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John Faraclas

Markets dramatic fall

The BDI (Baltic Dry Index) lost 19 points earlier on today and now stands at 557 which is also 197 points down since last week’s 754 points. The Geopolitical perplexed mess continues with the Year of the Rat ante portas. All in all, as we have said last year, 2020 will be the Year of Reckoning – see our observation dated 7th of Nov 2019… John Faraclas’ daily and weekly recap:

We decided, as in the past, to present you with weekly recaps unless we see catastrophic situations.

The BDI was falling all through the week; 729 (20/01), 689 (21/01 – losing also its 700 points threshold), 623 (22/01), and 576 (23/01 – losing the 600 point threshold)…

The main reason is said to be the IMO2020, the coming Chinese New Year “inactivity” and the perplexed geopolitics…

The Capes’ fall was more than “spectacular” with the BCI down to 165 points – minus 42 for the day and 547 since last Friday the 17th of January  when it stood at 712 points – lost both the 700, 600, 500, 400, 300 and 200 points threshold; what a fall! Ultra CAUTION should be observed…

Somebody told us that “Soon BCI will be negative…”; he has a point…

The Panamaxes’ BPI was down to 691 points – minus 23 since yesterday and minus 179 since last week when it stood at 870 points – lost both its 700 and 600 points threshold…

The Supras’ BSI was down just three points at 543; on a weekly basis though the BSI was down 17 points – from 560 last Friday…

The Handies’ BHSI lost six points and now reads 360; on a weekly basis the loss was 19 points – down from 379 points last week. CAUTION, CAUTION!!!!

The Wets too on a falling mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,190 and 639 – minus 18 and seven points respectively. The weekly loss amounted to 51 points for the Dirties and 71 for the Cleans. Worth noticing the loss of the 1,200 and 700 threshold. Despite these losses, the Wets stand far better from the Dries…

The WTI fell down to US$ 54.19 which is US$ 4.39 lower than that as of the 17th of January  2020 when same stood at US$ 58.58. Good news but this is mainly due to Coronavirus; can the Chinese curb this as otherwise looks likely it might bring Planet Ocean in a very dangerous situation… Curbing travel as well as the demand for oil will be a very serious blow to an otherwise heavily indebted global economy.

The Geopolitics continue to get worse…

MIGRANTS remain the number one issue and expect messy outcomes…

The faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa continues with tsunamis especially in the Balkans, the Aegean, East and Central Med particularly with the despicable behaviour of Turkey. Libya might slide to total anarchy and the Berlin “summit” failed.- Speaking about tsunamis, these terrible natural disasters, today we were faced with a devastating earthquake in Eastern Turkey and seems we might have to count many victims. What a pity…

Davos was yet another failure as it didn’t have any success or favourable developments to the many chronic problems of humanity…

The embattled USA president will do whatever it takes to be acquitted; wonder what the Democrats’ hidden aces…are  With an election year in the USA coming up, everything is possibly favourable for Donald Trump… Watch this space!

BREXIT still to come and wonder the final end result… Another issue to watch for all its intents and purposes.

Still nothing positive to end the mess with Iran or South Korea or in Hong Kong.

Central and South America are in financial chaos… CAUTION.

Africa still under the corruption “veil” and proxy commercial wars…

Wonder the damage with the bush fires in Australia – where the environmental disaster will end and the time needed to return back to the previous life…

Time to go fast ahead with newbuildings and get rid of whatever contains fuel… Hypocrisy must end here and now!!!!

Piracy and Terrorism are “upcoming” and CAUTION should be taken…

The Marine Money 2020 summit was the best ever!!!!

That’s all for tonight, have a nice evening as well as weekend and remain on guard  from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean!!

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