The BDI (Baltic Dry Index), thanks mainly to the Capers, lost 16 points and now reads 1,278; the Geopolitics are getting more than sour… John Faraclas’ daily market briefing:
The BCI 2014 lost 90 points and now reads 2,130 points. The Capers will continue for the foreseeable future to be volatile and uncertain!
The Panamaxes too lost, but only nine points; the BPI now stands at 1,612 points.
The Supras and the Handies …”though” were … up two and five points respectively at 900 flat the BSI and 568 the BHSI!
Moore Stephens released an interesting warning on dangers of diving unprepared into shipping pools, whilst William Benentt, Senior Analyst from VesselsValue tells us on the Seaborne demand for Arabian Gulf crude exports down 14% in first quarter 2017 in VLCCs and Suezmaxes. Both are worth studying.
The price of WTI as these lines are written stood at US$ 49.98 and its good to see same close and under the US$ 50 mark…
On the Geopolitical front the MIGRANTS remained the number one issue in its entirety…
The Wars in Syria and Iraq as well as the tensions in the FarEast with
the North Korea and other issues – South China Sea, continues.
The snap election in the United Kingdom on the 8th of June takes centre stage affecting all global issues. Let’s see Mrs. May’s new Britain on Planet Ocean!
Turkey must find its new identity and this will come very soon; expect sudden tsunamis
Greece too might produce tsunamis too.
Be on guard as the world is on fire with nearly every region in trouble…
Be also on guard from Pirates and Terrorists!!!