The BDI@654: slow recovery, more jeopardy or what…
The BDI (Baltic Dry Index) ended up seven points; the Geopolitics are totally governed by what’s the aftermath in a BREXIT scene… John Faraclas’ brief midweek recap:
The Capes “are back”; the BCI was up 49 points surpassing the 300 points-threshold!
The Panamaxes’ though were down 16 points and the BPI now reads 823 points!
No change with the Supras’ BSI – the 789 points remain showing thee isn’t steam at all particularly with the Ups and downs of the Capes and Panamaxes – indeed the Supras are affected!…
The Handies BHSI clinched one point and now stands at 430 points.
All in all still a perplexed market as both hope and despair due to uncertainty remain good bed fellows…
The Wets were both up! The last published BDTI (Dirties) and BCTI (Cleans) stood at 743 – plus six and 580 – plus five points respectively!
The WTI stood at US$ 58.26 – up US$ 1.39… CAUTION!
Let’s see when the USA will export more oil than Saudi Arabia; that’s gone to be fun and trouble!!
Shipping becomes shipping for the vey very very few and we would like to see comments on this. You have to be ultra powerful financially to survive. Only 25 percent will survive this crisis and the too many rules – environment and others. China was like a comet which now begins to fall; just wait and see… Caution! Caution as with Planet Ocean in debt, a debt of US$ 250 Trillion nothing good can happen… Only a contained war can become the locomotive and see 25 centum of this debt covered; and then… Chaos!
The Geopolitics very tensed!
The Migrants still on top of all issues.
The BREXIT saga approaches the levels and character of the Byzantine era. Congratulations to Mrs. May; she’s getting thee despite losing her voice – she can hear though the echo from the British people eagerly awaiting for better days and stability. The instability derives from the opposition which claims she had to talk to them and the British people. She did but he declined to talk to her; remember!
Europe has the handicap with the BREXIT outcome, particularly id at the last moment there is no deal at all! Let’s hope there is a deal favourable for all but more importantly for all the people in both sides of the British channel!
At the other side of the Atlantic now…
In the USA Paul Manafort, President Trump’s former campaign chairman got 47 months in jail…
President Trump plays it cool with the North Koreans… Does well with the Chinese and let’s see were all these issues will lead. Certainly he knows how to negotiate; and that’s a plus!
The Boeing 737 Max ae to be grounded…
Terrible things happening in Venezuela… President Maduro punishes his people for no reason and his supporters abroad ae one of a kind; shame!
All eyes are now focused in Panama City were Panama Maritime begins this Sunday!
That’s all for tonight and we urge you to remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean!