Home MarketsChartering Falling BDI@1,697 amid Geopolitical chaos and uncertainty

Falling BDI@1,697 amid Geopolitical chaos and uncertainty

by admin

John Faraclas

The BDI  (Baltic Dry Index) lost a dozen points earlier on today and 26 since last Friday the 17th of August when it stood at 1,723 losing the 1,700 points threshold. We have given adequate warning for this fall with a triple CAUTION reference; see our previous reporting Geopolitics not only remain chaotic and uncertain, they might cause a new catastrophe and we reiterate the view that we are already – a year on today more or less, within the Third World War happenings. John Faraclas daily and weekly recap:

The Capes lost 68 points and the BCI now stands at 3,164 points; on a weekly basis the loss is 190 points – from 3,454.-

The Panamaxes BPI gained 23 points and now reads  1,630; on a weekly basis the BPI gained 145 points – from 1,458!

Gains for the Supras’ BSI now at 1,095 – up eight and on a weekly basis 39 points plus – from 1,056!

Small gains but gains for the Handies’ BHSI now at 551 – plus four and on a weekly basis plus six – from 545!

The Wets with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 794 – plus three  and 480 minus one respectively. The weekly picture proved favourable for the Dirties – up 58 from 736 and 490 down ten for the Cleans .

The WTI stood US$ 68.70 – dangerously climbing up… Last week same stood at US$ 65.90; ultra-caution should be observed.

Reverting with the Geopolitical chaos before midnight; until then be on guard from any actions emanating from Pirates, Terrorists and any Criminals whatsoever  wherever you are on Planet Ocean.

You may also like

Leave a Comment