Home MarketsChartering The “F” word “applies” for the Markets and Geopolitics too…

John Faraclas

The “F” word “applies” for the Markets and Geopolitics too…

The falling markets, an unprecedented for many development – although we have witnessed a BDI down to 290 points in Feb 10 2016 and the falling apart of the European Union with the United Kingdom’s BREXIT  is the talk not just in the Square Mile but all over Planet Ocean. Add the Coronavirus and see what you get. John Faraclas’ brief daily and weekly recap:

The BDI (Baltic Dry Index) fell 11 points since yesterday and now stands at 487 points; it also lost 70 points since last week’s (24/01) 557…

The main loser remains the Capes with the BCI minus 21 points and now standing at minus 20!!!! On a weekly basis the loss is now 185 points – from 165 last week and indeed adding the minus 20 as same stands today… As one wise viewer told us: “Owners paying chrtrs now to reposition their vsls…”! So what’s up for the Capes? A continuous record falling level…

The Panamaxes’ BPI was down 21 points at 574 and on a weekly basis down 117 – from 6911 losing also the 600 point threshold…

Supras and Handies too continued to fall; the BSI was down four points and the BHSI seven – now standing at 524 and 332 points respectively. On a weekly basis the BSI was down 19 – from 543 and the BHSI was down 28 – from 360…

The Wets too continued their respective fall; the last published BDTI (Dirties) and BCTI (Cleans) stood at 882 – minus 52 points losing the 900 points threshold and 615 – down six points. The weekly losses stood at 308 for the Dirties – from 1,190 last Friday 24/01, losing also the 1,100, 1,000 and 900 points threshold!!! The Cleans weekly loss was 24 points – from 639!

So, where do we stand? What the analysts, gurus and all that specialists have to say and recommend, eh???

Add the fact that the IMO2020 doesn’t work and the falling WTI is contradictory and see what you get. Talking about the WTI same ended “up” today down to US$ 51.56; on a weekly basis the loss was US$ 2.66 – from US$54.19 on the 24/01…. What’s next here? Indeed we wish to see same below the US$ 50.00 mark and even further down to alleviate the painful situation of nearly 7.7 (sevenbillionsevenhundredmillion) people whose lives and well being has been crashed due to the oil prices…. Now imagine that the price of oil was US$147 in spring 2008!! Add the colossal Planet Ocean’s debt of US$ 157 (onehundredandfiftyseven) trillion and see where we are heading…

Remind you once again that Shipping becomes an industry for the very very very few and as the maxim says – applying for those very few: “Tough times never last but tough people do”*. END of the Story!!!

The other “F” word is the Falling apart of the European Union given the BREXIT a few minutes ago. Will other European nations follow suit? 

We don’t like to go any further but the European Family of Nation forming the European Union, MUST get its act together before it’s too late… Nasty behaviours too must end – see the Greek case in particular…, that of Cyprus, Portugal, Spain, Italy… AND see the Germans and Germany’s debts!!!! Eh!!  Ah! And Frances’ too!!!! Those responsible are those who mismanage the European Union. They can’t agree to simple issues allowing them to become a pandemic; like the MIGRANTS one, any objection..? The social cohesion of the European Union is breaking… Wake up. This is beyond a real MIGRANTS issue; it’s an attack !!!!

Being a student on the 1st of January 1973 when the United Kingdom entered the EEC was a great day and we did celebrated same at the Ye Old Swiss Cottage; 47 years later the dream remains a dream…

Coronavirus: what contingency plans were in place? The situation my get off hand soon. CAUTION as soon many goods, good of any kind will be missing in the market – shops etc etc. The Shipping industry begins to be greatly affected – not just the cargo ships but the Cruise ships too… C A U T I O N !

As we have said and put it in writing, 2020 will be …err is the Year of Reckoning… Reckoning too for the Rats…

Enjoy the BREXIT celebrations but tomorrow it’s for all another day – like the song!

Never forget also the ongoing waring situation in many spots, particularly in the faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa with another “challenging” Peace Plan… Mind the Turkish provocative behaviour too on all fronts in the region…

No end to the bush fires demolishing Australia; is it so difficult to sort it out? Again, what contigency plans were in place…

Still too many political and financial issues in Central and South America…

Africa continues to suffer and transparency is the name of the game plus to end the proxy wars there especially with the Chinese commercial intrusions….

Have a nice evening as well as weekend and continue to be on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean!!!!

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*One of my favourite books

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