Home MarketsChartering The BDI@1,126 amid worsening Geopolitics

John Faraclas

The BDI (Baltic Dry Index) gained four vital points earlier on today thanks to the Capes mini surge. Geopolitics have already rocked the boat. John Faraclas’ brief daily recap:

The BDI gained four points but in general remains grounded. The Capers’ BCI was up 40 points at 1,197…

Losses for the Panamaxes with the BPI losing a dozen points and now standing at 1,575; CAUTION!

Losses for the Supras; the BSI lost five points and now reads 1,116 points…

Mini gains for the Handies with the BHSI up four points at 645.

All in all a grounded Dry Market and ultra-caution should be observed. Remind you that we are 1,121 points below the end of December 2013 when the BDI stood at 2,247; this is the harsh reality…

The Wets were up; the last published BDTI (Dirties) and BCTI (Cleans) stood at 656 and 557 – that’s four and three points respectively.

The container trade will bring more mess everywhere  AND in all fronts; add the new gigantic box ships, the need of more ergonomic ports, the financial mess prohibiting the expansion of container trade, the silk road and the… belt from the Chinese – wonder if this can ever work given the upcoming was in the areas same will pass… and see what’s up… Ah! Add president Trumps IP penalty against the Chinese… Now really wonder who’s pulling the strings… On all main types above the forthcoming mass ordering of newbuildings will bring total chaos; yet you know my view: Let’s see who thrives in chaos!

The WTI  as these line are being written stands at US$ 65.54 – once again we warn of a mess outcome from the masses; it is too high given the World’s Economic Slum !

In the Geopolitical inferno, the issues we cover over the last five years are getting worse… Did I here you say:

Migrants, The wars in Syria and Iraq, Greece, Turkey, Cyprus, the Balkans, BREXIT and the EU, the Russian saga and this week’s tit for tat on diplomats …err spies.., the new German kick-start under Mrs. Merkel yet …again,  the Italian stalemate vis-a-vis forming a government,  the USA president’s issues and actions on all fronts, Piracy and Terrorism, the Chinese intrusions in the markets and how same can backfire, the scandals in Latin America.., the African drama, the bankruptcy of Planet Ocean, the fraudsters new wrold order, the climate change and the environment mess… Lastly let’s see what the Varna, Bulgaria EU summit brings… Will Turkish president Erdogan listens? 

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

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