Wets …dry-out and Dries “surge”..; is the dog barking?

Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce — By on February 20, 2018 at 10:57 PM

John Faraclas

The BDI (Baltic Dry Index)  was up 30 points and now stands 1,117; the Geopolitics will cause more detrimental issues AND results for all. John Faraclas’ daily briefing:

The Capers added 81 points and the BCI now stands at 1,678…

The Panamaxes’ BPI now reads 1,333 – up 39 points…

The Supras’ BSI was up seven – now at 847 and the Handies’ BHSI  managed to clinch two points – now reading 519…

An overall upwards Dry Market and let’s hope the Chinese Dog continues …to bark, otherwise it will be a mess all over – a situation, better say a scenario, we unfortunately believe it might happen… Just for the records so all are fully and appropriately advised, the gap between today’s BDI and that as of the end December 2013 – benchmark so to speak, is 1,130 points (2,247 – 1,117).-

The Wets continued their controlled minimal fall; the last published BDTI (Dirties) and BCTI (Cleans) stood at 645 and 623 – minus four and five points respectively…

The WTI is about to end the day close to US$ 61.75 with possible tendency for a lower period to come – it is early days though. Caution. There are billions of extra costs making the 90 centum of Planet Ocean’s inhabitants feel incredibly deprived. Take for example the fuel cost forces the citizens of the United Kingdom to a Blitz style rationing! Many even opt to change supplier!

The Stock Markets took a bid of a dive – the DJIA lost just over one centum falling below the 25,000 threshold; FTSE remained close to 7.250 points…

The Geopolitical situation following the atrocities by all sides in Syria and Iraq  – as well as in other warring hot spots, creates more and MORE MIGRANTS and more deaths, children in particular! CAUTION as history repeats itself and those who avoid their responsibilities, no matter how powerful they are, will pay a hefty penalty and life’s wrath! ENOUGH!

We will revert before midnight with more news; until then be on guard from any eventuality emanating from Pirates and Terrorists wherever you are on Planet Ocean!

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