The BDI losses another base; at 1,579 uncertainty coupled with messy Geopolitics builds up again

Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers — By on August 31, 2018 at 4:28 PM

John Faraclas

The BDI (Baltic Dry Index) lost 35 points since yesterday  and  118 since last Friday the 24th of August  – down from 1,697! The Geopolitical chaos needs more than effective leadership and business acumen for Planet Ocean to avoid another massacre. John Faraclas’ daily and weekly recap:

The Capes’ BCI lost 94 points and now stands at 2,732; on a weekly basis the loss was 432 points – from 3,164… Let’s see what the gurus have to say…

The Panamaxes BPI lost 37 points and now stands at 1,571 – the weekly loss was “just”  59 points – down from 1,630!!!

On the “antipode” both Supras and Handies enjoyed gains, minimal but gains: the BSI was up four points at 1,132 – on a weekly basis plus 37, up from 1,095  The Handies’ BHSI was up three and now stands at 562. The weekly gains were 11 points, a good double digit – up from 551!

The Wets, are wets…The last published BDTI  (Dirties) lost two points – now at 787 and on a weekly basis same was down seven – from 794.

The WTI dropped down to US$ 69.88 …Good to see same going below the US$ 70 plus from yesterday.

Reverting with the explosive Geopolitics later on… until then remain on guard from any eventualities emanating from Pirates, Terrorists and any Criminals whatsoever wherever you are on Planet Ocean!

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