Falling BDI@1,374 raises concerns…

Dry Bulkcarriers, Reports, Shipping Indices, Statistics, Stock Markets, Tankers — By on November 15, 2017 at 10:44 PM

John Faraclas

The BDI (Baltic Dry Index) lost 31 points earlier on today, thanks merely to the Capers losing 101 points – another triple-digit loss… The Geopolitical situation is more than grave; John Faraclas’ brief midweek recap:

So what’s up with the Dry Market? The GAP widens now with 873 points missing from the BDI when it stood at 2,247 points on the 31st of December 2013!

The Panamaxes were also down 26 points and the BPI now reads 1,320 points…  Our most favourite size goes through some tough times!

Again another double digit loss for the Supras with the BSI now standing at 858 points – down 14!!!

The Handies with their classic minimal losses lost three points and the BHSI now stands at 637 points…

CAUTION for the entire Dry Market…as although the fall was “milder” than yesterday is a nasty fall…

The Wets with mixed feelings; the last published BDTI (BDTI) and BCTI (Cleans) stood at 790 minus six and 570 – plus 14 points respectively.

Wonder what the gurus are saying about this state of the Markets  – Dry and Wets. Obviously as we have stressed in the past, but also recently, we need to see an enriched curriculum in the Maritime Academia / Unis etc., as things cannot continue for ever like this and it is a must a specialist Risk / Shipping Crisis Assessment series of lessons to be introduced in all Universities all over Planet Ocean…Otherwise, expect the mess to continue and as every crisis is worse than all previous ones with detrimental results for all, expect tsunamis!

The WTI plays strange games just above the US$56…

Geopolitics remain pretty much the same with the MIGRANTS, The wars against ISI and all in the Middle East, Turkey having Russia as its new bedfellow, Greece in the same sequence as before with extra mess emanating from the bad weather which claimed at least 15 lives and over a 1,000 suffering –add a few living in the islands of Symi…No excuse to the authorities as this was a disaster waiting to happen…

BREXIT makes waves… Wait and see the end result!

Mugabe in trouble…

The Russians ae being accused of meddling in elections, fake news etc etc.

That’s all for tonight. 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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