The BDI@1,355, Wets unstable amid messy Geopolitics

Conferences, Seminars, Forums, Dry Bulkcarriers, London Shipping Law Centre, Markets, Military, Oil Industry, Piracy and Terrorism, Reports, Shipping Indices, Tankers, Trade and Commerce — By on September 11, 2017 at 11:20 PM

John Faraclas

The  BDI (Baltic Dry Index) begins  the week with gains; 23 points plus since last Friday the 8th of September, and at 1,355 points “makes” a bit of better sense… The Wets with mixed feelings and the Geopolitics messy as ever. John Faraclas’ brief daily recap:

The Capers rise was halted down to a mere 46 points plus with the BCI reading  2,813 points… “Wonder” why the triple plus points are gone; caution… as volatility is not a good bedfellow…

The Panamaxes  rise was lowered to just 19 points plus… and the BPI now reads 1,394…

The Supras at 898 – that’s a good ten points plus for the BSI!

The Handies …steady over and above the 500 points threshold; the BHSI now at 509 points…

The Wets continued the ups and downs. The last published BDTI (Dirties) and BCTI (Cleans) were plus six and down 19 respectively at 707 and 590 points…

The WTI  at US$ 48.09  is still good level-wise… it might though end down a bit…

The Geopolitics are in a total mess – a  brief run down of the main events and developments on  the midnight update .

Given the Anniversary of the twin towers in New York – September 11 or 9/11, we wish to see Pirates and Terrorists cornered and finished off… Life on Planet Ocean becomes dangerous given that as yet we haven’t seen a solution to Islamist Terrorists’ despicable culture!

Greece and its traditions in Shipping continued over the weekend with the 8th Hydra Shipping Conference: “Money Talks and Wealth Whispers” – briefing follows…

London continues to call the shots in the shipping industry despite what the hoi polloi think or imagine because of BREXIT etc etc etc…: London was, is and will continue to be the administrative capital of Shipping; today we had the beginning of the LISW2017 – see relevant articles. What an event that was at DLA Piper’s auditorium with the London Shipping Law Centre’s forum on “How does Arbitration  supports London?” – Log on to read relevant brief coverage.

Have a nice evening and be on guard from any eventuality from the culprits – Pirates and Terrorists, wherever you are!

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