Home MarketsChartering The BDI@749… amid Geopolitical uncertainty…

The BDI@749… amid Geopolitical uncertainty…

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John Faraclas

The BDI@749… amid Geopolitical uncertainty…

The BDI (Baltic Dry Index) gained 11 points earlier on today. The Geopolitical situation remains uncertain. John Faraclas’ brief daily recap:

The Capes’ BCI was up 14 points at 459…

A good …“catch” for the Panamaxes’ BPI now at 1,119 points…

The Supras managed to gain four points and now the BSI stands at 718…

Further, but minor losses for the Handies’ BHSI now at 397 points – minus two…

The Wets on a stagnant and falling mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 639 – no change and 557 – minus nine respectively.

The WTI now stands at US$ 64:05 (23:00 BST) CAUTION… Too many behind hte curtians and under the table political deals for fixing the price…

The Geopolitical situation remains the same and the uncertainty is growing… It isn’t just the BREXIT or the “Trade Wars” or the “Sanctions” or the various Wars or the poor MIGRANTS; “it’s the Economy Stupid” with the Global debt, as we continuously mention, standing at US$ 250 trillion. End of the story.-

In this unfriendly environment and despite the global needs, shipping is being squeezed with too many environmental regulations and protectionisms which lead to more newbuildings burning slowly slowly “different fuels”… but NOT what they should… You dead well know what I mean… AND: what happens with the existing ships…

We are closely watching the disaster in Paris with Notre Dame de Paris; what a mess but there is hope for a complete reconstruction / restoration. Nearly one billion dollars were collected” in less than 24 hours.

That’s all for tonight; remain on guard for actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean.

 

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