Tough days for the struggling BDI and Geopolitics

Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers — By on August 17, 2018 at 8:56 PM

John Faraclas

The BDI (Baltic Dry Index) gained three points since yesterday and now reads 1,723. Geopolitics and disasters – natural, technical and political ones are high on the agenda! John Faraclas’ brief Daily and Weekly Recap:

So at 1,723 one must be more than happy as these three plus points make the real difference.  On a weekly basis the BDI was up 32 points – from 1,691 on the 10th of August 2018. These 32 points, given the Geopolitical circumstances, are more than vital…

The Capes’ BCI lost 22 points and now stands at 3,454 – on a weekly basis the loss was 26 points – down from 3,480…

The Panamaxes continue to gain and the BPI  stood at 1,485 that’s plus 38; on a weekly basis the good news was 146 points – from 1,339!!

The BSI at 1,056 points that’s plus six for the Supras with a good 17 points plus since last Friday the 10th of August 2018 – from 1,039…

The Handies BHSI clinched a points and now reads 545; on a weekly basis plus three isn’t that bad – from 542!

The Wets with mixed feelings; the Dirties’ BDTI stood at 736 points – plus 5 and the Cleans’ BCTI minus one at 490. The weekly count was 23 plus for the Dirties – from 713 and for the Cleans just one now at 490 – plus one from 489!

The WTI as these lines are written stands at US$ 65.90… Lat Friday the 10th of August same stood at US$  66.78 !

Will revert later on with the Geopolitical inferno we are witnessing; until then remain on guard from any eventuality emanating from Pirates, Terrorists and Criminals of any kind wherever you are on Planet Ocean!

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