The BDI@903; nothing spectacular…

Chartering, Dry Bulkcarriers, Markets, Oil Industry, Reports, Shipping Indices, Statistics — By on June 27, 2017 at 9:33 PM

John Faraclas

The BDI (Baltic Dry Index) ended the day with 19 points plus surpassing the 900-point threshold and now stands at 903. The Geops (Geopolitics) might produce unexpected, undesired and asymmetrical situations. John Faraclas’ daily recap:

The Capers lead the uncertainty with a volatile lift-off gaining 61 points reaching the 1,066 level mark – what a figure, what a number, given that in 1,066 in was the Norman Conquest with the Battle of Hastings – it could be, let’s hope a reverse significance for the ailing Market – the Dry in particular which is stuck below the “miracle” so to speak figure of a healthy market at just above the 2,200 points as of the end of December 2013.

The Panamaxes’ BPI gained only six points – now reading 1,151 – this proves a struggling market…

The Supras’ BSI was also “modestly” up seven points at 757…

The Handies’ BHSI clinched four points and now reads 458…

All in all a low market which lacks steam…

The Wets once again with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 681 – minus two and 564 – plus five respectively…

The WTI gained a bit and that’s worrying; at US$ 43.97 pauses dangers for the poor… Caution!

The geopolitical front was marred today with cyber warfare and this will bring-in dangerous repercussions for all combatants. Many countries have been affected.

All other issues remained the same – Migrants, the Wars in Syria and Iraq, Turkey, Greece, The BREXIT situation and in general the future of Mrs. May who was once again attacked, this time by Citi, president Trump’s issues, the Qatari mess in the Arabian peninsular… Caution as we might see dangerous situations.

Have a nice evening and be on guard for any eventuality deriving from Pirates and Terrorists!

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