John Faraclas – picture by ecopack77
WHAT A WEEK THAT WAS! The BDI (Baltic Dry Index) avoided today’s super loss as many expected, given that the Panamaxes saved the day! With Armageddon ante portas things are getting more than perplexed. John Faraclas’ daily and weekly recap:
With six points plus the BDI now stands at 1,490 points which is below last Friday’s 31st of August closing of 1,579 – down 89!!!
The Capes lost 13 points and the BCI now reads 2,411 points; on a weekly basis the loss was a triple-digit one: 331 points!!!
The Panamaxes gained a dozen points and the BPI now stands at 1,512 which is 43 points down since last week – down from 1,571!
Just a point down for the Supras’ BSI now reading 1,134 which is though two points higher since last week – from 1,132!
Daily and weekly “gains” for the Handies’ BHSI now at 568 – up three and plus six since last week – from 562 – “not” bad eh!
The Wets Dirty Index – BDTI remained the same as per yesterday’s closing – 778 points. On a weekly basis same was down nine – from 787 points.
The WTI stood at US$ 67.85 – last week it recorded US$ 69.88.
The Geopolitics with all the main issues we cover get worse; will revert soon with a full recap. Until then be on guard for any eventuality emanating from Pirates, Terrorists and Criminals wherever you are on Planet Ocean…
