Contained losses with the BDI@773 amid messy Geopolitics

Chartering, Dry Bulkcarriers, Insight, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce — By on January 8, 2020 at 11:48 PM

John Faraclas

Contained losses with the BDI@773 amid messy Geopolitics

The BDI (Baltic Dry Index) lost 18 points since yesterday and now the situ becomes a bit critical with unknown repercussions.  The Geopolitical situation following an early morning Iranian ballistic attack against bases with possible American personnel there might cause mess in the wider Middle East region. More rockets hit later on the Green Zone in Baghdad! John Faraclas’ brief market and Geopolitics recap:

The Capes’ BCI lost 74 points and now stands at 1,197; it also lost the 1,200 points threshold!

The Panamaxes lost 42 points and now the BPI stands at 803…

The Supras’ BSI was down 18 points and now reads 593; it also lost the 600-point threshold!!!!!

Eight points down for the Handies’ BHSI now at 426!

All in all a falling Dry Market but at least today the fall was contained!! The gap is now 1,474 points (2,247 – End Dec 2013 minus 773 points today)… 

Mixed feelings once again with the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,520 – plus 11 and 857 – minus 20 points respectively.

The WTI as these line are being written stands at US$59.61 – a good sign for all… Is it because of the “de-escalation” between the USA and Iran…?

As said in the preamble the early morning ballistic attack against American targets in Iraq by Iran failed to harm the USA’s presence there. President Trump might use a cocktail of means to harm Iran… Sanctions and a military might that Iran cannot afford to confront… are the USA means.  There will be a spree of terrorism though and we suggest caution…

The MIGRANTS still the main issue in Geopolitics. In Greece there was a wide ministerial meeting on how to tackle the MIGRANTS; a must here and now so as to avoid the social cohesion!

BREXIT talks between British PM Boris Johnson and European Commission’s head Ursula von der Leyen seems to saw still problems ahead and also it looks impossible by the end of 2020 to have a trade deal as comprehensive as initially envisaged… The British MP looks optimistic though; time will tell but it’s not over until it’s over!!!

Besides the early morning Iranian attack in Iraq there was also an accident with an Ukrainian airplane crash inside Iran after it took off from Teheran airport; 176 people died in this crash…

The situation in Libya is worrying; Turkey must withdraw its troops !! Expect mess

Once again we remind you of the situation all over the Med … The Faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa remains ultra-tensed !

That’s all for tonight and we urge you to remain on guard from actions emanating from Pirates, terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean…

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