John Faraclas – picture by ecopack77
The BDI (Baltic Dry Index) lost another 23 points earlier on today and now, amid the worst uncertainty both trade and geopolitics-wise, sends warning shocks. Let’s hope we are wrong… The Geopolitics continue to be dodgy. John Faraclas’ daily recap:
The Capes as expected lost the 3,000 threshold base and with minus 94 points the BCI stands at 2,994.
The Panamaxes BPI lost four points – the first loss after a while of a good surge and now reads 1,639 points!
Good returns for the Supras’ BSI with 11 points plus now reading 1,121 !
The Handies’ BHSI clinched two points and now reads 556.-
Losses and stagnation for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 795 minus nine and 478 minus one points respectively.
The WTI as these lines are being written stands at US$ 69.17 – mind the rise… CAUTION.
Will revert with the perplexed Geopolitics late on tonight; until then be on guard from any action emanating from Pirates, Terrorists and Criminals whatsoever wherever you are on Planet Ocean!
