Home MarketsChartering Struggling BDI@1,210 amid the coming geopolitical tsunami

Struggling BDI@1,210 amid the coming geopolitical tsunami

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John Faraclas

The BDI(Baltic Dry Index) managed to clinch thee points since last Friday the 2nd of March and now stands at 1,210. The Ides of March are here to stay, unless… The Geopolitical front is more than blue and expect tsunamis in many fronts; John Faraclas daily briefing:

The Capers are grounded and the BCI managed five points plus – now reading 1,592…

The Panamaxes BPI gained just two points and now stands at 1,502…

The Supras “topped-up” with two points and the BSI stands at 1,006.

Four points plus for the Handies with the BSHI now at 590 points.

All in all a stranded Dry market. The gap remains still high from the end of Dec 2013 i.e its closing  at 2,247 minus today’s  1,210 = 1,037 points. This is the reality, end of the story.-

The Wets once again with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 669 – plus seven and 600 flat – minus four respectively…

The WTI as these lines are being written stands at US$ 62.60 – still an inconsiderate figure for the poor masses.

The Geopolitics looks like the worse coming tsunami; be on guard as things might get sour. MIGRANTS, The War’s in Syria and Iraq, the Turkish president destabilization tactics, The Greek drama – inside and outside Greece, the Cyprus upcoming mess – unless the US stops the entire provocation of the Turks in Eastern Med, , The BREXIT on going saga, president Trump’s protectionism ideas, the inconclusive Italian elections, Russia’s latest behaviour getting crucial, China’s commercial plans and many more burning issues coupled with a bankrupt will cause havoc everywhere…

Have a nice evening and be on guard from any eventuality emanating from Pirates and Terrorists wherever you are on Planet Ocean!

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