John Faraclas
Shipping Markets on a Skyfall mode join the collapsing economy
The BDI (Baltic Dry Index) lost 23 points and now stands at 575; Geopolitics in jeopardy despite conspicuous silence from the media “due” to the Coronavirus (COVID-19) mess. John Faraclas brief daily recap:
The Capes and Panamaxes lost the 700 points threshold and now the BCI and BPI read 669- minus 74 and 692 – minus ten points respectively. C A U T I O N!!
An ace plus for the Supras’ BSI now a 417 points
An ace minus for the Handies’ BHSI now a 233 points.
The Wets follow suit with triple digit losses; the last published BDTI (Dirties) and BCTI (Cleans) stood at 905 minus 110 points and loss of the psyichological 1,000 points threshold and 1,339 – minus 179 points respectively… Brace for tomorrow as Tankers dropping like a stone…
The WTI ended at US$24.56 which is a good plus of US$ 3.97… CAUTION…
The Geopolitical news, as said in the preamble, are “hidden” and it is left upon the individual to search…
The main issues remain in the faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa… Turkey still on an aggressive mood pestering everybody in an 2,000 miles region around is current frontiers… Don’t be surprised is Turkey opens two more fronts…
The European Union still in a mess with BREXIT about to create more issues.
The Recession begins to bite in all fronts… The Global debt has surpassed the US$ 260 trillion… an amount which dangerously rises with unepmployement skyrocking!!
Coronavirus is here to stay… unfortunately… Some governments are relaxing the lockdown which we believe is a grave mistake; time will tell….
What is a newsroom… and what same produces these days..? Galley news, unfounded rumours circulated about a vessel… err about Coronavirus and the day after… CAUTION!!!!
May Posidon be with all Medical people of any rank / speciality as these people fight for the most valuable thing: Human Life!!! Our Lives and put themselves in danger!!!
May also all crew members, dockers, port personnel / auhorities and coast guard personnel be praised too by all as they keep the world alive!!!!
Have a nice evening and continue to remain on guard from actions emanating from Pirates, Terrorists, Criminals and any Business Hooligans whatsoever wherever you are on Planet Ocean!!!
