BDI’s fall continues…

Dry Bulkcarriers, Markets, Shipping Indices, Statistics, Stock Markets, Tankers — By on May 10, 2016 at 11:58 PM
John Faraclas

John Faraclas

The BDI’s continuous fall puts global shipping in new perspective; John Faraclas daily market briefing:

Down 22 points and the BDI went below the 600 points mark, now standing at 594 and puts global shipping not just a new, but in a strange perspective!

The volatile Capers lost 85 points since yesterday, bring the BCI 2014 at 752, breaking also downards the 700 points threshold! The BPI – the Panamaxes stood at 581 points, losing only three…

Supras and Handies were also down with the BSI and BHSI standing at 567 (minus eight) and 352 (minus three) respectively…

So all in all a dropping dry market which puts the industry in new perspective and it remains to be seen how losses can be mitigated! An excellent …”market” for law firms… to all intents and purposes.

The Wets now; the last published BDTI and BCTI saw the Dirties remaining at the same level – that is 715 points, but he Cleans lost three points now standing t 508…

The price of WTI tries to maintain the US$ 45 levels as uncertainty mounts in geopolitical issues and in quotas…

Geopolitics itself and related issues will be the name of the game, if not IS THE NAME OF THE GAME, so be on guard of all happening.

Despite the above, we repeat that this is the best ever buyers’ market in the history of modern shipping, subject of course you are fully geared to tackle appropriately this unique challenging opportunity!In the meantime, wonder what the Stock Markets reaction is…

An update of this report will follow, particularly on Geopolitics.

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