John Faraclas
The BDI (Baltic Dry Index) was up 36 points earlier on today and 29 since last week’s closing of 1,372 points – despite earlier mild hiccups (11 and 12 of Dec). Thanks to the volatile and predictably unpredictable Capes, it managed to stay afloat and “offer” a possible Christmas gift to all of shipping’s stakeholders. Geopolitical turmoil: too much perplexed. John Faraclas’ daily and weekly recaps:
The Capes’ BCI enjoyed a triple digit rise ending the day at 2,383 – a 203 plus...