Lloyd's Register
The American Club
Panama Consulate
London Shipping Law Center
Home MarketsChartering BDI@2,244; mini dry euphoria continues… Wets ups and downs… Expect developments in Ukraine… Covid remains the same

BDI@2,244; mini dry euphoria continues… Wets ups and downs… Expect developments in Ukraine… Covid remains the same

by admin

BDI@2,244; mini dry euphoria continues… Wets ups and downs… Expect developments in Ukraine… Covid remains the same

John Faraclas

The BDI (Baltic Dry Index)  gained 94 points since yesterday surpassing the 2,200 points threshold and now reads 2,244. Wonder what’s happening with the ups and downs in the Wets. War is inevitable in Ukraine. Add Covid’s uncertainty and see what you get. John Faraclas’ brief recap:

The Capes’ BCI was up 177 points surpassing the 2,200 point threshold and now stands at 2,292…

Panamaxes triple digit rise of 103 points brings the BPI at 2,699, over and above the 2,600 point threshold…

Supras with a modest 29 points plus brings the BSI to 2,388…

Still an upcoming Handies BHSI now at 1,354 – up 21..

Simply: pinch me, despite the coming dangers in Ukraine… time will tell how the Dry Market’s further projections will evolve…

Ups and down with the unstable Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 725 – plus ten and 690 – minus 14 points respectively… CAUTION.

The WTI was up 19 cents and now reads 92.10… Wait and see though what happens in a few hours…

Geopolitically and as stressed yesterday, the War is on and simply await to read same in confirmations from the two combatants, Russia and Ukraine… Diplomacy failing once again and we return to the old saying:  War, father of all; if you don’t destroy you cannot rebuilt – though in this case issues are completely different… Pity, but life goes on, even cynically…

Wonder how Russia will counter to the sanctions by the West although China will support Putin. Shall we cut all ties with China, given that the West supported an d continues to spport until this very moment its economy  – to the detriment of the Western economies… Europe and especially the EU MUST act… here and now… NATO too. Time to wake up!!

We will keep you posted of any developments; stay tuned…

Covid seems to gain more ground with conflicting actions and developments in many countries. Stay safe; remain disciplined (this is for the public) and responsible (this applies for the ignorant politicians.

Have a nice evening and continue to remain on guard from actions emanating from Pirates, Terrorists, Criminals and any Business Hooligans whatsoever wherever you are on Planet Ocean.  Once again a big THANK YOU to all who really care for all humans – Doctors, Nurses, Seafarers, Dockers, Port Authorities et al during this Coronavirus disaster!! We repeat: Do please invest in Hospitals including Equipment, Doctors, Nurses and any useful means to avoid further disasters! Become more disciplined and care for the Environment too. Lastly: Education and Training for all to be able to tackle these disasters. Let us work collectively together and NOT opt for a fistful of Dollars to restart the already collapsed global economy… which is in red over US$ 350 (three hundredandfifty) trillion…

You may also like

Leave a Comment