The BDI@649; adversity makes strange bedfellows…*
The BDI (Baltic Dry Index) was down eight points today thanks to the Panamaxes as the Capes are settling(?) down a bit. Geopolitics remain very perplexed in all fronts and issues. John Faraclas’ daily and weekly recap:
The weekly loss of the BDI was 15 points – down from last week’s 664 points.
The Capes’ BCI lost just a point and now reads 235; it was down though 148 points since the 1st of March when it stood at 383 points. Very odd situ..
The Panamaxes’ BPI was down 32 points and now reads 894; it was up though 31 points since last week’s 861 points…
No change for the Supras’ BSI “stranded” at 790; the weekly gains were 31 points – from 759! Another encouraging note!
The Handies’ BHSI clinched three points and now read 421; the weekly gains were fairly good for the time reading 28 – up from 393 points.
So all in all a downwards dry market but I guess we might see some odd improvements and losses… The gap is now 1,598 points (End of Dec 2013 2,247 points minus 649 points – today’s reading) The harsh reality of the figures!
Falling Wets both on the day and weekly count; the last published BDTI (Dirties) and BCTI (Cleans) stood at 747 – minus six and 557 – minus seven points respectively. On a weekly basis the Dirties lost 34 points – from 781 and the Cleans lost 19 – from 576… CAUTION !
The WTI stood at US$ 56.02 – sixty four cents lower since yesterday but on a weekly basis same was up 22 cents from last Fridays US$ 55.80 CAUTION. There are some unnecessary fluctuations…
Will revert before midnight with:
a)the turbulent Geopolitics and
b)on another column with an impromptu special survey on the International Women’s Day which for technical reasons cannot be uploaded until we rectify a problem. All responses though and pics from RWAD women are there – timed: 23:10 GMT.
Have a nice evening and remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligan whatsoever wherever you are on Planet Ocean!
*Perhaps the most famous iteration of this quotation is in Shakespeare’s last known play, The Tempest. “Misery acquaints man with strange bedfellows” is used when the shipwrecked jester, Trinculo shelters himself from the storm under Ciliban’s cloak, uniting the unlikely pair and setting the scene for a humorous exchange… Try to interpret this quotation for Shipowners and Charterers under today’s prevailing dry and wet market conditions…