The BDI reality @1,181; wets: buoyant

Containers, Dry Bulkcarriers, Markets, News, Reports, Sales and Purchases, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce — By on August 30, 2017 at 9:11 PM

John Faraclas stressing the importance for safe navigation in hte world’s dire straits- picture credits LISW2015 FLICKR

The BDI (Baltic Dry Index) lost another 22 points earlier on today and now stands at 1,181… The wets are coming up due to other unexpected reason – situ in the US Gulf following Harvey’s devastating …left overs… Geopolitics as we have warned you become more crucial and will affect trade creating an unprecedented situation! John Faraclas’ midweek briefing:

The Capers nearly lost a triple figure points, 99 to be precise and now the BCI reads 2,282…

The Panamaxes with modest loses – minus 20 points and now at 1,195 are causing a few headaches…

The Supras and the Handies both had the classic minimal rise now that the other two sizes – Capers and Panamaxes are falling… plus three for the BSI now at 851 and plus five for the BHSI now at 482!

As we have stressed all along, ONLY when we see the BDI above the 2,200 points we can breath… the rest is third class brokers and analysts blah blah; sorry for using these words but this is the reality!

The Wets on the rise; the last published BDTI(Dirties) and BCTI (Cleans) at 659 – up 16 points and 659 – up 43 points… Well done and let’s see until when. Remind you our view that for a healthy Wets market we need both these indices to go over and above the 1,000 points mark!

Nothing much on the boxships… Still a temporizing market… an unsettled market.-

We fully support the construction of modern tonnage of all types; for a capable shipowner overcapacity is not the issue. Shipping will definitely become Shipping for the very very very few; end of the story!

The WTI  as of this moment stands at US45,99 – it was a bit lower… Caution here as the oil majors will face the music; good news though for the poor masses…

The Geopolitical front maintains all issues which discuss every single day and what we foresee is a major conflagration in the Middle East and its periphery. The Kurdish issue which have extensively refer to is coming up… More MIGRANTS; brace for yet another exodus, unless the USA says: OK let’s have a Kurdish State… Iran and Turkey will vehemently oppose this, but… The North Korean saga too will ignite another mess… The Texas storm’s catastrophe is not yet over…

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

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