John Faraclas
The BDI (Baltic Dry Index) lost 33 points earlier on today and now stands at 1,395; Geopolitics still messy and IBIA’s Annual Convention makes waves. John Faraclas’ daily briefing:
The volatile Capes’ BCI three-digit loss of 101 points bringing down this index at 2,296 points was the talk of the town… surpassing even Aegean Marine Petroleum’s filling for Chapter 11 news… As said in the past, one size cannot determine the markets nor create a market but the harsh reality is that the...
http://www.allaboutshipping.co.uk/2018/11/06/capes-sink-the-bdi-at-1395/