The BDI “reasserts” itself…

Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Statistics — By on October 13, 2017 at 9:33 PM

John Faraclas

The BDI (Baltic Dry Index) ended up today with 27 points plus and now reads 1,487 which is also 82 points plus since last week’s 1,405 points… Geopolitics have turned sour and it is only a matter of when the drums of war will be heard… John Faraclas daily and weekly recap:

The Capers, despite the BCI’s rebound today, are still down and need to return above the 3,000 point mark if we are going to see a more sustainable market; todays 12 points bringing the BCI to 2,871 was a bit of a relief and seeing tc trips above the US$ 22,000 is good news for the season… On a weekly basis the BCI was down 58 points – from 2,929 last Friday the 6th of October…

The Panamaxes rally continued with a 50 points plus for the BPI today – reading 1,606 points, up 200 from last week’s 1,406 points. With a minimum equilibrium of US$ 14,000 per diem, the BPI owns feel a bit more comfortable… we shall see.

The Supras’ BSI did well to with 19 points plus today – now at 1,069; on a weekly basis it was up 98 points – from 971…

Double digit plus for the Handies’ BHSI too; 14 points makes now this index stand at 649, up 39 from last week’s 610 points…

The Wets continued with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 870 and 573 – plus 14 and minus 18 respectively. On a weekly basis we have: 104 plus for the Dirties (from 766) and minus 44 (from 617)…

The WTI at US$ 51,42 as these lines are written causes tremors for the poor…A bit up 82 cents from yesterday’s US$ 50.60… Caution…

Geopolitics are getting worse and coupled with sanctions might create messy situations; we have warned you that we might see fighting spill over in many areas – some of the key to intermodalism affecting shipping. The sea-lanes must remain open and secure; same applies to some of the World’s dire straits…

Reverting with more on Geopolitics later on; until then be on guard for every eventuality emanating from Pirates and Terrorists wherever you are on Planet Ocean… A tough weekend and week lies ahead…

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