John Faraclas
Shipping Markets remain ultra-low, Geopolitics “ruled” by Coronavirus amid an unprecedented Recession
The BDI (Baltic Dry Index) was up 14 points from yesterday’s 393 and now stands just above the 400-point threshold at 407; on a weekly basis though it was down 435 points from the 7th of May’s closing at 461! The Geopolitical mess continues. Coronavirus (COVID-19) is here to stay. John Faraclas’ brief daily and weekly recap:
Pinch me; the Capes did it yet again! Baltic’s most volatile and odd index was up lifting business spirits following yesterday’s collapse below zero a minus 48… Today the …catch was good, 74 points and the BCI back in green at 26 points… Hooraaaaaaaaaaaay ! The weekly though end result was 435 points down as on the 7th of May the BCI stood at 461 points – what a disaster eh!
The Panamaxes’ BPI was down 11 points at 603 – don’t like this as we might see same below the 600 points… Cross your fingers… On a weekly basis the BPI was down 64 points – from 667 last week (7 May).
What a continuous rise is that with the Supras; minimal rise, but a rise… The BSI was up four points today at 450 and on a weekly basis the gains were 28 points – from 423!
Stagnation more or less for the Handies’ BHSI. Nothing changed today… On a weekly basis though two points plus from last week’s 228 points, “makes” the difference!
All in all we are 1,840 points below from the BDI’s level as of the end of December 2013 when same stood at 2,247 – the harsh r e a l i t y!!!!
Wets in jeopardy too… The last published BDTI (Dirties) and BCTI (Cleans) stood at 852 – minus 11 and 704 – minus 45 respectively. On a weekly basis the Dirties lost 11 points – from 863 and the Cleans 459 !!! respectively… CAUTION!!!
The WTI was up at US$ 29.64 – that’s US$ 6.09 plus since the 7th of May when the WTI stood at US$ 23.55!
The Geopolitical front remains blur and now with the Coronavirus anathema many issues come to the fore:
Above all human business issues such as unemployment which, towards the end of January stood at 188 (onehundredandeighyeigh) million people and with a projection to rise 2,5 centum this year (2020), now has surpassed the 225 million mark… More armies of unemployed people all over Planet Ocean are heading to the Job Centres…
We believe, as we have stated in the beginning of this unique crisis – now being “spearheaded” by the Coronavirus (COVID-19) effect, that same will last for a least two years and now we can say that Coronavirus (COVID-19) will remain indefinitely, and what we are going to witness yet is a wider and despicable catastrophe…
For a start we are always insisting how the Global debt of US$ 260 (twohundredandsixy) trillion will be settled, or at least reduced… As things stand now, either we write off completely this debt or we print money; alternative we go to war, to an all-out war, hence our references in previous reports over the last nine years that “Armageddon is ante portas”.
Relaxing the measures on tackling Coronavirus under the proviso that the Global Economy must restart is a false economy as with the second wave AND at least a third one to come, things will come to a point of no return. Greediness causes and will cause incalculable damage to all, above all loss of human lives. Opening say a country for tourism due to its low rate of deaths and cases doesn’t mean that this is the appropriate thing to do as tourists coming from countries with a bad rate on Coronavirus can pass it on to the locals and other tourists they mingle with despite the authorities’ rules. It’s not just to penalise people or deport them once the damage is being done… CAUTION !
Dangerous issues still remain with the MIGRANTS which are being even used by Turkey as a Trojan Horse and being send to Greece’s Eastern Aegean Islands, a European Union member state at the height of this pandemic. Turkey will be condemned tonight by the EU for violating Greece’s and Cyprus’ airspace as well as Territorial waters, not to mention another dozen issues in the Central and Eastern Med… The EU and NATO M U S T intervene as Turkey’s Erdogan, for his own designs, wishes per mare per terra to invade Greece, Cyprus and other countries – which has already done, see Syria, Libya, Iraq…
Moreover the faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa continue to give shocks; CAUTION!
The EU still in tatters as well as the United Kingdom vis-à-vis the BREXIT developments… It’s not over until is over…
At the other side of the Atlantic now; in the North and in particular in the USA the November presidential elections are more than crucial… Whether president Trump remains as the occupant of the White House or not, this time the presidential tasks and responsibilities are more than serious and difficult to all intents and purposes….
Central and South Latin America MUST overcome poverty…
Africa still in a total mess with the proxy wars flourishing…
In Asia we expect to see a workable deal in power sharing in Afghanistan as well as China coming down to its senses with its rivals over global trade, hegemony and Coronavirus; end of the story. Japan closely watches everything and North Korea MUST reason with the circumstances before it is too late.
In Australia everything is different – Vive la Difference…
All in all we urge you to be more disciplined with the new measures on the Coronavirus and Politicians to become more responsible as the majority (99%) made it a total mess in tackling the Coronavirus (COVID-19) issue which is still an ongoing anathema…
By the way, as in the coming days air-travel will be allowed, it is a MUST to completely clean thoroughly all aircrafts and hand over to all passengers a certificate; same applies for airports, particularly with the trays were we place our belongings so they are scanned by security. They are the filthiest trays I have come across in my life!!
Have a nice evening as well as weekend and continue to remain on guard from actions emanating from Pirates, Terrorists, Criminals and any Business Hooligans whatsoever wherever you are on Planet Ocean.
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Uploaded: 20:13 BST
Updated: 23:50 BST
