Contained rise of the BDI

Chartering, Dry Bulkcarriers, Markets, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce — By on August 29, 2019 at 10:51 PM

John N. Faraclas

Contained rise of the BDI

The BDI (Baltic Dry Index) gained ten points earlier on today as the euphoria of the Capes seems to end… The Wets on low levels. Geopolitics still messy and dangerous. John Faraclas’ brief daily recap:

The BDI now stands at 2,277 points  which is 30 points above the end of Dec 2013 level (2,247)… Indeed we hope the situ remains as it is…

The Capes’ BCI fell seven points and now stands at 4,206; is this the end of its euphoria or a temporary hiccup?

The Panamaxes’ BPI was up 14 points and now reads 2,249…

Another 18 good points for the Supras’ BSI now at 1,328…

Another 13… for luck for the Handies’ BHSI now reading 656…

All in all still a very good market but CAUTION is advised as the Trade Wars and World Debt are dangerous parameters…

The Wets more or less stable with minor losses; the last published BDTI (Dirties) and BCTI (Cleans) stood at 660 – minus four and 469 – no change since yesterday respectively…

The WTI at US$ 56.55…which is 77 cents above yesterday’s level of US$ 55.78… Still high levels…

As said in the preamble Geopolitics still messy…

MIGRANTS remain the top story!

In the UK the BREXIT issue took another twist with the decision of PM Johnson to suspend Parliament…The plot gets exciting now but whose gone to pay the damage? Let’s hope Boris Johnson has a pragmatic plan, otherwise the shit will heat the fan! It looks like a very perplexed case with unexpected hiccups on the way enfolds… CAUTION!

Will Giuseppe Conte make or break in Italy; another hot spot in Europe influencing like the UK global matters…

More news latter on tonight; until then have a nice evening but continue to remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean

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