Unsustainable markets?

Chartering, Dry Bulkcarriers, Exhibitions, Markets, Reports, Shipping Indices, Stock Markets, Tankers — By on May 2, 2019 at 11:55 PM

John Faraclas

Unsustainable markets?

The BDI (Baltic Dry Index) clinched just a point and now reads 1,032. Geopolitics still messy. John Faraclas brief daily recap:

The Capes’ surge was “halted” as the Dry Markets most volatile index gained 31 points and now stands at 1,420. We say “halted” as yesterday the rise was 113 points, the previous day 392 and last Monday 101 points…

The Panamaxes clinched two points with the BPI reading 1,189…

Still making losses; the Supras and the Handies: The BSI was down eight points at 755 and the BHSI down two at 384…

The Wets with mixed feelings stuck down again. The last published BDTI (Dirties) and BCTI (Cleans) stood at 635 – just a point plus and 553 – down 14 points respectively like yesterday… CAUTION!

The WTI was down to US$61.81 – it went even down to US$61.07 at 16:25 BST. Let’s hope it goes down to US$ 49.99!!!

Geopolitics still crucial in many fronts and expect at least three major catastrophic cases to surface very soon…

On another note and tone we had earlier on in London’s Hellenic Centre Kira Phoenix K’inan solo exhibition, the INTERTWIST! A very specialist exhibition to all intents and purposes; read and see herein! 

More news tomorrow with the weekly recap; until then have a nice evening and remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean….

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Uploaded: 22:31 BST

Updated:   23:55 BST

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