Markets hiccups…

Markets, Reports — By on December 5, 2019 at 4:05 PM

John Faraclas

Markets hiccups…

The BDI (Baltic Dry Index) following yesterday’s …“unprecedented” fall of seven points, was down earlier on today at 1,574 points – minus 24, thanks to the Capes… Wets too with mixed feelings… Geopolitics still messy and about to see explosions in many fronts; John Faraclas’ brief recap:

The Capes’ BCI lost 57 points and now reads 3,325…

The rest of the indices had a minimal to zero rise; the Panamaxes’ BPI gained ten point and now stands at 1,336 points…

Three points plus for the Supras’ BSI now at 831…

The Handies’ BPI remained the same at 505 points…

Mixed feeling for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,286 – plus 27 and 809 – minus 11 points respectively.

The WTI remained the same as per yesterday’s US$ 58.43 and looks rising which is bad news!

The Geopolitical situation continues to get worse and same was confirmed during traveling talking to various people from various nationalities; ultra caution should be observed.

Have a nice evening and remain on guard from actions emanating from Pirates, Terrorists and Business Hooligans whatsoever wherever you are on Planet Ocean!

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