The BDI (Baltic Dry Index) ended up earlier on today with 54 points plus since yesterday, – thanks to the Capes, and now stands at 1,476. Geopolitics still turbulent; John Faraclas brief daily recap:
The Capes’ BCI on an upwards …spree; the BCI gained 174 points and now stands at 2,478. Interesting but dangerous too…
The Panamaxes’ BPI fell two points and now reads 1,336; a big caution here!
A continuous fall by the Supras brought the BSI down to 1,025 – minus nine points!
Minus four points for the Handies’ BHSI, now reading 571 points…
So all in all a Capes Market and that’s worrying, as very simply: it doesn’t reflects the real market sizewise!
The Wets with mixed feelings yet again; the last published BDTI (Dirties) and BCTI (Cleans) stood at 705 – minus seven and 500 – plus four points respectively; the latter a good sign as it reached the 500-point threshold.
The WTI, as these lines are being written, fell to US$ 73.68… we all hope for the WTI per mare per terra to drop-down to US$ 49.99; that’s the highest level acceptable and sustainable by the masses all over Planet Ocean!
Meantime, here below is VesselsValue & ViaMar’s Market Asset Value Forecast for Q2 2018. Titled: LR1 Tankers, Handysize Bulkers and Panamax Containers: Q2 Forecast winners promises a great read and thought:
Turbulent Geopolitics with: MIGRANTS creating political havoc – about to bring down governments and coalition governments; The entire Middle East is still on fire and will soon become a total loss – or better say a CTL..; Turkey will bother us on all fronts; Greece will enter a period similar to a point of no return unless…; The BREXIT creates tidal waves on all fronts – EU workers rights, fishing rights, you name it; the Cracks in the EU deriving all from the MIGRANTS and economic discontent! The Austrian worries, the Polish justice saga, the forthcoming Italian financial “earthquake” which will make Etna and Vesuvius look …saint’s mountains. AND the Thai boys at that flooded cave now safe!!
Football produced great games at the World Cup in Russia with England and Sweden to meet on Saturday after decisive wins over Colombia on penalties and Switzerland on a straight game…
In the meantime have a nice evening and continue to remain on guard protecting yourself from Pirates, Terrorists and Criminals of any kind wherever you are on Planet Ocean!