John Faraclas
The BDI (Baltic Dry Index) ended up earlier on today with 22 points plus, thanks to the Capers; geopolitics urge us all to refrain from actions that sooner or later we will regret doing. John Faraclas’ daily briefing:
The Capers’ BCI was up 76 points and now stands at 930; good to see the BCI above 930 points…
Four points plus for the Panamaxes BPI now reading 11,319 points…
Both Supras and Handies continued to fall; the BSI lost eight points and the BHSI two, now standing at 1,016 and 636 points respectively…
The Dry markets are still very low; ultra caution to all… The BDI is 1,273 points down from the closing of Dec 2013 when it stood at 2,247 points; this is the hash reality.-
The Wets continued to fall; the last published BSI and BHSI stood at 637 and 498 points – down six and three points respectively!
The WTI as these lines are being written stands at US$ 65.50; still too high…
The geopolitical and financial situation with too many issues unsolved are dragging the world towards a total revolt and an all-time bankruptcy; there are trillions of dollars of public and private debt and no one will ever agree to write off these colossal debts! The War is on!
Have a nice evening and be on guard from any actions emanating from Pirates and Terrorists wherever you are on Planet Ocean…
