Capes surge to lift BDI, Geopolitics stuck in uncertainty and the 31st IMO Assembly Opening session kick starts

IMO, Markets, News, Reports, Shipping Indices — By on November 25, 2019 at 11:45 PM

John Faraclas

Capes surge to lift BDI, Geopolitics stuck in uncertainty and the 31st IMO Assembly Opening session kick starts

The BDI (Baltic Dry Index) gained 67 points and now stands at 1,351 thanks to the Capes’ surge… The Geopolitical situation will turn Planet Ocean upside down. John Faraclas’ brief market recap:

The Capes’ BCI was up 223 point and now reads 2,716 surpassing the 2,500, 2,600 and 2,700 thresholds; volatility at its best!!

The Panamaxes’ BPI was down ten points at 1,119…

A good 20 points plus for the Supras’ BSI now at 767 points…

The Handies’ BHSI temained stuck at 494…

Mixed feelings for the Wets; the last published BDTTI and BCTI stood at 11,276 points – minus 20 and 942 plus 62 (!) respectively

The WTI rose to US$ 58.01… from US$ 57.77 (22/11/2019). CAUTION CAUTION CAUTION!

Geopolitics is total disarray; expect earthquakes and tsunamis…

The 31st IMO Assembly Opening session was unique on all counts; same applies for the IMO Awards ceremony  with Joseph J. Angelo being the recipient of the 2018 International Maritime Prize and Petty Officer Michael W. Kelly – USCG,  the recipient of the 20118 IMO Award for exceptional bravery at Sea.

And what an address that was from the Greek Minister of Shipping and Insular Policy Ioannis Plakiotakis!

More news at the first update close to midnight; until then remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you ron Planet Ocean.

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