The BDI (Baltic Dry Index) was down 19 points at 901 points; Geopolitics continue to be dodgy. John Faraclas daily and weekly report:
So the BDI dropped further and whatever more or less was gained during the week is now lost. The weekly though overall situ was better and the index gained 31 points from last Friday’s 870.
The Capers which led this fall lost 60 points on a daily basis and now the BCI 2014 stands at 1,086 points. On a weekly basis it was up 99 points (from 987…)
The Panamaxes fall brought the BPI down 28 points at 1,091 and also lost 47 points from last Fridays’ 1,138 points; caution!
The Supras’ loss was minimal, just four points bringing the BSI down to 754 points and on a weekly basis they gained 10 points – from 744.
The Handies were up three points at 467 since yesterday and plus 16 from last week’s 451 points
Mixed feelings for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 668 – minus two and 569 – plus one respectively. On a weekly basis the Dirties lost 18 points – from 686 and the Cleans gained 23 – from 546 points.
All in all, both Dries and Wets are far below the end of December 2013 levels which “comfortably” stood at just above the 2,200 and 1,000 points respectively!
The WTI surpassed the US$ 45 – now reading US$ 45.29. Last week it was at its “best…” at US$ 42.91; caution for both the rich and the poor…
On the Geopolitical front expect the possible wrath of US president Donald Trump on the North Korean saga… Caution too as it might trigger uncontrollable situations!
More news latter on; until then have a nice evening and weekend and be on guard from any eventuality from Pirates and terrorists where ever you are! Read the surge of Piracy here in the Gulf of Guinea…