The BDI@659 has a long way to go…

Markets, Reports, Shipping Indices, Statistics, Stock Markets — By on April 18, 2016 at 3:28 PM
John Faraclas

John Faraclas

The Markets both wet and dry continue to rise, but caution must be observed; John Faraclas’ brief recap:

The BDI was up 24 points at 659, the BCI 2014 at 1, 030 surpassing the  threshold of 1, 000 points; the Panamaxes at 740 (+13), the Supras’ BSI with plus four now stands at 529 points and the Handies’ BHSI with seven points plus at 328 makes another positive day…

The Wets too on a plus modus; the last published BDTI and BCTI plus five and four reached the 793 and 536 points respectively.

The WTI plays the US$ 40 card, but still an uncertain figure…

Geopolitics get worse, so be on guard in all fronts…

Despite the above, we still maintain that this is the best market to invest in shipping!

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