John Faraclas
The BDI (Baltic Dry Index) rise was contained earlier on today with almost 50 centum lower since last Friday’s the 13th of April level (plus 21). Geopolitics will become more perplexed and be braised for a long warring environment which will affect all business and conversely Shipping. John Faraclas’ daily market and Geopolitics briefing:
The BDI gained just 11 points and now remains in a limbo situ just above the 1,000 – at 1,025 points….
The Capers’ BCI was up 23 points at 1,061 points… nearly half since last Friday when the BCI gained 56 points…
The Panamaxes rise was halved to eight points, and the BPI now reading 1,359 points…
The Supras were up just three points – …good news after a week of continuous fall, with the BSI now reading at 1,016…
The Handies lost two points and now the BHSI stands at 626 points.
All in all there isn’t much steam; let’s hope things don’t turn nasty!!!
The Wets with a minimal rise… the last published BDTI (Dirties) and BCTI (Cleans) stood at 640 and 529 – one and four points plus respectively…
The WTI on a falling mode stands now just below the US$ 67 mark… Caution…
The Geopolitics continue to be in a mess; the same issues as per last week remain and following the American led action in Syria issues are far worse. Add the latest action of the rogue state and its behaviour, that is to say Turkey – politicians and media manipulating everything increasing the tension not only between Turkey and Greece but also 1,000 miles around Turkey, will create an inferno soon… Greece is a European Union state and Turkey is NOT…
Will revert with more geopolitical news later on.
Until then be on guard for any eventuality emanating from Pirates and Terrorists wherever you are on Planet Ocean!
