The BDI@1,329… Signs of correction?

Chartering, Corporate Social Responsibility, Events, Conferences,Forums and Symposiums, Markets, Reports, Shipping Indices, Stock Markets, Tankers, Trade and Commerce — By on June 28, 2018 at 10:20 PM

John Faraclas

The BDI (Baltic Dry Index) gained 20 points earlier on today bringing a ray of hope as over the last week the losses were creating an unsustainable situation. Geopolitics more than crucial. John Faraclas’ daily  recap:

The Capes and the Panamaxes picked up; the BCI gained 83 points and regained the 2,000 point threshold now reading 2,025! The Panamaxes rise was minimal but well received with the BPI up seven points and the …clock ticking 1,331 points.

Not the same situ with the Supras and the Handies; the BSI lost a dozen points and now reads 1,055 and the BHSI was down two at 583…

Both the Wets fell; the last published BDTI (Dirties) and BCTI (Cleans) stood at 727 – minus eight and 496 – minus four respectively. Tough times for the Cleans losing the 500 point threshold!

The WTI stood at US$ 73.35 – caution…

The Geopolitics follow yesterday’s catastrophic course with more unpleasant situations to come…

Nicholas Bornozis, George Kaminis, Olga Bornozis with Theodoros Kiriakou at the podium

On another tone and note an excellent Capital Link CSR event took place in Athens’ Hilton Hotel; titled “Opening up Greece for Global Opportunities  – a new aspect of CSR” the conference attracting a great number of attendees and was a great success ; will revert soon with a full account!

Now, enjoy the Full Moon with the clear skies, particularly in the UK!

More tomorrow in our weekly recap; until then continue to be on guard from actions emanating from Pirates, Terrorists and Criminals of any kind wherever you are on Planet Ocean!

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