The BDI (Baltic Dry Index) lost 91 points earlier on today “thanks” to the collapse – lets hope temporarily- of the Capes; Geopolitics will take some unprecedented twists and turns and IBIA’s 2018 Convention is on! John Faraclas daily briefing:
What a fall was that of the Capes? The BCI lost 328 points, lots the 2,000 points threshold and now read 1,968 points…
The Panamaxes were down 17 and now the BPI reads 1,511 points 1511!
A dozen points lost from the Supras’ BSI now standing at 1,021 points…
Minimal, but again losses are losses for the Handies’ BHSI now down to 660 – minus thee points…
All in all a downwards Dry Market and the gap widens to 943 points with that as of the end of December 2013 when the BDI stood at 2,247 points..
The Wets one again with mixed feelings and a Cleans’ surprise; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,116 minus 18 and 608 – plus 25 points respectively. A nice surprise from the Cleans!
There are worries all over Planet Ocean on what is going on with the BDI and i general with the markets; caution!
The WTI was down to US$ 61.60; that’s good news. Will same go below the US$ 60 mark?
Geopolitics with give tsunamis; pleased that our expectation for the USA’s mid-tem elections come out true!
On another tone and note IBIA’s first day 2018 Convention at Scandic Kødbyen Hotel’s auditoriums was more than a success; excellent presentations and debates. Due to technical reasons until this very moment it was impossible to see the upload. Bear with us.
Have a nice evening and continue to be on guard from actions emanating from Pirates, Terrorists and any Criminal whatsoever wherever you are on Planet Ocean.