Home MarketsChartering Gains for both Dry and Wet Markets amid global uncertainty

Gains for both Dry and Wet Markets amid global uncertainty

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John Faraclas

Gains for both Dry and Wet Markets amid global uncertainty

The BDI (Baltic Dry Index) with the 2,213 points gained this morning (45 plus since last Friday the 23/8) is only 34 points away from equalising the end of Dec 2013 level of 2,247 points… The Geopolitics still a liability for all. John Faraclas’ brief daily recap:

The Capes’ BCI surpassed the 4,000 points threshold with the 91 points plus gained earlier on today and at 4,082 feel safer than last weeks levels…

The Panamaxes’ BPI was up 22 points at 2,218 points…

The Supras’ BSI was up 37 points and now reads 1,286!

13 for luck for the Handies’ BHSI now at 632!

The Wets on the plus; the last published BDTI (Dirties) and BCTI (Cleans) stood at 663 – plus one and 471 – plus two points respectively.

The WTI was up 86 cents since last Friday the 23/8 and now stands at US$ 54.93… Still we need to see the WTI under the US$ 49.99 mark!

The Geopolitical situation remains totally uncertain and nothing was really done at the G7 Group meeting in France…

The USA’s Trade War with China, Iran’s future to become a great nation again, EU, Boris Johnson, BREXIT, Russia’s return to the G7 …err G8 were president Trump’s main points summing up the G7 meeting… Time will tell.

Still the MIGRANTS remain the most crucial issue and today we witness MIGRANTS at the entrance of Marmaro – Kardamyla, north East Chios whilst going to a church service for St. Fanourios Day event nearby. Shame!

I guess it’s about time to act on the MIGRANTS issue before its too late.

Reverting before midnight with more news and other events; until then remain on guard from actions emanating from Pirates, Terrorists, criminals and Business Hooligans wherever you are on Planet Ocean.

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