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Home MarketsChartering Dry Market midweek blues, Wets thrive and the Coronavirus anathema “remains” an enigma…

Dry Market midweek blues, Wets thrive and the Coronavirus anathema “remains” an enigma…

by admin

John Faraclas

Dry Market midweek blues, Wets thrive and the Coronavirus anathema “remains” an enigma…

The BDI (Baltic Dry Index) following a “surge” due to the volatile Capes was down two points since yesterday and now reads 624… The VLCC’s and ULCC’s witnessed another unprecedented rise thanks to the melee between the Saudis and Russia with US president Trump about to intervene… Geopolitics are more crucial to all than ever before thanks to the Coronavirus mess. John Faraclas’ midweek recap:

The Capes’ BCI gained 15 points and now the BCI sands a 219… We witnessed a plus 28  points last Monday  closing the minus level to minus 69 points; then come yesterday’s surge of 273 points wiping out the minus level/situ to a plus 204 points- what a surge, but…  CAUTION as the Capes’ volatility remains…

The Panamaxes were up 26 points with the BPI at 783 points; 732 plus three on 30/3 and 757 – up 25 on the 31st of March…

The Supras and the Handies were down; the Supras at 535 –minus 33 and the Handies at  364 – minus 11. The Supras stood at 606  – minus 35 on 30/3 and 568 – minus 38 0n 31/3; the Handies stood at 379 (minus 12) on Monday the 30 March losing the 400 points threshold, and 375 – down 14 yesterday 31/3…

So all in all a volatile downward Dry Market with everything possible; CAUTION!! When the BDI goes over and above the 2.247 points, the level at the end of 2013, then we can talk on the Dry Market’s euphoria…

The Wets thrive; the last published BDTI (Dirties) and BCTI (Cleans) stood a 1,406 points – up 12 and 881  – up 15 respectively. Good to see the BDTI over and above the 1,400 points. As you read these lines the freight rates go up to US$ 200,000 per diem!! Euphoria, but watch out the price and production war with the Saudis and Russia. Can president Trump do the trick?

The WTI stood at US$ 20.31 – on the 30th of March same was down to US$ 20.09 – a whisker from going under the US$ 20.00 mark!!!! Yesterday was slightly higher a US$ 20.48… CAUTION as we might  see  the mess all over…

The Geopolitical situation gets worse despite the Coronavirus anathema which should have united all of us all over Planet Ocean!!!

The Migrants issue continue to send shocking waves particularly as we have mentioned in the past – recently too, with Turkey’s Erdogan creating a despicable situation as well as a warring environment against the integrity of Greece and EU!!!! It’s about time the EU acts swiftly or if not it seems they encourage Erdogan!!!  And when the shit hits the fan, the Brussels German led EU will not have a leg to stand. CAUTION. MIGRANTS at the camps, open or close are a nuclear so to speak virus and now a Coronavirus ticking bomb!!!!

On the Coronavirus (COVID-19) situation we have to primarily see and ask specialists how this virus behaves; will same remain in the summer months? Will same recedes after the summer months? In my humble view societies should had to firstly “isolate” the old – above 70 years old people as well as those vulnerable with other illnesses. We need to see proper protection of all vulnerable group/categories of people!!!! The rest of the people “could be mildly infected” and create antibodies, correct? We should ensure we do not face an antisocial behaviour as social issues and physiological ones might surface… What should we do in May until September 2020? Should we relax the measures? What about China’s  plants and animal life? Add wild life too… And what about Coronavirus’ mutations?

We hope we can have your views on the above and primarily from WHO!! WHO MUST, repeat MUST come up soon with medicine and therafter wih the vacine!!!

For those having access to saunas, they are lucky and privileged !!!!!! A Sauna session for 15 minues at 55-56 C helps you against the virus!!!

The figures we know and being given from Governments through the media in our view represent only ten centum of the reality. Some Nations, as we understand, do not reveal the real numbers of cases…

Mind the economic, the financial situation as the Global debt is being increased to uncontrollable levels!! If same stood a month ago at US$ 257 trillion, same will end up on the 31st of December 2020 at US$ 270 trillions, you bet?

We praise all the medical staff all over Planet Ocean as well as all Seafarers for keeping the supply chain on the move, a supply chain of high volumes moving and delivering cargoes!!! We also praise organisations, associations, unions, charities and individuals for their support towards aleviating this unprecedented situation and developing global crisis by their offerings in kind and money, amongst them the UGS – Union of Greek Shipowners and its Syn-Enosis affiliate; its contribution to Greece and its people, as always in times of crisis and beyond, is second to none!

More news to come; until then have a nice evening and continue to remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean. Be disciplined and don’t be a fool, particularly today being Fool’s Day!!!

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