Capes dominate the otherwise stranded Dry Market; wets dive futher…

Chartering, Markets, News, Reports, Shipping Indices, Stock Markets, Tankers — By on May 3, 2018 at 10:37 PM

John Faraclas

The BDI (Baltic Dry Index) closed earlier on today at 1,376 points – that’s plus 30 points since yesterday. Geopolitics continue to be messy; John Faraclas’ daily recap:

The Capes had a hat trick …err gained 111 points with the BCI now standing at 2,308 points… The only size to gain… but still this is odd and we warn you to be cautious…

The Panamaxes’ BPI lost five points and now reads 1,266 points…

The Supras managed to clinch four points and the BSI now stands at 1,047 points…

More losses for the Handies’ BHSI; minus six points and now at 591 enters a bit of a dangerous zone…

The Wets were on a falling mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 647 and 545 points – that is minus eight and 15 respectively. Another dangerous and worrying figures…

The Newbuilding orders spree continues… Watch it!

The WTI as these line are being written stands at US$67.88… We might see even a higher closing…Still high up and wonder why we all get involved one way or another and stop these despicable levels whilst humanity suffers! Caution as it might become a boomerang “!!!

The Euro / US Dollar parity is a very big issue over the last 48 hours… Are we going to see a Euro buying US$ 1,15 or even US$ 1,10? Once again we wonder who needs a weak US Dollar?

The Geopolitical situations remain unchanged and expect the unexpected very soon…

Will revert later on with more news; until then remain on guard from any eventuality emanating from Pirates and Terrorists wherever you are on Planet Ocean…

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