Home MarketsChartering Tough days for the struggling BDI and Geopolitics

Tough days for the struggling BDI and Geopolitics

by admin

John Faraclas

The BDI (Baltic Dry Index) gained three points since yesterday and now reads 1,723. Geopolitics and disasters – natural, technical and political ones are high on the agenda! John Faraclas’ brief Daily and Weekly Recap:

So at 1,723 one must be more than happy as these three plus points make the real difference.  On a weekly basis the BDI was up 32 points – from 1,691 on the 10th of August 2018. These 32 points, given the Geopolitical circumstances, are more than vital…

The Capes’ BCI lost 22 points and now stands at 3,454 – on a weekly basis the loss was 26 points – down from 3,480…

The Panamaxes continue to gain and the BPI  stood at 1,485 that’s plus 38; on a weekly basis the good news was 146 points – from 1,339!!

The BSI at 1,056 points that’s plus six for the Supras with a good 17 points plus since last Friday the 10th of August 2018 – from 1,039…

The Handies BHSI clinched a points and now reads 545; on a weekly basis plus three isn’t that bad – from 542!

The Wets with mixed feelings; the Dirties’ BDTI stood at 736 points – plus 5 and the Cleans’ BCTI minus one at 490. The weekly count was 23 plus for the Dirties – from 713 and for the Cleans just one now at 490 – plus one from 489!

The WTI as these lines are written stands at US$ 65.90… Lat Friday the 10th of August same stood at US$  66.78 !

Will revert later on with the Geopolitical inferno we are witnessing; until then remain on guard from any eventuality emanating from Pirates, Terrorists and Criminals of any kind wherever you are on Planet Ocean!

You may also like

Leave a Comment