Home MarketsChartering UK’s good weather …“boosts” the BDI now at 649

UK’s good weather …“boosts” the BDI now at 649

by admin

John Faraclas

UK’s good weather …“boosts” the BDI now at 649

The BDI (Baltic Dry Index) gained a dozen points earlier on today; all indices were on the plus mode… Wets though fell; an abrupt fall for the Dirties…. Geopolitics remain crucial. John Faraclas’ daily briefing:

The Capes’ BCI was up two points at 522 – an ….exceptional development following weeks of falling. Let’s see what’s next there.

The Panamaxes’ BPI clinched 28 points going over and above the 700 points threshold at 713!

A single digit improvement for the Supras’ BSI now at 729 – up eight points.

The Handies’ BHSI was up six points at 372…

The Wets on a falling mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 801 – minus 22 and 588 – minus seven points respectively. A wow?

The WTI was close to US$ 55.45… Something strange is happening there; time will tell… Is President Trump trying to lower the oil prices?

A better picture for the Dry Market and let’s have hope for better days but also be realistic; not the same for the Wets though given the Geopolitical mess all over…

The Geopolitics are a major issue. All main issues we cover remain the same – even worse…
Migrants, The Global Economy, BREXIT with too many twists and turns, Media in disarray given that we don’t have a response from the BBC to the Greek Ambassador’s in London letter to their reporting on North Macedonia and claims for “Greece’s invisible minority – the Macedonian Slavs” !!! Who is trying to call a fast one on Greece? Eh!!! The Indian / Pakistan flair-up… and other issues…

Will revert with more Geopolitics before midnight; until then remain on guard from actions emanating by Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean!

You may also like

Leave a Comment