The BDI@1,162: the fall continues

Chartering, Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets, Tankers — By on May 23, 2018 at 11:37 PM

John Faraclas

The BDI (Baltic Dry Index) lost another 37 points earlier on today with Geopolitics becoming more perplexed. John Faraclas’ daily market briefing:

The Capes loses  once again close to 100 points – 95 to be precise and the BCI now stands at 1,759 points.

The Panamaxes down 17 with the BPI now reading 1,222 points.

No change for the Supras’ BSI; 1,074 points to difficult times ahead.

Plus one point for the Handies’ BHSI now standing at 591 points.

All in all the gap between today and that of the end of December 2013 is now 1,085 points; a very worrying figure!

A different picture for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 748 – up 19 points and 535 – up nine respectively.

The Container trade still in tatters and with the high oil prices the losses will be colossal! Be braced for new tsunami…

The WTI as these lines are being written stands at US$ 71.99… Caution.the 

Geopolitics still crucial suggesting to be more than cautious. All issues analysed yesterday remain more or less the same today! How well prepared you are to weather the storm?

Have a nice evening and continue to be on guard from any eventuality emanating from Pirates, Terrorists and Criminals wherever you are on Planet Ocean…

P.S. wonder what the “gurus” have to say about the future of both the Dry and Wet markets AND the Box trade…

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