The BDI approaches the 2,000 amid further global uncertainty
The BDI (Baltic Dry Index) gained 86 points earlier on today and now stands at 1,950 points. A bit of an odd situation given the fact that Planet Ocean is already in recession. Geopolitics still getting sour. John Faraclas’ midweek brief recap:
The Capes’ BCI was up 134 points and now reads 3,588… A safe level over and above the 3,500 points!
The Panamaxes’ BPI with 90 points plus is over and above the 2,000 point threshold standing at 2,089!
The Supras’ BSI also went over and above the 1,000 point mark and now stands at 1,022 which is 30 points plus since yesterday!
The Handies’ BHSI gained nine points and now reads 539!
Finally the Wets with mixed feelings – a classic situ for the Wets! The last published BDTI (Dirties) and BCTI (Cleans) stood at 627 – same as yesterday’s closing and 463 – minus 11 points…
The WTI ended at US$ 55.23 – quite a fall since yesterday’s US$ 57.10.
The Geopolitical situation remains critical:
Still the Migrants on top of all issues; it’s pathetic to see in all major cities many Migrants begging in the most inhumane way. Its also inhumane to see the way they are treated until they reach illegally the destination of their choice and the huge amounts they pay to traffickers! It’s pathetic to see how they leave say the Anatolian Coast of Turkey for the Greek Aegean Islands; have you ever wondered why president Erdogan of Turkey allows this to happen? Try to think and let us know. We need your view and rest assured we will respond!
Have a nice evening and until tomorrow remain on guard from actions emanating by Pirates, Terrorist, Criminals and Business Hooligan whatsoever wherever you are on Planet Ocean.