Capers’ “surge” lifts BDI@993 amid the coming Armageddon…

Chartering, Containers, Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers — By on April 12, 2018 at 8:40 PM

John Faraclas – picture credits by Georgina Lazaridis

The BDI (Baltic Dry Index) gained 14 points since yesterday, thanks to the as ever volatile Capers and is an iota away from the 1,000 point threshold; the geopolitical situation might create a situation of no return. John Faraclas’ daily market briefing:

The Capers’ surge was – despite the double digit figure,  “substantial” with 42 points plus bringing the BCI at 982 points, very close to the 1,000 points-threshold!

The Panamaxes gained ten points with the BPI now reading 1,335 points.

No change for the Supras and the BSI remains at 1,014 points.

The dropping Handies brought the BHSI down to 630 points – down four!

Again mixed feelings for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 628 and 523 – minus three and plus 13 respectively. There is a long way to go though as we need to see both wet indices over and above the 1,000 points…

The WTI as these lines are being written stands at US$ 67.10… CAUTION, or many will regret this situ; end of the story!!

The Geopolitical front remains more than turbulent and EVERYTHING is possible from all side of the equation! You have read yesterday’s news and indeed today has been a very decisive day in all fronts.

We warn all to be on guard not just in the area of current and future hostilities but mind the collateral damages too.

Have a nice evening and be on guard from any eventuality emanating from Pirates, Terrorists and Warring parties.

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