Falling Capes dangerous for the Dry Markets…

Chartering, Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Statistics, Stock Markets, Trade and Commerce — By on September 4, 2018 at 5:48 PM

John Faraclas

The BDI (Baltic Dry Index) lost 44 points – double since yesterday and now stands at 1,513. If this continues and the 1,500 point-threshold is lost, everything is possible. The triple-digit fall of the Capes must be taken very seriously, his size’s  volatility. Geopolitics getting sour. John Faraclas’ recap:

The Capes’ BCI was down 137 points and now reads 2,535… Wonder what will happen if same goes below the 2,500 points…

Falling Panamaxes but a bit contained; the BPI lost 23 points and now stands at 1,517…. CAUTION!

Minimal but “encouraging” plus points for the Supras’ BSI and the Handies’ BHSI; plus two and plus one point respectively – 1,135 and 564!

On the Wets now, the last published BDTI (Dirties) produced a minus six points – now standing at 780 points.

The WTI as these lines are being written stands at US$ 70.08; CAUTION.

Reverting late on with the perplexed Geopolitics; things are turning sour!!

The MIGRANTS, The entire Middle East, The Gib to Afghanistan and  Caucuses to the Horn of Africa region / belt. Turkey, Greece, Cyprus – with too many revelations, disclosures and revealings on the 1974 invasion by Turkey backed by the then  USA’s Secretary of State and Assistant to president Ford for National Security Matters, Henry Kissinger;  the Balkans; Italy; the EU;  the other side of the Atlantic – NAFTA etc etc… China, the bankrupt South America and messy Africa… The ultra messy Saudi peninsular and Iran…

Until we are back remain alerted from actions emanating from Pirates, Terrorists and any Criminals whatsoever wherever you are on Planet Ocean…

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