The BDI@2,267 …“makes” waves
The BDI (Baltic Dry Index) after five years and eight months surpassed the 2,247 points it clocked back at the end of December 2013. Geopolitics still getting worse… John Faraclas’ brief daily report:
The BDI gained 54 points and now owners should feel safe and brokers as well as analysts become more serious and correct vis-à-vis their projections that the Dry market was going to be up since 2017… One can search all the last five years reports and see what we mean. One “good thing” has happened but we still observe CAUTION due to the Trade Wars and Planet Ocean’s Resession – needless to say that the debt, the global debt remains just above the US$ 250 (twohundredandfifty) trillion!
The Capes’ BCI was up 131 points and now stands at 4,213..
The Panamaxes’ BPI was modestly up 17 points at 2,235… strange given that proportionally all other sizes perform better… We shall see..
The Supras’ BSI was up 24 points and now stands at 1,310 points…
The Handies’ BHSI gained 11 points and now stands a 643 points!
The Wets remained stable with minor mixed changes; the last published BDTI (Dirties) and BCTI (Cleans) stood at 664 – plus one and 469 – minus two respectively.
The WTI was up 85 cents and now reads US$ 55.78.
The Geopolitical situation worsens; CAUTION. MIGRANTS, BREXIT and Trade Wars shake Planet Ocean!!!
More on Geopolitics later on; until then 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.