John Faraclas
Markets in trouble …err tumble?
The BDI (Baltic Dry Index) lost 20 points and now stands at 1,105; global picture: blurry… John Faraclas’ brief market recap:
The Capes’ BCI lost its 1,800 point threshold and now stands at 1,798 – minus 50!
The Panamaxes’ BPI fell 21 and now stands at 1,166…
The Supras’ BSI was down three at 714 points…
“Fighting” back the Handies’ BHSI clinched three points… hooray hooray!
Mixed feelings for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 645 plus two and 517 – minus four points respectively… A good time to buy tankers, eh!!
The WTI remained almost the same at US$ 53.27 … up a bit from last night’s US$ 53.26…
Geopolitics, as we have long warn you, might produce despicable situations. Too many fronts, too many interests and too many strategic interests on a local and international basis. Wonder how many in our industry are ready for what is yet to come. Mind the straits, mind all 13 (thirteen) dire straits for a multiple and different reasons. Given the wrong policies and unjust Peace – that includes Business Peace, expect asymmetrical developments and consequences in all fronts. Add Planet Ocean’s debt of US$ 250 trillion, add the trade wars, add the outcome in the aftermath of local wars and see the ugly face of the coming Armageddon! Ah! Add the regulatory anathema in the entire shipping industry with the environmental excuse…
Have a nice evening and remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligan whatsoever wherever you are on Planet Ocean!
