Dropping BDI@1,114; the world at War…

Markets, Military, News, Piracy and Terrorism, Reports — By on February 13, 2018 at 11:05 PM

John Faraclas

The BDI (Baltic Dry Index) lost nine points earlier on today; all other dry indices ended with losses. The Geopolitical  situation gets franticly worse and the drums of war can be heard; S H A M E! John Faraclas’ daily brief:

The Capers lost 31 points and now the BCI reads 1,793…

The Panamaxes were down nine points at 1,228…

The Supras  and the Handies lost two points and now the BSI and BHSI stand at 817 and 518 points respectively…

The Wets too are stuck; the last published BDTI (Dirties) and BCTI (Cleans) stood at 640 – minus two and 634 – plus two respectively!

The WTI as these lines are being written stands at US$ 59.10 – good to see this figure and I am sure we might see same below the US$ 58 tomorrow. We reiterate the view that same should be below the US$50 mark.-

The Geopolitical situation is far worse since yesterday with Turkey jeopardising Peace. Pestering all neighbors might lead to a wider conflagration. The incident over night with Greece in the Aegean Sea must be defused otherwise expect a major spill over. Caution! all other Geopolitical issue we cove in our reporting in this medium remain the same: Migrants; Syrian and Iraqi saga; BREXIT; the wider EU mess; Catalonia;  Cyprus; The Balkans; The wider Middle East problems; The Far Eastern mess with North Korea; The Big Worrying Question: whee is China heading?; the Japanese role; USA’s effort to remain strong within and THE leading superpower abroad; the Russian hegemony efforts; The Latin and South America mess; the big change in South Africa in the post Zuma era… Add the Stock Markets and the currency wars and see what you get… CAUTION CAUTION CAUTION as the UN proves UNABLE to end disputes; sorry but this is the truth… Add the Business and Sex scandals and see what you get! Indeed we live in interesting times! Ah! did I hear you say Climate Change and the Environment? Eh???

Have a nice evening and be on guard from any eventuality emanating from Pirates and Terrorists looming in the background all over Planet Ocean!

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