Home MarketsChartering Unsustainable Markets amid Geopolitical Tempest ante portas

Unsustainable Markets amid Geopolitical Tempest ante portas

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John Faraclas

The BDI (Baltic Dry Index) after a quick …”rally” over and above the 1,205 points, lost five points and now stands at 1,200 “thanks” to the as ever volatile Capes; The geopolitical upheaval coupled with ultra protectionism in all fronts “promises” mess and only mess… John Faraclas daily recap:

The Capers’ BCI 2014 lost 25 points and now reads 2,441. Volatility at its best following three weeks of gains…

The Panamaxes lost two points and the BPI now reads 1,101; continuous but contained fall…

Two points for the Supras’ BSI now standing at 886 and

Two points for the Hamdies’ BHSI now reading 512.

The Dry Market has no steam.-

The Wets once again with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 824 – no change and 748 plus 28 respectively.

The price of WTI at US$ 48,21 a good level!

The Geopolitical front more than messy – more news later on; until then be on guard for every eventuality…

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