The BDI (Baltic Dry Index) gained another 44 points and now stands at 1,747 thanks to the Capes’ continuous surge… Geopolitics a bit of the same – still getting worse. John Faraclas’ daily briefing:
The Capes’ BCI was up 191 points – now reading 3,471 points. CAUTION as this volatile rise might become a boomerang…
The Panamaxes BPI was down 1 point to 1,570… CAUTION!
The Supras’ BSI remained idle at 1,035 points and the Handies’ BHSI was down two points and now reads 548.
All in all a Capes market and we advise ultra-caution as other developments might see the entire Dry Market grounded! As we have numerous times stressed: one size cannot create a market nor constitutes one!
The Wets with mixed feelings yet again; the last published BDTI (Dirties) and BCTI (Cleans) stood at 768 – plus 20 and 498 – minus 13 !!! Caution!
The WTI as these lines are being written stands at US$ 70.40… Too much to bear for the poor masses… Ultra caution…
The Geopolitics remain as per yesterday’s report – even going worse. Be prepared for major upheavals all over. As we said situation is very perplexed and the Third World War is on. There will be a multiple of asymmetrical attacks in many fronts, both economical and warring ones.
Lastly do read carefully our latest on the Wildfires in Greece – Attica in particular.
Have a nice evening and be on guard from any eventuality emanating from Pirates, Terrorists and any Criminals whatsoever wherever you are on Planet Ocean.-