The harsh reality: the BDI@1,357…

Chartering, Dry Bulkcarriers, Markets, News, Shipping Indices, Stock Markets — By on September 17, 2018 at 10:46 PM

John Faraclas

The BDI lost just nine points since Friday the 14th of September,  “thanks” to the …”rebound” by the Supras and the Handies; Geopolitics more than crucially perplexed. John Faraclas’ brief recap:

The BDI (Baltic Dry Index) lost nine points and enters another dangerous zone

The Capes’ BCI lost 47 points and now reads 1,853        points…

The Panamaxes BPI  was down five points and now reads 1,518…

Supras and Handies on the plus side; the BSI gained four points and now stands at 1,138. The BHSI   was up eight points and now at 596 – very close to the 600 point mark, feels better…

All in a all a dropping Dry Market with the gap widening at 890 points: 2,247 points (Dec 2013) minus 1,357 = 890 points!!!!  Still  there is hope, but reality is here to stay; let’s hope NOT!

The Wets with mixed feelings yet again; the last published BDTI (Dirties) was down five points reading 765 and the BCTI (Cleans) clinched two points and now stands at 513 – up two points!

The WTI stood at US$ 68.77 – that was good as every price dropping is a plus for the poor masses worldwide!

The Geopolitical issues remain unfortunately the same… Be on guard as things are already getting off hand in all fronts, repeat in all fronts and there will be incalculable repercussions!

On another tone the 9th Hydra Shipping Conference was more than a success. Will revert with a full account…

Our team continues its trail into Central Europe; here’s a bit from Luxembourg:

Have a nice evening and be on guard for actions emanating from Pirates, Terrorists and Criminals whatsoever wherever you are on Planet Ocean…

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