The BDI’s winter Blues…

Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers — By on January 16, 2018 at 10:58 PM

John Faraclas

The BDI (Baltic Dry Index) lost 43 points earlier on today and now reads 1,221 sending mixed messages. Geopolitics in jeopardy. John Faraclas’ brief recap:

The Capers loss of 221 points was the talk in the Square Mile earlier on today. At 2,010 points looks vulnerable and if, repeat if same goes below the 2,000-point mark everything is possible… Ultra caution should be observed…

The Panamaxes’ BPI managed to contain its losses and now stands at 1,329 – down 11 points…

The Supras’ BSI managed to gain two points and now reads 910 – the only size with an …upwards direction…

On the other hand the Handies’ BHSI lost two points and now stands at 583 points.

So all in all we are witnessing the Winter Blues at its …best! The gap is widening and we are 1,026 points apart from the end of December 2013 level when the BDI stood at 2,247 points.

The Wets still with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 693 points – up nine and 583 – minus 19 points respectively!!!!

The WTI flirts the US$ 64 and as these line are being written stands at US$ 63.90; CAUTION!

The Geopolitical spectrum couldn’t be worse and the drums of war can be heard!

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

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