Uncertainty Rules the Markets, Geopolitics AND Coronavirus

John Faraclas by GTP

Uncertainty Rules the Markets, Geopolitics AND Coronavirus

The BDI (Baltic Dry Index) clinched 11 points earlier on today and now stands at 607, regaining the 600 point threshold; Geopolitics might develop total mess all over Planet Ocean and Coronavirus, this unprecedented anathema, will demolish too many successes of mankind. John Faraclas’ brief midweek recap:

The BDI began the week with a dozen points lost since last Friday the 3^rd of April and at 604 begins to send sour messages; on Tuesday – that’s yesterday, it lost the 600 points threshold by losing eight points (596) but today’s rebound was more than Manna from Heaven…

The Capes was the “driving” force with the BCI at 425 – up 69 bringing the BCI over and above the 400 point threshold – 356 plus 18 on 7/4 and 338 plus 19 on 6/4… A big relief for all even if same lasts for a few days…

The Panamaxes were up five points with the BPI reading 805 – 800 flat on 7/3 (minus one) and 801 – plus four on 6/4… Strange but true to see same surviving… Our favourable size survives…

Supras and Handies falling for three consecutive days. The BSI stood today at 454 – down 18, 472 – minus 13 on 7/4 and 485 – minus ten on 6/4… CAUTION!!!

The BHSI was down to 315 – minus nine points; yesterday was down 11 at 324 and on Monday the 6th of April same stood at 335 points – that’s five points down.

The Wets continued to fall; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,071 points – minus 51… The previous two days 7/4 and 6/4 the BDTI loss was expressed with a three digit loss – 118 on 7/4 and 143 on 6/4 when same stood at 1,122 and 1,240 points respectively… CAUTION!!!

The WTI stood at US$25.09. On 7/4  and 6/4 same stood at US$ 23.63 and US$ 26.08 respectively… Need to see somehow a stability as the price war and quotas looks to us dangerous…

As we have said numerous times, we live in a Recession with whatever this entails. We also live and go through in another crisis which has nothing to do with that of 2008 – 12 years ago the issues were very different from those we witness today when peoples “subjected” deaths is more dangerous from the collapse of the 2008 death of the freight markets which lead to the then 662 points BDI!!!! A short-lived “good” period and thereafter the 210 points on the 10h of Feb 2016… As for the Wet Markets, the mess and few ups remain monumental. The barrel in autumn 2008 stood a US$ 147 and now nearly bottomed out at US$ 20.09! Add the US$ 257 trillion Global Debt and see what you get…

The Geopolitical situ continues to deteriorate and the failure of today’s Euro-group might lead to unhappy situations. Let us hope an agreement is reached in the next couple of days… Imagine the EU being to a point of no return due to some nations’ stubbornness which might lead to an unpleasant situation – a possible break-up cannot be ruled out following the UK’s “example”… Amid the Coronavirus’ mess, Turkey’s Erdogan – with the blessings of his backers in the EU, plus others, violates more than ever Greece’s, Cyprus’ and conversely the EU’s airspace and territorial waters… CAUTION as history repeats itself. MIGRANTS remains the top issue and with COVID-19, even more… All major World News have “disappeared” from news bulletins and some make gains despite what is going on…

Coronavirus MUST  be resolved and we need to see all World leaders adopt a coherent policy lead by the medical world before millions die… Whether Coronavirus is a scam, a conspiracy or a real virus one thing is for sure: Somebody or something “touched” the forbidden and tries to distort life… SHAME!! This virus is very transmittable… Did I hear you say electron, radar… etc etc… There isn’t smoke without fire! All eyes are at Boris Johnson, the UK’s PM now at St. Thomas Hospital and this tells us a lot… For once, try to get the message!! Why we haven’t seen Risk Assessment plans in place? Eh!!!!!

If there is fear, even panic on the figures today standing at about 1,5 million cases and nearly 90,000 deaths, imagine if we have the real figures following a complete scanning of all 7.8 billion people on Planet Ocean- the effect will be shuttering!!!!

The economic and financial mess all over Planet Ocean will surpass all three major catastrophes of the last 100 years put together. The shipping industry will be severely damaged… The Multimodal Transport / Trade will be in tatters. The Financial Armageddon will bring down the USA’s GDP to 20 (twenty) centum in the next quarters and end up in an “about” zero growth…  Imagine the rest of the World… Did I hear you say Tourism?  Over a trillion USDollars will be lost this season with incalculable repercussions for all; not to mention Maritime Tourism… Let’s see what the Full Moon brings in today, as well as the beginning of the Passover and the Holy Easter weeks.

Good to read the unsolicited support, contribution of any kind and offerings of all and in particular amongs other groups, associations, foundations and unions, that of the Greek shipping expressed in million of dollars.

Have a nice evening but continue to remain on guard from actions emanating from Pirates, Terrorists, Criminals and any Business Hooligans whatsoever wherever you are on Planet Ocean. Above all be disciplined and adapt to the new reality!!!!!  We are living in interesting times…

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Uploaded 23:45 08 April 2020

Updated   23:55  08 April 2020