The BDI@920: Volatile and Uncertain Markets

Chartering, Dry Bulkcarriers, Markets, Military, News, Piracy and Terrorism, Ports & Terminals, Reports, Shipfinance, Shipping Indices, Tankers, Trade and Commerce — By on June 29, 2017 at 11:07 PM

John N. Faraclas

The BDI lost nine points since yesterday as the upwards trend of the markets evaporated… Our feeling come out to be more than accurate; geopolitics are still very dodgy and expect, soon, total mess. John Faraclas’ daily recap:

The Capers although yesterday  gained 104 points, today all was lost with a modest fall in the tune of 24 points with the BCI 2014 standing at 1,146 points. All in all 128 points lost!

The Panamaxes’ BPI lost 31 points and now stands at 1,119 points.

The Supras were down three with the BSI reading 758 points…

Steady as she goes for the Handies; the BHSI gained five points – now reaching the 464 point mark!

Tough time with this volatility and uncertainty lay ahead.

The Wets on the dropping… The last published BDTI (Dirties) and BCTI (Cleans) stood at 672 – minus one and 568 – minus two points respectively.

The WTI approaches the US$ 45 – now at US$ 44.94!

The Geopolitics might soon produce hell; yes, you are reading correct: hell!

Be on guard for any eventuality deriving from Pirates and Terrorists looming in the background.

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