John Faraclas
What a day then given that the BDI (The Baltic Dry Index) surpassed the 1,000 point mark? Geopolitics though continue to me messy and expect the unexpected. John Faraclas daily briefing:
The BDI gained 54 points and now reads 1,033 points thanks to the volatile Capers seeing its BCI 2016 up 211 points and at 1,556 begin to breathe…
The Panamaxes too on the up but with a double-digit figure; the BPI at 1,194 – up 40…
Supras’ BSI with a plus nine points at 861 continue to be buoyant…
Handies’ BHSI also gained nine points and now read 477.
Let’s be optimistic but pragmatic too…
The Wets with mixed results; the last BDTI (Dirties) and BCTI (Cleans) stood at 838 – minus three and 617 – plus six respectively…
The price of WTI close to US$ 53 but with a downwards behaviour must be watched. We need to see same at below US$ 50 to avoid the mess…
As for the Geopolitics and following our today’s presentation at the Propeller Club in London, the following link tells it all:
Geopolitics and the shipping markets: stark warnings from John Faraclas at Propeller Club event
Have a nice evening and be on guard for every eventuality…
