The BDI … “stands” the test of time

Chartering, Dry Bulkcarriers, Insight, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers — By on November 21, 2018 at 11:20 PM

John Faraclas – picture credits by Georgina Lazaridis

The BDI (Baltic Dry Index) clinches five much needed points – thanks to the “everlasting” Capes’ volatility and now stands at 1,008 points. Geopolitics in red! John Faraclas’ daily briefing:

The culprit …err the Capes “did it” again and with 54 plus points the BCI – now at 1,056 points, saved the day for all…

Panamaxes, Supras and Handies all fell; the BPI was down 23 points at 1,393 – below the 1,400 points threshold; CAUTION!

The BSI was down four at 959, and

The BHSI lost two points now reading 642…

Mixed feelings once again for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,107 – plus four and 643 – minus two points respectively!

Yesterday was another day, the now is something without duration and tomorrow might be sour as Aesop says in his fables… Try to interpret this and see what you can come up with…

The WTI stood at US$54.63… not bad but might fall back again… Strange times with the oil saga and the energy jargon.

Did I hear you say 2020 and Scruuuuuuuuuuuuubers? Who really cares about the environment?

Geopolitically as said in the preamble, we are in the red!!! Ultra-caution should be observed as Planet Ocean’s bankruptcy and the Migrants – with whatever this entails, are the biggest and most crucial issues and if we don’t, at least eliminate them, the repercussions will be detrimental for all; so its once again; War Father of all! Add BREXIT’s aftermath and see what you get! Add the Italian debt time-bomb and the way Italy will handle this and let us know how more worse things are around us!

Have a nice evening and Happy Thanksgiving Day tomorrow. Remain on guard from actions emanating from Pirates, Terrorists and any Criminals whatsoever wherever you are on Planet Ocean!

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