Home MarketsChartering The BDI@692; Panamaxes save the day

John Faraclas

The BDI@692; Panamaxes save the day

The BDI (Baltic Dry Index) clinched two points  earlier on today thanks to the Panamaxes’ “surge”… Geopolitics remain crucial in all fronts. John Faraclas’ brief daily recap:

The Capes’ fall continued; minus 11 points and the BCI now stands at 167 points!!! Ultra-CAUTION should be observed….

The Panamaxes 31 plus points saved the day and lets hope soon the BPI will be over and above the 1,100 mark. At 1,087 today ensures its rise!

Eight points losses for the Supras’ BSI now standing at 823 points.

The Handies’ BHSI clinched a point and now stands at 467!

Mixed feelings for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 663 – minus 15 and 723 – plus 20 respectively.

The WTI stood at US$ 59.40… Still too high!

The Geopolitics remain the same with the MIGRANTS still the number one issue – they even high-jacked a tanker ship  – the Elhiblu 1 which rescued them off the Libyan coast… later on Maltese special forces regained control and all MIGRANTS are being held by police in Valletta. SHAME to all intents and purposes.

The Middle East saga in its entirety continues… to be more than dangerous…

Turkey’s president gets beyond reality with demands and bullying all in the region…

BREXIT: the agony is here to stay until tomorrow. Mrs. May is a hero! Let’s hope for the best possible outcome for all involved!

Venezuela will also become – very soon, a major issue; meantime, the opposition leader Juan Guaidó seems to be in trouble as the state financial controller says his finances are not in order… Russians are building up forces to defend president Maduro. Cubans and others are there too… The USA is furious. What’s next there??? CAUTION!

That’s all for tonight; more news tomorrow with the weekly recap.

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

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