John Faraclas
The BDI (Baltic Dry Index) fall was very much contained, thanks once again to the volatile Capes. The New Year as we believe might begin when the Fa East and mainly Japan begin to kick-off. Geopolitics as ever messy. John Faraclas daily and weekly recaps:
The BDI was down seven points at 1,260 and 11 points since the end of 2018 being Christmas Eve when it hit 1,271.
The Capes’ BCI was up 40 points …surpassing the 2,000 points threshold and now reads 2,003. It was also up 98 points...