The BDI@1,371 …”refloats”; the Wets still stranded…

Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers — By on January 5, 2018 at 11:27 PM

John Faraclas

Thanks to the Capers and Panamaxes the BDI (Baltic Dry Index) gained 30 points and survived further humiliation, “even” the one anticipated over the festive season. Geopolitics remain perplexed and enigmatic. John Faraclas brief recap:

The Capers “surge” continued but incredibly reduced as yesterday its gains were 289 points and today “just” 76 with the BCI standing at 2,791 points. Volatility and uncertainty to its best…

The Panamaxes’ BPI touched the 1,400 points threshold with 35 points plus since yesterday.

Stranded Supras with the BSI at 884…no change…

Losses – minus four points for the Handies brought the BHSI down to the 600-point barrier…

The Wets still stranded and under pressure particularly the VLCC’s; the last published BDTI (Dirties) and BCTI (Cleans) stood at 676 – minus seven points, and no change for the cleans remaining at 653 points respectively. CAUTION!

In the meantime we all await to see the rumoured changes on the Baltic Indices, particularly the one on the Handies…

The WTI  as these lines are being written stood at US$ 61.84 – a very dangerous level which if it spirals another ten dollars then don’t ask for the repercurssions on the trade and the poor masses. CAUTION!

Hope you are reading and studying these days the various market and geopolitical reports from the mega and important gurus, analysts and mega brokers and hope you can compare those with ours and see what has happened.

The Geopolitical front remains perplexed and hope tomorrows Epiphany brings the politicians down to their senses before, as we have stressed many times in the past, brings them down to their knees. Their actions worldwide are despicable and some geopolitical decision centres must be dismantled! Global geopolitics are in a point of no return and this will certainly affect the intermodal chain to its entirety; just wait and see… Add the global banking corruption and see what you get.

Have a nice weekend and be on guard from actions emanating from Pirates and Terrorists  looming in the background wherever you are on Planet Ocean…

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