Home MarketsChartering The BDI@ 1,656: still tough times ahead…

John Faraclas

The BDI@ 1,656: still tough times ahead…

The BDI (Baltic Dry Index) lost 19 points amid perplexed Geopolitics with uncertainty being the name of the game. John Faraclas’ brief recap:

The Capes “bounced” back with 29 points plus and the BCI now stands at 2,975 – trying to go over and above the magic 3,000 points!

All other indices still under the “Reds…”

The Panamaxes BPI was down 41 points  at 1,436…

The Supras’ BSI lost the 1,000 point threshold and now stands at 974 – minus 31 points!!!

Minus seven points for the Handies’ BHSI now reading 564 points…


The Wets too falling…. The last published BDTI (Dirties) and BCTI (Cleans) stood at 967 – lost its 1,000 points base with this 44 points “wipe-off” and 639 – minus 35 points respectively!!!

The WTI was up 69 cents at US$ 57.23…

The Geopolitical issues continued to be more than perplexed in both sides of the Atlantic:

In our humble view we have entered World War III; its just a matter of an “official” announcement from those who really call the shots…

The pre-election campaign for the 12 Dec 2019 election in the United Kingdom gets under way tomorrow!!! Watch c this space!

In Shipping and in particular the Environmental issues:  not much is really ready for the 2020 “saga”. Some support the scrubbers but the reality is very different!

On another note and tone:

The World Travel Market 2019 at London’s ExCel excelled yet again for a second day running!!

The panel; Pic by MND

The much awaited debate at LSE’s Hellenic Observatory earlier on tonight on “The last Bluff: “How Greece came face-to-face with financial catastrophe and the secret plan for its euro exit” triggered the interest of many attendees. Two speakers/presenters: Victoria Dendrinou, a reporter from Bloomberg in Brussels, Eleni Varvitsioti, a Brussels correspondent for Greece’s daily Kathimerini and SKAI TV with Hugo Dixon – discussant (journalist, entrepreneur and campaigner) and Prof. Kevin Feartherstone running the show will be the talk of the week…

More on this event soon…


Phillip d’ Costa and Monica Kohli speaking to guests; pic by AZLF

A great Diwali night at Bangalore Express City restaurant in the heart of London’s Square Mile was more than a success. Organised by IMA UK (Indian Maritime Association) in collaboration with WISTA UK went on until midnight… Who wasn’t there!!!!

Congrats to all and BRAVO to Monica Kohli from Gard UK & WISTA UK and Phillip d’ Costa from IMA UK for getting us together in this midweek annual event despite the many other events in town AND the terrible commuting services…!!! Great night there on all counts:  The food was par excellence – wines fantastic and above all fun and networking breaking records. More news on this exceptional jovial night soon.

In Athens, WISTA Hellas had its annual event to which we will revert.

Tomorrow is the last day of the WTM 2019 and also the beginning of the 35th Anniversary of the Costas Grammenos Centre for Shipping, Trade and Finance combined with the 9th City of London Biennial Meeting, 6-8th November at the  IMO HQs. We eagerly await the speeches, debates and party! It will be a great get together for many Alumnis from all over Planet Ocean!

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.

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