At least the BDI is “positive” and “gaining” momentum…

Energy, Markets, Shipfinance, Shipping Indices, Statistics, Stock Markets — By on February 26, 2016 at 8:09 PM
John Faraclas

John Faraclas

With two points plus the BDI ended an “upwards” rally closing the week at 327 points, that is an overall of  14 points plus since last week’s 313 points; not…bad eh! It could have been worse…  John Faraclas comments: 

The Capers have the stigma of volatility and rightly so; the owners and brokers most favourite size was down five points since yesterday standing at 177 and lost 43 since last week’s closing when it clocked 220 points; tough!

The Panamaxes were no exemption t the …rule and although gained six points since yesterday, lost six since last week standing at 352 from 358…

The Supras continued the plus ….trend but with a single digit standing now at 333 points, up 63 points since last week’s 270; something to celebrate… and finally the last of the dry ones that of the BHSI a … handful of three points plus at 212 and an overall of 15 since last week’s 197 points.

Still though a high and dry market!

On the wets the last published BDTI and BCTI stood at 751 and 519 respectively, that’s 16 points down for the dirties and just one up for the cleans. Big fall though since last week’s figures of 807 (minus 56) and 528 (minus nine); very much critical levels.

The price of oil WTI stood just above the US$ 32 but let’s wait to see what will happen with the Syrian ceasefire…

More and more lay-ups, more and more warnings from the stock markets on many reputable so to speak companies and  bankruptcies in and due to the pipeline…

Mind the geopolitical tsunami..

Tags:

Leave a Reply

IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)

What is 5 + 9 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback