John Faraclas
The BDI (Baltic Dry Index) lost 24 points today and now stands at 888 , “thanks” to the Capers. The war in Syria and the world economic recession might lead to an all out conventional war; John Faraclas reports:
The BCI 2014 lost 129 points and now stands just above the 2,000 point mark at 2,067 points sending shivering messages to all.
The Panamaxes too were on a downward modus losing 10 points bringing the BPI down to 741 points…
The Supras and the Handies remained the same with the BSI at 676 and the BHSI at 422 points respectively.
Caution caution caution…
The Wets once again with mixed feelings; the BDTI (Dirties) at 644 (up six) and the BCTI (Cleans) at 365 (down 10).
The price of WTI as these lines are written is up at US$ 47,74 – what a ..reflection… Caution as OPEC and non-OPEC might soon clash…
The Geopolitics are still under the MIGRANTS uncertainty and the more the proxy war continues in Syria, the more a spill over can ignite the entire Balkans and East Med!
BREXIT begins to bite and it remains to be seen what both sides weaponry is…
Greece has enter its worse period; take cover.
The US presidential election goes from worse to worse….
The World Maritime Day in the IMO was a success; both the debate on Global Shipping’s Future Challenges and the reception were very stimulating…
Be prepared for every eventuality!
