BCI’s 23 plus points not enough for falling BDI

Arctic Shipping, Chartering, Cruise Ferry, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce — By on October 30, 2018 at 6:57 PM

John Faraclas

The BDI (Baltic Dry Index) lost nine points earlier on today and now reads 1,513 – too close to the 1,500 points threshold and the market losses steam… hopefully. The Geopolitics continue to be as ever  perplexed and expect Yellowstone-style “explosions”… John Faraclas’ daily market briefing:

The Capes now stand at 2,630 points and its volatility continues…

The Panamaxes’ BPI lost 26 points – a bit “better” than yesterday when it lost 27 points, and now stands at 1,530…

Losses for the Supras’ BSI now at 1,087 – minus 19 points.

No change for the Handies’ BHSI; at 675 remain in its safe heavens for eight days now =/- one/two points…

The Wets with mixed feelings… The last published BDTI (Dirties) and BCTI (Cleans) stood at 1,153 – up 12 and 571 – down two points respectively…

The WTI as these lines are being written continues to fall and now stands at US$ 66.19…  Let’s see the fall which will help real development and consumers awakening – think of this awakening as same will be for the benefit of all over the bankrupt Planet Ocean!

The Geopolitics are getting not just sour and perplexed, they are definitely getting worryingly warring!

Reverting late on with a full run down on what affects Planet Ocean and conversely the Shipping Industry given the Geopolitical mess and the absence of leaders; we had enough from “managers”.

Until we revert later on remain on guard from dangers and actions emanating from Pirates, Terrorists and Criminals of any king wherever you are on Planet Ocean…

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