The BDI@1,428: remember remember remember the 5th of November

Banking, Chartering, Events, Conferences,Forums and Symposiums, Exhibitions, Finance, Markets, Military, News, Oil Industry, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce — By on November 5, 2018 at 11:43 PM

John Faraclas

The BDI (Baltic Dry Index) lost 29 points and now stands at 1,428… Geopolitics in jeopardy as the banking system needs trillions of US Dollars …just to breath. John Faraclas’ brief recap:

The volatile Capes lost the 2,500 points threshold with a small bang by losing 105 point; the BCI at 2,397 make waves… CAUTION although expect volatility to prevail…

A point plus is a point plus for the Panamaxes’ BPI now at 1,531 !

Ten points down for the Supras’  BSI now reading 1,041 !

The Handies got …rid of the 666 seal and now with minus one points stand at 665…

Mixed feelings for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,143  minus nine and 576 – plus two points respectively…

Things are getting sour but volatility and Geopolitical uncertainty must be tackled if we want to see good days ahead…! We live in a totally bankrupt World; we are living in interesting times!

The WTI stood at US$ 63.10 – not bad at all! AND it might drop further…

Geopolitics continue to be messy in all fronts we covered last Friday and will revert asap with some news.

The World Travel Market in London’s ExCel is in full swing and you can see our first encounter coming soon later on tonight.

With a bit of an early morning travelling to ensure we are on time in Copenhagen for IBIA’s 2018 Convention  at Scandic Kødbyen Hotel, will keep you busy and wondering in the next three coming days. Watch this space!

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

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