Bad start for February as the BDI drops further at 314…

Markets, Statistics, Stock Markets — By on February 1, 2016 at 11:59 PM
The Baltic Exchange

The Baltic Exchange

Another all-time low as February enters the calendar: a modest three points down and the BDI clocks 314! John Faraclas’  daily briefing:

The Capers’ BCI, the most volatile and unpredictable of all sizes index gained five points closing at 215.

The Panamaxes and Supras continued their fall  at 282 and 299 points, that’s minus five for both and the Handies; BHSI lost three grounded at 216 points.

Mixed feelings for the wets, the last published BDTI and BCTI closed at 817 – that’s a plus 11 points and 645, that’s minus five, irrespective the oil turbulances…

 

Geopolitical issues are to the fore going from worse to worse. Be on guard.

Despite all the above, we continue to believe that this is the best market to acquire tonnage, particularly newbuildings…

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