Markets upwards trend should be countered with caution

Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Statistics, Tankers — By on September 19, 2017 at 11:37 PM

John Faraclas

The BDI gained another 17 points earlier on today and now stands at 1,415 points. Geopolitics continue to be more than messy, enigmatic and soon will surprise all. John Faraclas’ daily recap:

The Capers clinched 42 points and now the BDI reads 2,723 points.

The Panamaxes slow down with seven points plus and the BPI at 1,536 points.

The Supras, as it was expected and we referred to in past prognosis surpassed the 1,000 point threshold at 1,017 points – plus 20,  and  the BSI aims higher levels…

The Handies’ BHSI with a double-digit plus  reached the 562 points…

Indeed an upwards market but we recommend controlled caution as things could turn sour…

The Wets did “well” so to speak; the last published BDTI (Dirties) and BCTI (Cleans) stood at 744 (no change), and 575 – plus 27 (!) respectively.

The WTI  at US$ 49.56 come down a bit from the US$ 50.42 the highest until now for the day!

The Geopolitical front as we have warned numerous times will very soon surpassed us all…

Migrants increased influx everywhere again particularly in the Med..

Whatever mentioned recently and yesterday remains in full force on Planet Ocean affairs and watch Turkey’s reactions in the entire region; wonder what’s  president Donald Trump reaction…

…meantime president Trump spells it out at his UN inaugural speech; expect actions and reactions…

Mexico has been once again devastated by an earthquake…

Irma and Maria…. the hurricanes make it messy again. The damage will top up a few trillion dollars…

BREXIT becomes swinging…

Greece still in limbo with the pollution saga spoiling the Saronic Gulf. Best remedy is for all 300MP’s in Greece’s parliament  to resign – you  dead well know why and what I mean…. See in the Hot Port News  fro  GAC how prevention works… on these issues…

Have a nice evening and be on guard from the dangers emanating from Pirates and Terrorists of any kind all over Planet Ocean!!!

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