The BDI@1,555…

Banking, Chartering, Dry Bulkcarriers, Finance, Markets, Military, News, Reports, Shipfinance, Statistics, Stock Markets, Tankers — By on October 26, 2017 at 11:02 PM

John Faraclas

Correction, loss of steam, uncertainty, volatility, you name it..?

To “entertain” your wonder and possibly your curiosity, the reply is simply: “oh well, all in one; a bit of everything”. The BDI’s (Baltic Dry Index) recovery from the 10th of February 2016 – when it clocked 290 points, is in fact a fact but whether this fact can lead to sustainability and to better days ahead it remains to be seen. Most of the time when I listen to analysts and gurus of all kinds and backgrounds, I really wonder if they have ever heard the old phrase: “News is what they don’t tell us”; end of the story! Imagine if this was the case; all these analysts they better consult other schools of SandP, chartering and academias… You all know whom to blame for the 2008 collapse… and their “wishful thinking” thereafter… Geopolitics are more than crucial. John Faraclas Market briefing:

The BDI lost 18 points thanks mainly to the Capers and Panamaxes! The BCI stood at 3,180 – minus 20 and the BPI at 1,553 – minus 39 points respectively.

The Supras’ BSI lost a dozen points and now stands at 1,117…

Minor losses but losses for the Supras’ BHSI – down two and at 688 …survives…

Mixed situ for the Wets; the last published BDTI (Dirties)and BCTI (Cleans) were 912 – plus 12 and 515 exactly as yesterday respectively…

The WTI maintains an “erratic” course upwards and it remains to be seen what next. At US$ 52.71 look good for the few but awful for the poor masses. Caution.

Geopolitics as said  – and always stress in our reporting are crucial and the meeting last week in Italy between forty-seven navies at the XI Venice Regional Seapower Symposium in Italy tells it all!

Have a nice evening and continue to be on guad for every eventuality emanating from Pirates and Terrorists all over Planet Ocean…

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