The BDI (Baltic Dry Index) ended up earlier on today with a dozen plus points at 912; the Geopolitics might produce trouble; John Faraclas daily briefing:
The Capers are losing steam with no change for the BCI 2014 stuck at 933 since last Friday.
The Panamaxes were up 29 points and the BPI now reads 1,202 points,
Just seven point was enough for the Supras’ BSI to feel …buoyant at 776 points.
The Handies’ BHSI gained just three points – now standing at 489 points.
All in all, the Dry Market and conversely the BDI continues to be far beyond the end of December 2013 level of 2,277 points.-
The Wets with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 644 – no change and 551 minus six respectively.
If rumours are confirmed, expect some shipping scandals with a high corruption element…
The WTI remains close to US$ 46.50 with tendencies for a bit higher level; Caution!
The Geopolitics might ignite wars in many parts of Planet Ocean; Caution!
The Migrants, the Wars in Syria and Iraq with ISIS and other functions there continuous relentlessly!
Turkey, a country to watch whilst its president goes beyond control and that’s going to turn upside down the entire region there and its periphery. The first anniversary celebrations of the so called coup makes president Erdogan a terrorist given also the way he pesters Cyprus on the issue of oil and gas exploration there
Next door Greece too in a mess.
The BREXIT saga continues…
The USA’s president and his Russian counterpart must stop the embezzlement of the public…
Be on guard from every eventuality involving Piracy and Terrorism where ever you are…