BDI losses deepen
The BDI (Baltic Dry Index) losses continued following a bad ending in July and a bad start today the 1st of August amid turbulent Geopolitics. At 1,812 points the dry index sends a Mayday. Geopolitics too ae getting worse, possibly at its worse point over the last ten years. John Faraclas’ Daily brief recap.
The BDI was down 56 points at 1,818 thanks to the Capes’ and Panamaxes’ substantial drop!
The BCI fell 123 points losing the 3,600 threshold and now stands at 3,534 – very strange situ given this year’s “behaviour” of the Capes…
The Panamaxes’ BPI was down 73 points at 1,818; again: CAUTION
The Supras down eight with the BSI reading 974…
The Handies’ BHSI was up one point at 517!
Mixed feeling s again for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 620 – minus one and 464 – plus eight points respectively…
The WTI lost US$ 4,65 and now stands at US$ 53.95 – from US$ 58.58 !!!
Reverting tomorrow with Geopolitics; until then remain on guard from actions emanating by Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean!