Dangerously falling BDI@822 and G20 low expectations, a Mayday for all…

Associations, Chartering, Fixtures, Markets, Mergers and Aquisitions, News, Shipping Indices, Statistics, Stock Markets — By on July 7, 2017 at 11:39 PM

John Faraclas

The BDI (Baltic Dry Index) closed earlier on today at 822 points – eight down since yesterday and 79 since last week’s 901 points. The Geopolitics are “on hold” given, in our view, the G20’s certain uncertain outcome; John Faraclas’ weekly recap:

So here we go with the main index, the BDI below the 900-points threshold within a week and that’s a bit dangerous…

The Capers both on a daily as well as on a weekly basis “produced” the biggest fall; the BCI 2014 lost since yesterday 65 points  – now at 753, and since last Friday the  30th of June  333 points – from  1,086. CAUTION!

The Panamaxes BPI lost one point since yesterday and now reads 1,062 and 29 points since last week’s 1,091 points.

The Supras’ BSI was down three points since yesterday and standing now at 732; minus 22 since last week – from 754 points.

The Handies’ BHSI both on a daily as well as on a weekly basis maintained a plus mode – up one since yesterday at 471 and eight points plus since last week’s 467 points; a bit of good news…

The Wets with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 647 – minus nine and 583 – plus 17 points respectively. On a weekly basis the Dirties were down 21 points from 668 and the Cleans up 14 from 569 respectively.

The price of the WTI fall below the US$ 45 mark…

On the Container Liner Trade let’s see what might happen at the end of the day with COSCO possibly acquiring OOIL… A few billion dollars deal…

On the Geopolitical front the issues that we analyse over the last five years remain the same: MIGRANTS, the Wars in Syria and Iraq – let’s hope Mosul falls asap… The BREXIT and yet a surprising GREXIT(?), Turkey, Qatar, Greece, the Cyprus long running saga, the entire Middle East, China – possibly more stand-offs against the Americans, Corruption and Cyber warfare worldwide, the Venezuelan mess, the Russian counter on all issues and  the American – USA domestic policies, the Euro…, the African mess and others continue in the same pace. We are living in interesting times.

We suggest caution to all fronts and we advise all to be on guard for any eventuality from Pirates and Terrorists wherever you are. Have a nice weekend and look forward to the full moon early on Sunday morning…

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