Minor Dry hiccups with the BDI down to 1,066*
The BDI (Baltic Dry Index) lost two points since yesterday and now reads 1,066… Geopolitics continue to be messy and soon detrimental for all. WISTA Hellas makes s splash with its successful WISTA Med biennial event at Costa Navarino – south west Peloponnese, Greece. John Faraclas’ brief recap:
The BDI although fell two points on a weekly basis was up 26 (up from 1,040 from the 117/5),so not too much to worry about, but be cautious!
The Capes’ BCI lost 13 points and now reads 1,545; same was though 82 points up since last week’s 1,463 points…
The Panamaxes saved the day with the BPI up 17 points – now standing at 1,304. The BPI was up 48 points since last Friday’s the 1/5 when it stood at 1,255.
Down one point for the Supras’ BSI now at 778 and minus two points since last week’s 780…
The Handies’ BHSI did better by clinching two points and now reading 393. On a weekly basis the eight plus points was a nice finale – from 385… Let’s hope we see the 400 points again.
The Wets with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 666 – minus six (fours 6’s eh, devils best…) and 524 – plus two respectively. On a weekly basis the Dirties lost 17 (from 683) and the Cleans gained 17 points – from 507 respectively!
The WTI was up 82 cents at US$58.63; on a weekly basis same was down US$ 4.13!!
Geopolitics as said in the preamble more than mess and ultra caution should be observed.
Mrs. Theresa May’s announcement for stepping down will open the Pandora’s Box as well as the Aeolus’ winds… BREXIT as we initially envisaged will turn the World Upside down…
Europe in total mess and let’s see the results from the European elections..
Another despicable terrorist attack in France parcel bomb attack in Lyon with 13 injured… Despicable!
On another tone and note the WISTA Hellas’ WISTA MED event was excellent on all counts. As upper themed four session Conference with “Challenges and Opportunities in the Med; Roots Program: Preparing SMEs to access capital markets; IMO Wold Maritime Day theme for 2019: Empowering Women in the Maritime Community and Challenges and new opportunities ahead for the Mediterranean ports produced excellent panel discussions and unique Q&A from the delegates. Add also the excellent and comprehensive video clip for the m/v Afros and see why it’s worth investing in sustainability!
The evening Gala Dinner at the Orion was extended until the early hours (Greek time)… Will revert with a detailed write up! Congrats to all involved and especially to FYE and F2F!
Have a nice evening and weekend but continue to remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean.
*Try to get the significance of this number today with British Politics and History!
