Home Ports & TerminalsCanals The BDI@850: expectations raised but reality bites…

The BDI@850: expectations raised but reality bites…

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John Faraclas

The BDI@850: expectations raised but reality bites…

The BDI (Baltic Dry Index) gained 29 points – similar more or less as per yesterday’s closing but still here we are NOT convinced given the bankruptcy all over Planet Ocean and the unprecedented way Geopolitics will turn. John Faraclas brief recap:

The Capes were up 76 points with the BCI now standing at 648 – good to see the 600 points-threshold “conquered”…

The Panamaxes’ BPI rise was very modest – six point and now stands at 1,177…

The Supras’ BSI on a steady upwards mode now reading 773 – up 22 points!

Another point clinched by the Handies with the BHSI now at 392…

All dry indices in this post Western Easter period look good and let’s hope they remain good as the scenery is not good at all – Geopolitics and the Global Economy given the US$ 250 trillion debt… are messy… How can you feel safe that there will be a sustainable dry market with the additional burden of making ships more eco-friendly; the 2020 plus saga… CAUTION!

The Wets on a falling mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 644 – minus nine and 571 – minus five points respectively.

The WTI as these lines are being written (23:00 BST)  stands at US$65.89 – slightly less from yesterday’s  US$ 66.3…

The main issue is oil itself and the “blockade” so to speak of Iran with the dire straits there – that of Hormuz, in danger for a multiple of reasons… Remember my caution on the 7th of Mach 2017 during my speech at the Naval Club for the propeller Club of the USA Port of London event mentioning the issue of Planet Ocean’s dire straits (Suez, Gib, Malacca, Istanbul, Panama, Kiel, Aden…  Add the shale oil and gas in the USA and see what you get…

Will revert on Geopolitics just before midnight; have a nice evening and remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean.

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