Falling BDI raises concerns or is it a …”correction”?

Chartering, Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers — By on March 20, 2018 at 11:58 PM

John N. Faraclas

The BDI (Baltic Dry Index) lost 14 points and now reads 1,1122 !!! Ultra caution as Geopolitics doesn’t help either. John Faraclas’ daily briefing:

The Capers lost 59 points and the BCI stands at 1,112 points!!!

The Panamaxes’ BPI lost six and now reads 1,615 points.

On the antipode the Supras’ BSI continued its rise with another ten points and at 1,109 the feeling is much better!

The Handies’ BHSI managed to clinch another point and at 630 feels safe…

The Wets with mixed feelings on a low level; the last published BDTI (Dirties) and BCTI (Cleans) stood at 636 – plus one and 559 – minus five respectively! Ultra caution here too!

We have warned of difficult times ahead. We are optimistic though for shipping but only for the very few!

The WTI on the rise again; a very dangerous situation. As these lines are being written it stands at US$ 63.50… CAUTION!

The Geopolitics continue to create havoc all over and wonder what next all issues referred yesterday remain the same.

On another note the SOME 2018 kick started at a full house in Athens’ Evgenidion Foundation and will revert with a full report from Iris Liaskoni who was there.

The Woman’s Day was appropriately celebrated with an interesting forum at Falifornia …err Paleon Faliron’s Athens Greece  “White Tower” centre at the seafront, with Maria Michalopoulou – the Tourism director of the Paleon Faliron Municipality, moderating a panel of excellent speakers including of course the Mayor (Rt. Adm HN) Dionissis Hatzidakis, Antonis Stelliatos. Aneta Svoronou, Ilaiana Stegou, Ioanna Lagoumidou, Phroso Charouklea and Marina Boutari delivered interesting points; excellent. We will revert with a full report!

A team of allaboutshipping.co.uk tours and writes AND films Europe – this time Germany included and will revert soon on this!

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

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