Whatever happened to the BDI…

Dry Bulkcarriers, Markets, Reports, Shipping Indices, Tankers — By on September 28, 2017 at 9:38 PM

John Faraclas

The BDI’s (Baltic Dry Index) fall continuous amid BREXIT’s mayhem and Geopolitical uncertainty… John Faraclas’ daily briefing:

With minus 38 points the BDI went under the 1,400 points and now reads 1,391…

The Capers’ dive of 118 points must worry us or keep us “indifferent”; the BCI at 2,824 points raises eyebrows…

The Panamaxes widened their fall at minus 54  from 40 yesterday and now the BPI reads 1,352 points – lost the 1,400 point-threshold…

The Supras’ minus 13 – “13 ….for bad luck…” to paraphrase Agatha Cristies book, another worry seeing the BSI down to 1,041 points…

Only the Handies did it, yet again even with just three points plus, with the BHSI now reading 616 points…

So all in all a downwards Dry Market with scepticism all over… CAUTION…

The Wets on a plus mode… the last published BDTI (Dirties) and BCTI (Cleans) stood at 83 – that’s plus three points and 666 – that’s 14 points plus itching the devil’s number… excellent!

The WTI at US$ 51.50 stands for dangers and challenges for the poor…

Off to the IMO now for the World Maritime Day and reverting late on with Geopolitics; until then be on guard for every eventuality emanating from Pirates and Terrorists wherever you are on Planet Ocean….

Tags: ,

Leave a Reply

IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)

What is 9 + 2 ?
Please leave these two fields as-is:

Trackbacks

Leave a Trackback