Volatility and loss of steam keeps the BDI@1,566…

Chartering, Dry Bulkcarriers, Markets, News, Oil Industry, Reports, Statistics, Stock Markets, Tankers — By on October 18, 2017 at 11:59 PM

John Faraclas

The BDI (Baltic Dry Index) closed earlier on today 14 points up since yesterday given the marginal minus losses of the Panamaxes. Geopolitics are getting worse all over Planet Ocean; CAUTION. John Faraclas’ daily briefing:

The Capers produced only 55 points plus, nearly half since the previous closing (3,079 plus 99) and now the BCI reads 3,134…

The Panamaxes as said were the main reason of concern losing six points with the BPI reading 1,646 points.

Still a double figure on the plus side for the Supras gaining 11 points and the BSI now stands at 1,105 points…

Minimal gains for the Handies’s BHSI now at 666  – plus three and let’s see how the devil’s number, the number of the beast for some, continues…

The Wets still with ups and downs; the last published BDTI (Dirties) and BCTI (Cleans) stood at 916 – plus three and 544 – minus seven respectively… A very much worrying picture for a multiple of reasons…

The WTI is about to close just above the US$ 52; a very disappointing figure as traders and their political masters ignore the problems of poverty faced by billions all over the world; CAUTION!!!!

The Geopolitical situation gets worse and it won’t surprise us at all the coming Armageddon in a multiple of ways and forms. Economic, Religious, Political and many  other issues will soon have a detrimental effect in our lives and conversely affecting shipping in its entirety. It is about time all stakeholders wake up and face the harsh reality of what is yet to come.

Have a nice evening and be on guard for every eventuality emanating from Pirates and Terrorists wherever you are on Planet Ocean.

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