John Faraclas
Market hiccups with the BDI down @2,499; perplexed geopolitics turning Planet Ocean upside down
The BDI (Baltic Dry Index) lost earlier on today 19 points and now stands at 2,499 a whisker below the 2,500 point threshold. The Geopolitical situation is more than critical and the MIGRANTS time-bomb is about to be detonated. John Faraclas daily recap:
The Capes’ BCI lost seven points and now stands at 5,036…
The Panamaxes continued to fall with the BPI at 2,234 – down 16 points
Minor losses but losses for the Supras BSI now at 1,348 – minus three…
The Handies’ BHSI was the exemption from the entire dry indices clinching six points and now reading 688!
Once again mixed feelings for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 676 – plus nine and 464 – minus three points respectively…
The WTI as these lines are being written stands at US$ 56.21, very close to last night’s closing at US$ 56.26!
The Geopolitical situation got worse since last night; the MIGRANTS issue is turning sour for all; Turkey threatens that unless the MIGRANTS move to a safe zone in northern Syria, the frontiers will open and “Europe will take them”;… what a blackmail! Brexit continuous with more twists and turns…
More news before midnight; until then remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean…
