Home MarketsChartering Market hiccups with the BDI down @2,499; perplexed geopolitics turning Planet Ocean upside down

Market hiccups with the BDI down @2,499; perplexed geopolitics turning Planet Ocean upside down

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John Faraclas

Market hiccups with the BDI down @2,499; perplexed geopolitics turning Planet Ocean upside down

The BDI (Baltic Dry Index) lost earlier on today 19 points and now stands at 2,499 a whisker below the 2,500 point threshold. The  Geopolitical situation is more than critical and the MIGRANTS time-bomb is about to be detonated. John Faraclas daily recap:

The Capes’ BCI lost seven points and now stands at 5,036…

The Panamaxes continued to fall with the BPI at 2,234 – down 16 points

Minor losses but losses for the Supras BSI now at 1,348 – minus three…

The Handies’ BHSI was the exemption from the entire dry indices clinching six points and now reading 688!

Once again mixed feelings for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 676 – plus nine and 464 – minus three points respectively…

The WTI as these lines are being written stands at US$ 56.21, very close to last night’s closing at US$ 56.26!

The Geopolitical situation got worse since last night; the MIGRANTS issue is turning sour for all; Turkey threatens that unless the MIGRANTS move to a safe zone in northern Syria, the frontiers will open and “Europe will take them”;… what a blackmail!  Brexit continuous with more twists and turns…

More news before midnight; until then remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean…

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