The BDI@1,411 amid continuing Global Chaos

Markets, Military, Reports, Shipping Indices, Tankers, Trade and Commerce — By on September 12, 2018 at 10:47 PM

John Faraclas – picture by ecopack77

The BDI (Baltic Dry Index) lost another 28 points with Capes leading the fall with another triple-digit figure… John Faraclas’ brief daily market and Geopolitics recap:

The Capes’ BCI stood at 2,074 -117 points and approaches the dangerous 2,000 threshold… It might go further down…  Caution!

The Panamaxes’ BPI  lost  six points and now reads 1,550/ Still caution as further falling might cause tsunamis so to speak…

The Supras’ BSI was down just a point at 1,134…

Hooray hooray for the Handies clinching four points and now standing at 576!

The Wets were down too… The last published BDTI (Dirties) and BCTI (Cleans) stood at 774 – minus ten and 520 minus 12 respectively.

The WTI as these lines are being written stands at US$69.20… Caution as always… Let’s hope tomorrow the fall is better!

The Geopolitics in all fronts continue to be messy and all politicians and business people are urged to work together to avoid War spilling over; it will be too late if they don’t stop it now. By War we mean also the Trade wars that threaten more than you can imagine the well-being of our society.

Have a nice evening and be on guard from action emanating from Pirates, Terrorists and any Criminal whatsoever wherever you are on Planet Ocean!

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