John Faraclas
Capes dive again with Panamaxes “trying” to keep the “balance”…
The BDI (Baltic Dry Index) lost four points since yesterday and now stands at 502 and, possibly tomorrow, might go under the 500 points threshold. Geopolitics and Coronavirus coupled with the deepening Recession will soon create major tsunamis. John Faraclas’ brief midweek recap:
The Capes lost 39 points with the BCI at 108 and looks certain that the fall will continue, “supported” by China’s policy…
The Panamaxes did...