Are Capes about to floor-down the Dry Market…?

John Faraclas

Are Capes about to floor-down the Dry Market…?

The BDI (Baltic Dry Index) lost 74 points earlier on today and now stands at 2,129 points – for a second day below the “famous threshold” as of the end of Dec 2013 when it stood at 2,247 points. Geopolitics in uncharted waters. John Faraclas’ brief daily recap:

The Capes’ BCI fall was back to the wild three-digit days; it clocked 258 points and now reads 4,136 points. Will same go under the 4,000 points threshold? We shall see…

The...

https://www.allaboutshipping.co.uk/2019/09/19/are-capes-about-to-floor-down-the-dry-market/