Home MarketsChartering Markets: Even the Wets Dry out

John Faraclas

The BDI (Baltic Dry index) is now 1,100 points below that as of the end of December 2013 when the BDI stood at 2,247 points. Geopolitical jeopardy continues… John Faraclas’ brief recap:

The BDI lost 22 points and now reads 1,147 points!

The Capes’ BCI lost 14 points and now stands at 1,952 points..

The Panamaxes’ BPI was down 19 points at 1,118

Supras and Handies falling; the BSI lost 28 points and now reads 814 and 511 minus 13 respectively .

Minimal losses but losses for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 929 – minus one and 667 – minus seven respectively!

The WTI reached the dangerous level, that above the US$ 50 and now reads US$ 50.51. CAUTION and all those “pestering the poor masses all over Planet Ocean will fell in their own tap. We are talking about tapping the poor masses… Shame!

The Geopolitics are derailing Peace and Stability; add the real issue of Global Bankruptcy and see what you get!
All issues we cover over the last period remain the same; The Migrants, the Wars, the Trade Wars; everything intact so to speak.

Be cautious with Balkans were Russia tries to interfere given the Greek uncertainty following the collapse of the coalition government between SYRIZA and ANEL due to the issues with fYroM despite the voting process in Skopie in favour of the Prespes accord – mind me the opposition abstained…and in Greece were the small right wing party ANEL (Independent Greeks) disagrees with the usage of the name Macedonia in any way… Expect one day developments and possible elections as we foresee in our last Fridays’ recap… whatever the situation is NOT rosy AT ALL!

The other crucial issue is the BREXIT; this week will determine too many things and the fate of too many people in the UK and the EU as well as business worldwide.

Have a nice evening and remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet ocean!

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