So in a nutshell: a falling Dry market and per pour title we believe the fall will continue next week; end of the story!

The Wets continue to look promising; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,440 – up 21 and 892 – up 13 respectively. On a weekly basis the Dirties were up 125 – from 1,315 (6/12) and the Cleans 88 from 804 (6/12) points respectively.

The WTI stood at US$ 60.07 which is 87 cents higher than last week’s US$ 59.20… Once again CAUTION as whatever is above the US$ 49.99 works against the interests of the 7.7 billion on Planet Ocean…

The Geopolitical situation remains dodgy and things, as we have predicted, might turn sour at any moment; there is no diplomacy whatsoever only odd and asymmetrical tactics by the business stakeholders and business hooligans. Technically  we are at War in a very strange way. Economic wars are far more difficult to fight…

MIGRANTS remain the most important issue particularly in Europe’s and NATO’s southern east flank with Turkish president Erdogan sending them over to Europe via the Greek Islands and lately even via the Evros river and also externalising his domestic problems to avoid sitting in the dock due to corruption issues; who doesn’t know about them… As we have dozens of times written in our reports, he is trying to stir-up every neighbouring nation even up to a radius of 1,000 miles around today’s Turkish borders be it Albania, Cyprus, Greece, Kosovo, Libya, Syria to  name but a few… Ultra-CAUTION should be observed!!!

Boris Johnson’s outright election win is expected to change many issues to the better and worse for the United Kingdom…  How will he handle the Pound, BREXIT and Scotland as well as how he will lead the UK in today’s competitive world with the Trade Wars looming in the background… These are some major issues needing immediate solution!! And the NHS!!! The Conservative party has to redefine British Politics and no mistakes are allowed in this day and age.  By the way, we were very close in our prediction on the parties  seats results being: CON 365 plus 17 – an overwhelming majority, LAB 203 minus 59 –  simply: a disaster, SNP  48 plus 13 (13 for luck), a landslide win, LD 11 minus one; what a pity for Jo Swinson NOT to be elected but this is real Democracy. You must be elected and not because you lead a party you have a “gratis” entry into Parliament. This MUST apply everywhere on earth! The DUP 8 – minus two and all other parties 15 – plus two complete the results. Yesterday it was a Thursday to remember!!!!

Today marks 46 years since the start of the three-day week in the United Kingdom as a result of the energy crisis post the Yom Kippur war; I am sure you all remember what was happening…

 

Maria Angelidou speaking to guests

On another tone and note what a great event that was GAC’s Christmas party at Istioploikos Restaurant– virtually meaning “Sailing” club restaurant at Microlimano just off Piraeus… The invite – send out well in advance read: “Claim your table with the top dog!” was more than appropriate given that the turn-out was beyond the hosts expectations. WISTA Hellas’ Treasurer Maria Angelidou skills at GAC – where she holds the position of Group Marketing Manager (Greece, Cyprus, Croatia, Montenegro & Slovenia), paid off with this exceptional event on all counts; who wasn’t there!

Maria Angelidou with Nikos D. Marmatsouris

Good to see also our AKSS alumni Nicholas Marmatsouris, senior marketing manager at GAC and a great promoter for this company’s interests on a global basis as well as Athanasios Karelis the operations coordinator of the Thessaloniki branch – northern Greece, greeting the incoming guests.

GAC continues its expansion not only in Greece but all over Planet Ocean and viewers can see the latest news herein when searching GAC events et al herein in www.allaboutshipping.co.uk!

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The food was excellent, the wine mythical – a very good selection and a must to be mentioned; the sweets too and the service unique! One of the best Christmas parties in the last decade!

Next week there are over 100 Christmas events in London, Piraeus and New York; watch this space!

That’s all for now, have a nice evening as well as weekend and continue to remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you ae on Planet Ocean!

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