Home MarketsChartering Capes’ free fall a liability for all; BREXIT deadlock yet again…

Capes’ free fall a liability for all; BREXIT deadlock yet again…

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John Faraclas

Capes’ free fall a liability for all; BREXIT deadlock yet again…

The BDI (Baltic Dry Index) lost four points and now stands at 685; BREXIT makes waves with yet another deadlock. John Faraclas’ daily brief recap:

The Capes’ BCI lost 28 points and now approaches the rock bottom with incalculable repercussions for all. At 122 sends shocking waves…

The Panamaxes’ BPI was the only size with gains; eight plus points and now reads 1,110…

Minus six points for the Supras’ BSI now at 807… and  minus three for the Handies’ BHSI now at 461 points.

All in all a disastrous Dry Market….

The Wets on a falling mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 648 and 737 – minus thee and seven points respectively!

The WTI was dangerously up at US$ 61.59 – a US$1.40 higher than last Friday the 29th of March when it stood at US$ 60.14. Once again ultra-caution should be observed!

The Geopolitical front is now dominated by BREXIT’s deadlock. None of the four proposals had any luck whatsoever earlier on tonight in Parliament.

More news tomorrow but worth mentioning the MIGRANTS – being the number one issue on Planet Ocean,  losing grip of Turkey’s president Erdogan at the Municipal Elections… The surprise of a comedian coming first in Ukraine‘s first round of the presidential elections – bravo  to  Volodymyr Zelenskiy gaining 30 centum of the vote and  in Slovakia another bravo for the young lady Zuzana Caputova who becomes the country’s first female president; she did it!

That’s all for tonight; 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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