The BDI@1,222: Volatility knocks again; Planet Ocean on fire…

Canals, Chartering, Conferences, Seminars, Forums, Dry Bulkcarriers, Markets, Ports & Terminals, Shipping Indices, Tankers — By on August 23, 2017 at 11:54 PM

John Faraclas

It goes without saying that if the BDI (Baltic Dry Index) continues with these ups and down it will rock whatever has remained from even an otherwise low  but “promising” dry market. The volatility of the Capers and to a lesser extent of the Panamaxes has never ever before been experienced. The Geopolitics have lost tough with realism and expect despicable events to take place. John Faraclas’ midweek briefing:

With 27 points lost today, the BDI begins another dive and as it stands half way with the end of December 2013 levels – 1,000 – 1,200 minus right now, when the index was standing between 2,247 – 2,277 points it raises many questions…

The Capers as said lead the way with a triple digit number today ( minus 107)  and  at least its above the 2,000 at 2,318… Ultra Caution

The Panamxes’ fall was “modest”,34 points down and the BSI now stands at 1,311 points.

The Supras and the Handies continue the slow but steady  rise; the BSI gained nine points and now it reads 833.

The BHSI gained just two points and at 470 has a long way to go for its recovery being the 600-800 point mark!

The wets still in low 600’s and 500’s respectively; the last published BDTI (Dirties) and BCTI (Cleans) stood at 621 – minus one and 551 – no change respectively…

The WTI at US$ 48.35 close to the low of the day, but alas still below the US$ 50 mark!

The Geopolitics are crucial for the trade and humanity needs either a long lasting peace or War which cynically speaking is good even for the warring ones. The main issue being today the damn lies of the politicians and their cronies how pacifist they are!

We need to give an end to the rising Islamist Terrorism even under the proviso of excess collateral damage… to our forces and citizens. Things are becoming more than crucial…

Mike Newberry at the podium

On another tone at the Baltic Exchange a very special presentation took place on the Panama Canal Expansion … Expectations versus reality. The event was introduced by Baltic’s Crispin Eccleston, the …preamble by James Leak from Fixed Clean and the main presentation by  Michael Newberry at MWH, now part of Stantec.

The Expansion which is completely changing the land… err the seascape… of transport logistics with the Containerships being the size to watch!

James Leake elaborating on a very interesting slide on …”what they imagined”…

Both speakers produced meticulous selected slides and there were also six questions from the 100-strong audience before the scheduled wine tasting at the Baltic’s Bar…  We will revert with a full account on the event.

Have a nice evening and be on guard from any Pirates or Terrorists actions wherever you are on Planet Ocean!

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