A perplexed BDI@1,689 and turbulent Geopolitics…

Chartering, Dry Bulkcarriers, Fixtures, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets, Trade and Commerce — By on July 20, 2018 at 7:31 PM

John Faraclas

The BDI (Baltic Dry Index) ended up “strangely” enough at 1,689 – 32 points plus since yesterday lifting the hopes… Geopolitics are becoming so crucial, enigmatic and indeed perplexed prompting us to warn you to be on guard 24/7 as things might turn sour. John Faraclas’ daily and weekly recap:

The BDI following two days of mild fall with the Capes’ BCI losing just over 200 points in two days, managed to clinch these 32 points; it was also up 23 plus points since last week’s 1,666 points (13th of July 2018).

The Capes’ BCI gained 75 points and now stands at 3,205 points; on a weekly basis 49 points plus is better than nothing (from 3,156)

The Panamaxes were up 19 points with the BPI reading 1,557 points. On a weekly basis our most favourite size gained 30 points!

The euphoria so to speak for the Supras continued; on a daily basis the BSI was up seven points to 1,023 points. On a weekly basis the 28 points were manna from heaven…

Stagnation for the Handies’ BHSI; minus one point – now reading 560 points and on a weekly basis plus one… CAUTION!

The Wets on a falling overall mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 713 – minus one and 496 – plus two points respectively. On a weekly basis both indices fell, the Dirties were down 20 points (from 738) and the Cleans down four – from 500… CAUTION.

Bad news for the WTI ; the latest, as these lines are being written, is that same surpassed again the US$70.00 mark – now at 70.40… Last week it stood at US$ 70.50 so ultra-caution should be observed!

The Geopolitical situation is more perplexed than you can imagine; all issues we cover remain: Migrants, The Wars in Syria and Iraq, Turkey going busted and dangerous for all in its entire periphery, Greece still in a limbo with more issues surfacing – the Moscow “affairs” coupled with the entire Balkans issue… Dodgy days for Russia and Greece! The entire EU is in tatters, BREXIT will turn things upside down for all… Putin’s Russia pursue a very demanding policy – even wanting a referendum for Eastern Ukraine and USA’s president Trump is fully aware… Crimea is a past case… Moreover president Trump will impose not only Tariffs on all Chinese products, he will go further down the road… This Trade War will be a difficult one to tackle… North Korea and Iran remain in the same state of affairs, the Saudi Peninsula too. We urge you to closely watch the events as same will  d e f i n i t e l  y  affect the entire shipping industry. The Third World War is on; end of the story!

Have a nice weekend and be on guard from action emanating from Pirates, Terrorists and Criminals of any kind wherever you are on Planet Ocean!

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