John Faraclas
Dry Markets dry out; Tankers come tumbling down…
The BDI (Baltic Dry Index) fell below the 600-point threshold and now reads 598 – minus 19 points since last Friday. Geopolitics promise to keep us more than excited amid the Coronavirus mess. John Faraclas’ brief daily recap:
The Capes’ BCI lost 77 points and now stands at 743, losing also the 800 points threshold…
The Panamaxes’ BPI was down two at 702 points and if this continues will lose the 700 base line, and then things might get more than sour.
The Supras’ BSI “saved” the day with three plus points and now stand at 416…
Five points down for the Handies’ BHSI now at 234 – ultra caution…
All in all a falling Dry Market and wonder what is next…
The Wets in disarray; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,015 and 1,519 – minus 90 and 169 points respectively; a short lived dream… in exciting times…
The WTI up at US$ 23.00 flat… What a dirty game eh! Meantime fuels will remain fuels which are catastrophic for the environment, but who really pays attention and cares about the environment…? It is all a big blah blah… How IMO2020 does works, eh! Let us have the alternative sources of energy to see how big money changes hands…
In Geopolitics, the War is not over – just to paraphrase a bit the Beatles song… Expect social upturns and regional wars… especially within the faulty line from Gib to Afghanistan and from the Caucuses down to the Horn of Africa with Turkey leading the way.
The Coronavirus (COVID-19) anathema continues and we are now about to exceed the 250,000 people who lost their lives all over Planet Ocean. We disagree with the early end in some countries and regions of the lockdown; hope we are wrong… We also hope statements and interviews that were aired in various media of the current conditions in some hospitals are going to receive the appropriate response from the respective governmental sectors… The truth must shine. We have a long way to go. The Shipping industry in its entirety does its best to keep the intermodal chain alive…
An interesting statement come from British PM Boris Johnson who went through the Coronavirus: “The race to find the vaccine is not a competition between countries, but the most urgent shared endeavour of our lifetimes. We’re in this together, and together we will prevail.” Let us hope all world leaders join in in this battle. And let’s see pharmaceutical companies and others act ethically before we see one day despicable situations. Humanity had enough from business hooligans.-
Indeed the economy needs to restart, it’s a MUST, but not to the detriment of the public for the benefit of the greedy ones. You cannot pay back in any case the US$ 257 trillions – that was the debt on Planet Ocean before Coronavirus decided to come out… Now same reads a least US$ 260 trillion…
We are going full ahead for the new norm in its entirety. Let’s forget about the past!!!! Wake up!!! Be disciplined…
That’s all for now, have a nice evening and remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean…
