Panamaxes continuous losses ground the BDI@1,773…

Chartering, Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Tankers — By on August 6, 2018 at 5:15 PM

John Faraclas – picture by ecopack77

Perplexed Market figures amid a Trade War fiasco, particularly for those seeking “revenge” but cannot go all the way… John Faraclas’ brief market recap:

The BDI (Baltic Dry Index) remained the same but the interest has been focused on both the Capes and Panamaxes which more or less led to the BDI’s stagnation; the Capes’ BCI was up 22 points- now reading 3,654 and the Panamaxes’ BPI was down 27 points – now at 1,420 points… CAUTION!

The Supras’ BSI at 1,030 – no change and the Handies’ BHSI was down one at 542…

A very perplexed market and as we have said the figures of the freight rates do not correlate that of indices we read…

The Wets as always with mixed …feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 758 – plus two and 487 – minus three respectively… Caution!!!

The WTI at US$ 69… another cautioned issue!

Geopolitics and mainly business – trade geopolitics in tatters with the Trade Wars. As the Third World War is on – our personal view, let’s see how shipowners survive and go ahead in these circumstances whether they are listed or not…

Today is the 73th Anniversary of the Hiroshima nuclear inferno… we suggest the supper powers and their cronies stay put before we witness another mess, despite the cynical message and pitiful one that if you don’t destroy you cannot rebuilt…

The main Geopolitical issues which we cover remain the same, even worse… and we will revert before midnight with a brief round-up!

In Greece we had further people declared dead following the inferno in Attica and three more resignations of officials on the issue… We await to see how many have the dignity to resign!

In Chios the 30th Anniversary for the Expatriates ended up with an Arts sale at Citrus – will revert with a full report on this three day event

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

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