Home Markets Panamaxes keep the market buoyant as volatile Capers fall…

Panamaxes keep the market buoyant as volatile Capers fall…

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John Faraclas

The BDI (Baltic Dry Index) gained six points and now reads 1,196 thanks to the 51 points gained by the Panamaxes. Geopolitics continue to be the major headache. John Faraclas brief daily recap:

With six points plus the BDI  maintains its rise despite the ups and downs of Capers and Panamaxes.

The BCI 2013 lost 33 points and now stands at 2,345 points.

The Panamaxes did more than well with the BPI gaining 51 points – now reading 1,170!

Minimal rise for the Supras and Handies; the BSI was up four points and the BHSI five bringing the respective indices at 892 and 521 points.

The Wets once again with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 816 –  minus ten points and 790 – plus 23 respectively.

The price of WTI “maintained” the under US$ 50 mark – good news…

In the geopolitical front following the atrocities in London yesterday there is an air of supporting solidarity. Humanity is going through tough times and religious leaders if they believe in human beings must preach for peace as history knows reprisals too. All sides to the equation MUST seat down, live on TV and give explanations. Islamist terrorists CANNOT continue this way. The wolrd had enough!

Otherwise, the Migrants still in the limelight, Wars continue and financial issues are enlarged. We are living in interesting times.

On another tone we attended the Hellenic Bankers Association (HBA-UK) spring drinks at the M of Threadneedle street, this excellent place at Threadneedle Walk off the Bank of England; an excellent chance to discuss the hot issues, including of course the latest terrorist attack in London and in Antwerp!. Over 80 members and guests made it and it was one of the best attended event of its kind. Life goes on and no fear at all, except to remain vigilant – on guard as we advise you, all the time, given the asymmetrical pattern used by terrorists.

Have a nice and peaceful evening.

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