Dries still “surging” whilst uncertainty rules the Wets
The BDI (Baltic Dry Index) gained 20 points and now stands at 1,823 whilst the Wets struggle. Geopolitics in full swing and Coronavirus is here to stay. John Faraclas’ brief daily recap:
The Capes’ BCI was modestly up 31 points and now reads 4,264; wonder though how long this euphoria will last as all other dry indices, at least today, clinched single digit points…
Our most favourable size, the Panamaxes saw its BPI up a two points and now reads 1,257 points…
Seven points plus for the Supras’ BSI now at 693 and three plus points for the Handies’ BHSI now standing at 408…
All in all a Capes market and we reiterate the view that one size doesn’t dictate nor creates a market. It’s all …”Chinese” to me as China moves fast forward to ensure stocks are in order to sustain a surge of Coronavirus… or something similar in value and importance… CAUTION!
The Wets struggle; the last published BDTI (Dirties) and BCTI (Cleans) stood at 464 – same as of yesterday and 390 – minus six points respectively… CAUTION.
The WTI as these lines are being written stands at US$ 40.35… This will cause turbulations… Our view: Try and keep the WTI below the US$ 40 mark… or else and then no one shouldn’t complain…
Geopolitical-wise we still have all the main issues which bother us over the last decade:
MIGRANTS being still the number one issue with certain “fluctuations” but the real thing is that nothing has changed. Caution.
Within the faulty line from Gib to Afghanistan and from the Caucuses down to the Horn of Africa the ten hot spots remain with Tukey still trying to destroy Peace in the Balkans – western ones in particular, Central Med with the Libya inferno and East Med involving Syria, Greece and Cyprus. Ultra CAUTION should be observed.
In Europe and particularly the EU the financial situation gets worse… coupled with BREXIT’s uncertainty which stir-ups both sides of the British Channel.
At the other side of the Atlantic everything is concerned and focused on the forthcoming US presidential elections.
The Far East remains in turmoil with Hong Kong being a liability for all following the appointment by China of a hard liner for security issues, so China must understand that the whole of Planet Ocean is watching… Caution..
Coronavirus (COVID-19) continues to surge and politicians must get their act together before it is too late given that the second wave is ante portas.
More news on Geopolitics and COVID-19 in our weekly recap tomorrow Friday…
On another tone and note now: Respect to deceased seafarers
Eight days ago as you all recall was the Seafarers Day and all major Associations , Organisations, Unions you name it, come up with statements honouring Seafarers particularly under the current turmoil vis-à-vis the Coronavirus (COVID-19) the impossible for crew changes etc., etc., – hundreds of individuals also uploaded statements, but none – as far as we are aware, in their Press Releases or other means of media communication referred to deceased seafarers “paradoxically”, stranded on board ships, causing incalculable sorrow to their families and restricting vessels normal operations. One of these cases was that of a late AB (Able Bodied Seaman) an Indonesian national on board the Capesize m/v STAR EUROPE since the 23rd of March 2020 until a little while ago.
On the 23rd of March 2020 and whilst the vessel was in Pacific Ocean on her way from China to Colombia via Panama Canal, that AB, who was on watch on the bridge, lost consciousness and died despite given immediately first aid by the other crew members. To the best of owners and managers knowledge prior to his death he didn’t complained about pains or any other ailments and was not under medication. None of the crew complained about ailments or symptoms related to an infectious disease at any time before and after this incident.
The ship’s flag, Marshall Islands, was immediately notified as well as the manning agents in Indonesia in order to notify the family of the diseased; same also for the North P&I Club, the vessel’s P&I Club.
Owners and Managers tried to disembark the remains of the deceased AB in Panama, where their request was elevated to the District Attorney and the head of Maritime Sanitation of the Ministry of Health and assistance was requested from the Panamanian Embassy in Greece. All efforts to disembark the body were unsuccessful and even Owners’ request for a coroner / medical examiner to board the vessel in order to examine the body was denied due to the lockdown of the country caused by COVID-19, however the ship was allowed to transit the Panama Canal with the body on board. She arrived in Balboa on 24 March, transited the Panama Canal between 28-30 March and departed from Cristobal on the 1st of April 2020.
Afterwards she called at Puerto Drummond in Colombia and although the terminal – a private one, in the beginning refused to allow the ship and the body on board to berth, following pressure from the ship’s Flag and P&I correspondent, finally allowed her to load her cargo (the ship was there from 3 to 6 April when she sailed…
Once the Owners and Managers realised the difficulties of disembarkation of the body in both Panama and Colombia, began similar investigations in other countries in the Gulf of Mexico and the Caribbean Sea making contacts both via the local agents and P&I correspondents with the relevant Authorities in the following countries and or island nations:
Aruba, Trinidad and Tobago, Guadeloupe, Granada, Dominica, Cayman Islands, Guatemala, Jamaica, Dominican Republic, Haiti, Nicaragua, Costa Rica, Mexico and Curacao…
Unfortunately, due to restrictions imposed to each of the above countries and island nations due to COVID-19 pandemic, none were willing to allow the disembarkation of the body although all crew on board was always and until now remains healthy without any symptoms of any infectious disease!
Thereafter the ship called in Singapore for bunkers …… and once again owners and managers asked the local Port, Health and Immigration Authorities to allow the disembarkation of the body and they advised that this is not allowed as well as that they will prohibit the ship to take bunkers. Finally, the bunkering operation took place but the deceased’s body remained on board. There was a great assistance by INTERCARGO to enable the vessel take bunkers
The ship proceeded to South Korea to discharge- Owners’ and Managers’ only request was for the local authorities to allow them disembark the body in order same to be returned to his family and honourably buried according to their customs and tradition. Owners and Managers undertook all necessary expenses to ensure his family receive their husband and father after all this time.
After lengthy discussions and with the assistance of the vesssel’s Flag, P&I Club and the Indonesian Embassy in South Korea the authorities confirmed that the body of the late AB can be disembarked. Owners, managers, South Korean ship agents and local P&I correspondents made all necessary arrangements and informed his family in Indonesia so that they could help in preparation of the documentation required. At the end of the day only the South Korean Government and its competent authorities took the right and humane view and ended this despicable ordeal and, no doubt, they enjoy the gratitude of the family, the shipowners and the managers.
Imagine if Owners and Managers allowed the lowering of the AB’s body for a sea-burial how same was going to be totally inhumane in 2020 given the advances is Health, Safety and above all have the entire crew taking pictures from their mobiles spreading them around the World through all means of communication.
We call upon the Secretary-General of the IMO to immediately ensure this despicable and macabre case never ever happens again; the deceased AB will now “reach” honourably and safely his family and have the last honours leaving from this world and sail to the Sea of Eternity.
Finally, Captain Antonis Pitsilos was unanimously elected earlier on tonight president of the Chios Marine Club. Many Congratulations to all in the new BoD and we expect furthering further the Club to all intents and purposes.
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. Once again a big THANK YOU to all who really care for all humans – Doctors, Nurses, Seafarers, Dockers, Port Authorities et al during this Coronavirus disaster!! We repeat: Do please invest in Hospitals including Equipment, Doctors, Nurses and any useful means to avoid further disasters! Become more disciplined and care for the Environment too. Lastly: Education and Training for all to be able to tackle these disasters. Let’s work collectively together and NOT opt for a fistful of Dollars to restart the already collapsed global economy… which is in red US$ 260 (twohundredandsixty) trillion…