Markets

The BDI@738: a good start for the market’s resurrection?

John Faraclas

The BDI@738: a good start for the market’s resurrection?

The BDI (Baltic Dry Index) gained 12 points and now stands at 38; a good start for the market’s resurrection… Geopolitics still might produce upheavals in all fronts… John Faraclas’ daily recap:

The Capes’ BCI was up 27 points and now stands at 445!

The Panamaxes BPI at 1,092 – plus 19 points

Minimal gains but gains for the Supras’ BSI now at 714 plus three points.

The Handies’ BHSI as expected lost the 400 points threshold and...

http://www.allaboutshipping.co.uk/2019/04/15/the-bdi738-a-good-start-for-the-markets-resurrection/

Sergio Fabbrini on the future of Europe, Mojmír Hampl on China and the West, and more

OMFIF Update 8-12 April 2019 Vol.10 Ed.15

Sergio Fabbrini on the future of Europe, Mojmír Hampl on China and the West, and more

COMMENTARY 

Beijing ready to ‘China-ise’ the West

China is enjoying growing wealth because the authorities have set loose beneficial market forces. Many western firms have profited and many more crave the country’s custom. This means Beijing can now take the route of ‘China-ising’ the West, including by promoting wider use of the renminbi, writes Mojmír Hampl.

Read more.

PODC...

http://www.allaboutshipping.co.uk/2019/04/13/sergio-fabbrini-on-the-future-of-europe-mojmir-hampl-on-china-and-the-west-and-more/

Dirties, Capes and turmoil rule the day

John Faraclas

Dirties, Capes and turmoil rule the day

The BDI (Baltic Dry Index) Was down two points at 726 but gained 15 points since last Friday- 5th of April, 15 (from 711). The Geopolitical turmoil continues on all fronts. John Faraclas’ daily and weekly recaps:

With the “exception” of the Panamaxes all the Dry Indices fell today and with the exception of the Capes all weekly indices fell too…

The Capes’ BCI lost five points and now reads 418; on a weekly basis though same was up 142 – from 276...

http://www.allaboutshipping.co.uk/2019/04/12/dirties-capes-and-turmoil-rule-the-day/

PERFORMANCE SHIPPING INC. Announces the Date for Reporting the 2019 FIRST Quarter Financial Results

PERFORMANCE SHIPPING INC. Announces the Date for Reporting the 2019 FIRST Quarter Financial Results

 ATHENS, GREECE, April 12, 2019 – Performance Shipping Inc. (NASDAQ:DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today announced that its financial results for the first quarter ended March 31, 2019 are scheduled to be released before the opening of the U.S. financial markets on Friday, May 10, 2019.

About the Company
Performance Shipping Inc....

http://www.allaboutshipping.co.uk/2019/04/12/performance-shipping-inc-announces-the-date-for-reporting-the-2019-first-quarter-financial-results/

Daily Overview of Global Markets & the SEE Region (Friday, 12 April, 2019)

Daily Overview of Global Markets & the SEE Region (Friday, 12 April, 2019)

HIGHLIGHTS

WORLD ECONOMIC & MARKET DEVELOPMENTS

GLOBAL MARKETS:  Investors retain a cautious stance ahead of the start of the US Q1 corporate earnings season today, which is expected to record the first quarter of contracting earnings since 2016. In addition, market worries over the global growth outlook prevail, with Asian equity markets recording a tepid performance in today’s session and European bourses opening in the...

http://www.allaboutshipping.co.uk/2019/04/12/daily-overview-of-global-markets-the-see-region-friday-12-april-2019/

Dirties have it…

John Faraclas

Dirties have it…

All Dry indices were down; the Wets saw the Cleans with losses and only the Dirties managed to clinch two points… Geopolitics are on the brink of a total recall with BREXIT becoming the pussy-cat so to speak but in a tough way… Aesop has always been revisited… my grapes are sour… John Faraclas’ brief recap:

The BDI (Baltic Dry Index) lost six points and now stands at 728 …

The Capes unsustainable with the BCI down five point at 423…

The Panamaxes’ BPI lost three points...

http://www.allaboutshipping.co.uk/2019/04/11/dirties-have-it/

Financial outsourcing: the benefits of new technologies for shipping

Financial outsourcing: the benefits of new technologies for shipping

Having weathered a difficult few years, the shipping sector continues to face many challenges. Ongoing economic uncertainty and conditions are likely to remain volatile for a number of years. However, overall confidence in the industry is reasonably stable and the sense is that “the worst is behind us”.

CEOs and CFOs in the shipping sector need to ensure their businesses are in the best possible shape to capitalise on future...

http://www.allaboutshipping.co.uk/2019/04/11/financial-outsourcing-the-benefits-of-new-technologies-for-shipping/

The BDI@734 amid Geopolitical chaos…

John Faraclaseopolitics

The BDI@734 amid Geopolitical chaos…

The BDI (Baltic Dry Index) gained nine points earlier on amid a very perplexed geopolitical environment given the EU’s important decision to grant an extension to UK on BREXIT and a bankrupt World. John Faraclas’ brief  recap:

Since 29/3, smaller sizes dropping daily whilst since 2/4 Capes increasing daily… Is this the preamble of yet another unsustainable and volatile market or a coincidence…

The Capes’ BCI was up 53 points surpassing...

http://www.allaboutshipping.co.uk/2019/04/10/the-bdi734-amid-geopolitical-chaos/

‘Submerging markets’ pose global threat, In conversation with Mark Sobel and Amias Gerety

‘Submerging markets’ pose global threat, In conversation with Mark Sobel and Amias Gerety

Commentary: ‘Submerging markets’ pose global threat

By Desmond Lachman in Washington

Renewed currency weakness in Argentina and Turkey underlines the risks that emerging markets, or rather ‘submerging markets’, could pose to the global economic recovery. Fortunately, given their relatively small size, the Argentine and Turkish economies cannot by themselves constitute a significant threat. The same,...

http://www.allaboutshipping.co.uk/2019/04/11/submerging-markets-pose-global-threat-in-conversation-with-mark-sobel-and-amias-gerety/

Brexit commentary | How this extension will benefit businesses

John Perry

Brexit commentary | How this extension will benefit businesses

John Perry, managing director of leading supply chain and logistics consultancy SCALA, commented:

“With the EU leaders granting the UK a further six month extension, we are now in a very interesting, if somewhat precarious position. While May is still seemingly persisting with her withdrawal agreement, others are now seriously discussing the possibility of a second, this time binding, referendum. Meanwhile, the European...

http://www.allaboutshipping.co.uk/2019/04/11/brexit-commentary-how-this-extension-will-benefit-businesses/

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