The BDI@1,387: another volatile fall…

Markets, Military, News, Shipping Indices, Statistics, Tankers — By on June 11, 2018 at 4:00 PM

John Faraclas – picture by ecopack77

The BDI (Baltic Dry Index) fell earlier on today four points “thanks” to the volatile Capes! The Geopolitics will take a harsh U-turn and  things might go off hand given the trade wars. The G7’s ending was expected with a schism; the USA vs. the …G6, even beyond the end of the summit! John Faraclas’ daily market and Geopolitics recap:

The Capes’ BCI lost 60 points – it lost as you have read 69 last Friday – all in all 129 in two trading days and now stands at 2,091 points! Are we going to see same below the 2,000 point threshold?

The Panamaxes’ BPI with a reduced plus; 33 points up, almost half plus from last Friday when it gained 74 points, now read 1,451 points…

Minor gains for the Supras and Handies; the BSI gained three and the BHSI two points  now standing at 1,078 and 586 points respectively…

Mixed feeling for the Wets; the last published BDTI (Dirties) and BCTI (Cleans)  at 734 – plus three and minus four points respectively…

The WTI as these lines are being written stands at US$ 65.72… Hope it drops further.

The Geopolitics remain as turbulent as ever and coupled with trade wars might bring/produce  incalculable repercussions to all.

Migrants, the wider Middle East conflict, Israel, the Balkans, Turkey, Cyprus, Greece, Italy, BREXIT, the Far East… The North Korean saga, Iran, Saudi Arabia, the Latin America and Africa turbulent situations and other urging matters might produce tsunamis.

Will revert with a full update latter on; until then be on guard for any eventuality emanating from Pirates, Terrorists and Criminals wherever you are on Planet Ocean and watch the special live interview on the aftermath of Posidonia 2018 with Sophia Rodopoulou  at SBC TV and tell/send us your comments:

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