Dry Markets dive dangerously; Wets keep buoyant…

Chartering, Dry Bulkcarriers, Markets, Shipping Indices, Statistics, Tankers — By on December 19, 2017 at 11:41 PM

John N. Faraclas

The BDI (Baltic Dry Index) lost 41 points earlier on today and now reads 1,547 amid uncertainty; Geopolitics still perplexed. John Faraclas’ daily recap:

The Capes lost 146 points – yet another triple digit and now the BCI reads 3,510… CAUTION?

The Panamaxes were also down 50 points with the BPI at 1,593 points…

The Supras lost five points and the BSI now reads 938…

The Handies’ BHSI down one now at 636 points…

A very disturbing dry market; what’s next…?

The Wets on an upwards mode; the last published BDTI (Dirties)  and BCTI (Cleans) stood at 820 – plus five and 722 – plus 15 points respectively.

The WTI as these lines are written stand at US$ 57.60…CAUTION CAUTION CAUTION.

We have warned you long before for this coming downward market, particularly on the Dry sector and it remains to be seen how many can survive! The gap widens now and we are  700 points below the 2,247 points-level of the 31st of December 2013…

Geopolitics still the same; getting worse minute by minute.

Have a nice evening and be on Guard for any eventuality emanating from Pirates and Terrorist wherever you ae on Planet Ocean….

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