The BDI recovers above the 2,000 point threshold

Chartering, Dry Bulkcarriers, Markets, Reports, Tankers, Trade and Commerce — By on August 15, 2019 at 9:16 PM

John Faraclas – picture credits by Georgina Lazaridis

The BDI recovers above the 2,000  point threshold

The BDI (Baltic Dry Index)  with 97 plus points and at 2,047 brings some hope… geopolitics still messy… John Faraclas’ brief recap:

It might be the …full moon – a nature’s monthly phenomenon as well as the Dormition of the All Holy Mother of God as many have prayed for, so the rise comes at no surprise…

The Capes’ BCI gained another triple points – 179 to be precise and now stands at 3,767…

The Panamaxes’ BPI was up 61 at 2,150 points..

A good 48 points for the Supras’ BSI now reading 1,070…. AND…

11 plus points for the Handies’ BHSI now at 550!! A good, a very good day given the triple and double digit point rise of all dry indices…

The Wets with mixed feelings yet again; the last published BDTI  (Dirties)and BCTI (Cleans) stood at 631 – plus four and 458 – minus thee points respectively!

The WTI was down 76 cent since yesterday and now reads US$54.47

More news before midnight; until then remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean

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