UK’s good weather …“boosts” the BDI now at 649

Chartering, Dry Bulkcarriers, Markets, News, Reports, Shipping Indices, Statistics, Tankers — By on February 26, 2019 at 10:57 PM

John Faraclas

UK’s good weather …“boosts” the BDI now at 649

The BDI (Baltic Dry Index) gained a dozen points earlier on today; all indices were on the plus mode… Wets though fell; an abrupt fall for the Dirties…. Geopolitics remain crucial. John Faraclas’ daily briefing:

The Capes’ BCI was up two points at 522 – an ….exceptional development following weeks of falling. Let’s see what’s next there.

The Panamaxes’ BPI clinched 28 points going over and above the 700 points threshold at 713!

A single digit improvement for the Supras’ BSI now at 729 – up eight points.

The Handies’ BHSI was up six points at 372…

The Wets on a falling mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 801 – minus 22 and 588 – minus seven points respectively. A wow?

The WTI was close to US$ 55.45… Something strange is happening there; time will tell… Is President Trump trying to lower the oil prices?

A better picture for the Dry Market and let’s have hope for better days but also be realistic; not the same for the Wets though given the Geopolitical mess all over…

The Geopolitics are a major issue. All main issues we cover remain the same – even worse…
Migrants, The Global Economy, BREXIT with too many twists and turns, Media in disarray given that we don’t have a response from the BBC to the Greek Ambassador’s in London letter to their reporting on North Macedonia and claims for “Greece’s invisible minority – the Macedonian Slavs” !!! Who is trying to call a fast one on Greece? Eh!!! The Indian / Pakistan flair-up… and other issues…

Will revert with more Geopolitics before midnight; until then remain on guard from actions emanating by Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean!

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