The BDI@1,709….expected fall

Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers — By on August 23, 2018 at 9:20 PM

John Faraclas – picture by ecopack77

The BDI (Baltic Dry (Index) lost 26  points amid mega geopolitical mayhem; John Faraclas writes:

The Capes’ BCI  lost 139 points and now reads 3,232
The Panamaxes’ BPI   with plus 47  points now stands at  1,607 points
Good gains for the Supras’BSI  now at 1,087   –  plus nine…
Minus one for the Handies’ BHSI  now at 547.
Both Wets falling; the last published BDTI  (Dirties) and BCTI (Cleans) lost one and three points respectively and now read 791  and 481.

The Geopolitics with too many twists and turns not only will affect shipping but also global trade. From the one side you have the cynics, including myself with “War Father of all; if you don’t destroy you cannot rebuilt” as this is the pitiful message from history. Many times we have explicitly explained that the product of the Second World War was the long period time-charters – usually ten years to rebuild the world. Imagine the World without the Second World War… Let’s be pragmatic. All other Wars until a year ago (as in our belief we are a year in the Third World War) was just to keep frankly speaking the war industry producers …afloat… We are in danger as this Third World War has a ten-fold means of destruction in the most unfair and inhumane way give at all for example care for the environment, yet with the new weapons we destroy same!!! Add the Trade War raging now and see what you get.  From the other side you have all these pacifists who make it even worse as they live with hallucinations!!! CAUTION!!

Have a nice evening and be on guard from any eventuality emanating from Pirates, Terrorists and Criminals of any kind looming in the Background wherever you are on Planet Ocean!

Reverting with a full account before midnight.

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