The BDI@658: Capes spoil the broth

Chartering, Dry Bulkcarriers, Markets, Military, Reports, Shipping Indices, Statistics, Tankers, Trade and Commerce — By on February 28, 2019 at 10:32 PM

John Faraclas

The BDI@658: Capes spoil the broth

The BDI (Baltic Dry Index) was up seven points earlier on today but the Capes’ fall spoiled an otherwise good day… Geopolitics still to watch given the fast developments all over Planet Ocean on many issues… John Faraclas’ brief daily recap:

The Capes lost the 500 points threshold and the BCI now reads 459 – minus 41 points, nearly double since yesterday.

The Panamaxes were up 61 points with the BPI standing at 813!

11 points plus for the Supras’ BSI now at 749!

Six points plus for the Handies’ BHSI now at 388.

So all in all an upwards Dry market with the exception of Capes… We shall see…

The Wets on a following mode; the last BDTI (Dirties) and BCTI (Cleans) stood at 796 and 580 – minus three points respectively.

The WTI was heading for just over the US$ 57.00 mark! Caution as this rise is not the optimum one under the circumstances – poverty and world debt! Indeed CAUTION should be observed.

The Geopolitics continue to be messy:

The MIGRANTS…

The latest Indian – Pakistan flare-up… I do hope that tensions will ease out.

More before midnight…

The Shrove Thursday event in London’s Hellenic Centre an experience; excellent!

Have a nice evening and remain on guard from actions emanating by Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you ae on Planet Ocean!

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