John Faraclas
The BDI (Baltic Dry Index) lost 27 points since yesterday and if same goes below the 1,500 point-threshold it will be an issue. Geopolitics equalise the theatre of the absurd! John Faraclas’ brief report:
The Capes did it again; falling 81 points and going well below the 2,000 points threshold is a worrying issue but we are all used of this size’s volatility. At 1,961 the BCI is still “sustainable”…
Minor losses for the Panamaxes BPI now at 1,747 – minus two points..
Good to see the Supras’ BSI over and above the 1,200 points – 1,203 plus two!
Gains for the Handies’ BHSI; four points and now standing at 643!!!
The gap between today and that of Dec 2013 is 744 points (2,247 – 1,503); you can make your assumptions…
The Wets with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 858 – plus five points and 590 minus six points….
The WTI as these lines are written stands at US$ 74.65… still on the high side… It might backfire one day irrespective if we witness a triple digit figure…
The Geopolitical situation is getting far worse than yesterday and Friday the 5th of October.
MIGRANTS, The messy Gibraltar to Afghanistan and Caucuses to the Horn of Africa region with TWO epicentres, one in the Balkans and one in the Middle East can cause major tsunamis… Turkey’s situation and behaviour, Greece’s melodramatic case, Italy’s financial mess which might lead to a EU fiasco, the BREXIT saga… Add the issues all over the Americas…. Add the Trade Wars and see what you get… CAUTION!
We will revert at a later stage with some major worrying issues, above all the MIGRANTS and the Financial state on Planet Ocean. Too many scandals, too much corruption!! Be on guard…
Have a nice evening and continue to be on guard from actions emanating by Pirates, Terrorists and Criminals of any kind wherever you are on Planet Ocean!
