The BDI (Baltic Dry Index) lost 39 points since yesterday and now reads 1,189; on a weekly basis, same was down 266 points from 1,355 on 11 Nov 2022. Wets surpass all expectations. No end in sight for Peace in Ukraine. Expect despicable mess all over Planet Ocean. Geopolitics for strong nerves. John Faraclas’ brief daily and weekly recaps:
The Capes’ BCI, the driving force for ups and downs, lost 66 points since yesterday and now stands at 1,122; on a weekly basis same was down 422 points – down from 1,544 losing the 1,200 to 1,500 threshold… China being the main reason for this fall…
The Panamaxes’ BPI, our favourite size, was down 56 points since yesterday, and now reads 1,594… Controlled losses from last week’s 1,637, down 43… Loss of the 1,600 points threshold a bit itchy…
Five points down since yesterday for the Supras’ BSI now at 1,170; and minus 43 points since last week’s 1,213…
Same levels for the Handies’ BHSI now at 763, but 24 points down since last week’s 787 points…
So, all in all another bad week for the Dry market and wonder what’s next… CAUTION!
On the antipode, the Wets are doing well; the last published BDTI (Dirties) and BCTI (Cleans) stood at 2,365 – plus 168 and 1,461 – plus 69 points since yesterday respectively. On a weekly basis, the BDTI was up 471 points since last week’s 1,894 surpassing the 1,900 to 2,300 points threshold. The BCTI was also up 121 points since last week’s 1,340 surpassing the 1,400 points threshold.
Despite the energy crisis due to ongoing warring developments in Ukraine, the Wets are doing well… War Father of All….
The WTI was down US$ 1.29 since yesterday and now reads US$ 80.11; same was down US$ 8.85 since last week’s US$88.96. Once again we insist the price to go under the US$50.00 mark otherwise we will be faced with more troubles…
The FTSE100 was up 67.48 points since yesterday and now reads 7,385.52; same was up 67.48 from last week’s 7,318.04… Good to see the FTSE maintaining the 7,000 plus points…
The Dow Jones was up 199.37 points since yesterday and now stands at 33,745.69; on a weekly basis though, same was down 2.17 since last week’s 33,747.86 (11/11/2022). Wonder what’s next… We might have issues deriving from recession and inflation…
The Nikkei was down 30.80 points since yesterday and now reads 27,899.77. On a weekly basis same was down 363.80 points since last week’s 28,263.57…
The Euro / Dollar parity wasn’t bad and same stood at 1,0343; on a weekly basis same was down 0.0006… Expect a long story to enfold given the Ukrainian saga… and turbulations in Europe…
Have a nice evening and weekend but continue to remain on guard from actions emanating from Pirates, Terrorists, Criminals and any Business Hooligans whatsoever wherever you are on Planet Ocean. Once again a big THANK YOU to all who really care for all humans – Doctors, Nurses, Seafarers, Dockers, Port Authorities et al during this Coronavirus disaster!! We repeat: Do please invest in Hospitals including Equipment, Doctors, Nurses and any useful means to avoid further disasters! Become more disciplined and care for the Environment too. As for the mess in Ukraine, we repeat: you have not seen anything yet as well as its spread…
Lastly: Education and Training for all to be able to tackle these disasters. Let us work collectively together and NOT opt for a fistful of Dollars to restart the already collapsed global economy… which is now has surpassed the US$ 400 (four hundred) trillion debt.
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Uploaded 21:37 GMT 18 November 2022
Updated 22:55 GMT 18 November 2022
