The BDI “surge”; reality, correction or what…

Chartering, Dry Bulkcarriers, Markets, Reports, Shipping Indices, Statistics, Stock Markets, Tankers, Trade and Commerce — By on October 8, 2019 at 10:34 PM

The BDI “surge”; reality, correction or what…

The BDI (Baltic Dry Index) went over and above the 1,800 points threshold with Panamaxes being the main cause of this rise! John Faraclas’ daily brief recap:

The Capes’ BCI was up 28 points at 3,031…

The Panamaxes’ BPI gained 56 points reaching 1,804 points…

The Supras’ BSI with just three plus points now read 1,199 and the Handies BHSI down three at 664 completing a better Dry Market picture.

The Wets continued their rise; the last published BDTI (Dirties) and BCTI (Cleans) reached 1,355 points – up 97 and 604 – up 52 points respectively!

The WTI stood at US$ 52.63 – slightly down since yesterday (US$ 52.75).

Geopolitics turn sour with the MIGRANTS and Turkish offensive against the Kurds firstly in Iraq and secondly in Syria – in Syria it’s where all the attention focuses making the main news in the turbulent East Med region on top of the Turkish intrusion in Cyprus’ EEZ!

The second day in Cyprus for Maritime Cyprus’ Conference all looked more than exciting!

More news in the first update; 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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