The BDI (Baltic Dry Index) lost just a point thanks primarily to the Supras and Handies and to a leaser extend to the Panamaxes… Geopolitics spot on: more than perplexed. John Faraclas’ brief Market recap:
The Capes’ fall continued with the BCI down 27 points and now standing at 1,826!
Seven valuable points for the Panamaxes BPI now standing at 1,525 points…
Thirteen (13) for luck as the Supras’ BSI now stands at 1,151 points!
The Handies’ BHSI reach the 600 point mark with the four points it gained!
Both Wets were down; the last published BDTI (Dirties) and BCTI (Cleans) stood at 763 – minus two and 508 minus five points respectively!
The WTI as these lines are being written stands at US$ 69.80…
The Geopolitics got worse’ will revert before midnight with the main issues which geatly affect the market
Have a nice evening and remain on guard for any eventuality emanating from Pirates, Terrorists and any Criminal whatsoever!