The BDI@ 1,273… Geopolitics going bung…

Chartering, Dry Bulkcarriers, Events, Markets, News, Oil Industry, P and I Clubs, Reports, Shipping Indices, Statistics, Stock Markets, Tankers — By on May 18, 2018 at 11:50 PM

John Faraclas

The BDI (Baltic Dry Index) fell 32 points since yesterday and 199 since the 11 of May. CAUTION.  John Faraclas’ market briefing:

The Capes lost 53 points with the BCI now at 2,053 – might go even below the 2,000 point threshold. On a weekly basis the loss was even worse: 577 points!

The Panamaxes’ BPI was up two at 1,241 but down 4 since last week’s 1,245…

The Supras’ BSI was up five at 1,069 and plus 16 from last week’s 1,053 points.

Plus one for the Handies’ BHSI now at 590 and plus six from last week’s 584.

Not good news at all from the dry market front; expect further volatility and mess..

The Wets with mixed feelings; the last published  BDTI (dirties) and BCTI (Cleans) stood at 692 – plus 11 and 524 minus five respectively. On a weekly basis the Dirties were up 36 (from 656), and the Cleans down 16 (from 540…)

The WTI stood at US$ 71.30… higher and higher…. Dangerous games…

The USDollar / Euro at 1,1771…

Geopolitics,  as said in the preamble: more than messy…

Do read our last weeks reports and see what do you get, how right we were and how wrong information you have been reading around…

Tony Allen during his speech – picture credits: Anny Zade

On another tone and note, the first pre-Posidonia reception took place earlier on tonight at the Lighthouse (Faros), The Stavros Niarchos Foundation. Tony Allen, The North of England P&I Association’s director in Greece, its chairman and board members  entertained us in style creating a real splash. Excellent; who wasn’t there!

Have a nice weekend and be on guard for any action emanating from Pirates, Terrorists and any Criminals looming in the background wherever you are on Planet Ocean.

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