John Faraclas
The BDI (Baltic Dry Index) closed earlier on eight points down since yesterday at 1,215 – five consecutive days of falling… Geopolitics flair up…. John Faraclas brief daily report:
The Capers lost 45 points and the BCI 2014 reads 2,184 points.
The Panamaxes’ BPI gained 16 points thus reducing the overall fall – now reading 1,387…
The Supras and Handies gained just two points each; now reading 882 and 545 respectively.
So all in all a downwards dry market and survival is a must!
The Wets continued to fall too; the last published BDTI (Dirties) and BCTI (Cleans) lost five and 25 points respectively now reading 773 and 679 points. CAUTION…
The price of WTI approaches the US$ 52 mark; bad news for the poor…
The Boxhips continue to be in dire straits irrespective of mergers, coalitions and colaborations…
Shipping gets geared to become shipping for the very very very few!
In the Geopolitical front things get worse everywhere; we will revert with a full recap of Geopolitics tomorrow with our weekly report. Until then be on guard for any eventuality where ever you are on Planet Ocean!
