John Faraclas
The BDI (Baltic Dry Index) ended up 24 points higher than yesterday at 1,385 and 53 since last Friday the 8th of September when it stood at 1,332 points. Geopolitics remain at the lowest level and terror re-asserts itself… John Faraclas daily and weekly recap:
The Capers volatility makes waves; the BCI ended up 43 points higher since yesterday at 2,685, but lost 82 points since last week’s 2,767…. Volatility at its best.-
The Panamaxes, being also our favourite and most promising size gained 22 points and now reads the BPI reads 1,521; on a weekly basis a triple digit figure “brought” euphoria – 146 points plus from 1,375!
The Supras made gains too both a daily as well as on weekly basis; the BSI stood at 977 – up 27 and gained 89 poiunts since last Friday’s 888 points…
The Handies too were on an upwards mode. The BHSI was up seven point reading 536 and on a weekly basis 32 points brought smiles around…
So, all in all a better Dry Market but we feel that we must be still be cautious as geopolitics don’t help at all!
The Wets with very mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) were up seven and down three points at 739 and 545 respectively. On a weekly basis the Dirties gained 38 points – from 701 and the Cleans lost 64 – from 609 respectively.
The WTI stood earlier on at US$ 49.03 – just two dollars up from last week’s closing at US$ 47.38. Caution!
The geopolitical issues got worse since last week, with Islamist terrorist attacking London’s underground at Parsons Green this morning; the culprits are out again but authorities are closing in and soon they will be caught! Pity for the injured; close to thirty….
All other issues unfortunately remain the same as per last week’s recap and we advise / warn the politicians and their cronies all over Planet Ocean to get their act together before it is too late.
London International Shipping Week (LISW2017) was more than a success and sincerely hope more and more issues will be discussed next time round in London and Brussels! In our view shipping becomes shipping for the very very few!
The pollution in Greece’s Saronic Gulf following a maritime accident is serious for the long run and hope the government Names and Shames the perpetrations of this disaster…
Coming up next week is the 12th Annual Greek Roadshow in London of the Athens Stock Exchange 20/21 September…
That’s all for now, have a nice weekend and be on guard from Pirates and Terrorist World Wide…
