The BDI@1,661; brace…

Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Stock Markets, Tankers — By on August 29, 2018 at 4:53 PM

John Faraclas – picture by ecopack77

The BDI (Baltic Dry Index) lost another 23 points earlier on today and now, amid the worst uncertainty both trade and geopolitics-wise, sends warning shocks. Let’s hope we are wrong… The Geopolitics continue to be dodgy. John Faraclas’ daily recap:

The Capes as expected lost the 3,000 threshold base and with minus 94 points the BCI stands at 2,994.

The Panamaxes BPI lost four points – the first loss after a while of a good surge and now reads 1,639 points!

Good returns for the Supras’ BSI with 11 points plus now reading 1,121 !

The Handies’ BHSI  clinched two points and now reads 556.-

Losses and stagnation for the Wets; the last published  BDTI  (Dirties) and BCTI (Cleans) stood at 795 minus nine and 478 minus one points respectively.

The WTI as these lines are being written stands at US$ 69.17 – mind the rise… CAUTION.

Will revert with the perplexed Geopolitics late on tonight; until then be on guard from any action emanating from Pirates, Terrorists and Criminals whatsoever wherever you are on Planet Ocean!

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