Is this a Market …rebound?

Dry Bulkcarriers, Markets, Tankers — By on February 15, 2016 at 11:59 PM
The Baltic Exchange

The Baltic Exchange

Hopes are high but we guess it is early days for any celebration whatsoever unless/until we see the safe level of 2, 000 in the BDI! John Faraclas reports:

With four points plus, the second day in a row of and upwards trend the BDI is still very very low and conversely the entire Dry Markets!

The Capers gained another five points getting above the 200 points mark at 2014, the Panamaxes with a plus double figure reaching 334; the Supras’ and its respective BSI with four points plus at 247 and the BHSI steady at 183 still paints a bleak picture of the Dry Market.

Owners are still finanicing their ships to see them runnig, but for how long? It’s about time to understand not to throw good money aftre bad, particularly when your days are counted… Too many issues are at stake lately, and more is in the pipeline!

The Wets with mixed feelings; the last published BDTI and BCTI with plus/mius six each respectively now standing at 819 and 535.

The price of oil, the WTI just above the US$ 30 and with the geopolitical turmoil things can get dangerous for the oil prices.

Mentioning geopolitics, the world is on a very difficult balance and it’s not just down to President Putin’s decisions on the Syrian front, but to all proxy combatants there: CAUTION! Add Ukraine’s new internal turmoil with detriemntal consequences and see what’s coming up in the region!

Still a good market to buy new tonnage and expect a bit of a mess from bankrapties et al…


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