Home MarketsChartering Dry Market falls… Geopolitics might become a Yellowstone and Coronavirus “fights” back…

Dry Market falls… Geopolitics might become a Yellowstone and Coronavirus “fights” back…

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John Faraclas

Dry Market falls… Geopolitics might become a Yellowstone and Coronavirus “fights” back…

The BDI (Baltic Dry Index) following last Friday’s stagnation, fell 18 points losing also its 1,800 points threshold and now reads 1,792… Geopolitics: Explosive and Coronavirus might claim more and more cases and losses… John Faraclas’ brief daily recap:

The Capes’ BCI was down 82 points losing also the 3,300 points threshold and now reads 3,251… CAUTION!

The Panamaxes’ BPI continued its soft rise and clinched ten points, now standing at 1,597…

Supras’ were up 21 points with the BSI now reading 856…

Three plus points for the Handies’ BHSI, now at 438..

The Wets  falling on a mild mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 499 – minus one AND losing the 500 points threshold, and 342 – minus two points respectively. CAUTION

The WTI as these lines are being written is losing eight cents since last Friday (US$ 40.56) and now reads US$ 40.48… We shall see later on tonight how same ends the day… at the end of the day (update)  and as of 23:55 BST same ended down to US$ 39.60 which is 96 cents below that of Friday 10 July 2020!!! That’s good news!!!

On the Geopolitical front the MIGRANTS still the number one issue…

The Turkish provocations are reaching new heights with the despicable decision of Turkey’s highest court to convert The Saint Sophia church from a museum to a mosque… The response of the EU and the UN as well as of governments and clergy all over Planet Ocean is at best: soft. Action please…

Planet Ocean is on fire and Armageddon is not just ante portas… but inside…

Mind the BREXIT issue, better say issues, given that things, as we have predicted on canvas, go from worse to worse… CAUTION!

In the Far East, down to the South China Sea we might see a confrontation between the USA and China… The Law of the Seas… needs to be rebooted… Same applies for other areas, such as the entire Med…

Mind the faulty  line from GIB to Afghanistan and from the Caucuses to the Horn of Africa with its ten focal points…

Let us abandon any form of Racism as this coupled with religious stubbornness and poverty might ignite a social upturn…

Coronavirus (COVID-19) is becoming a liability for all with unknown repercussions and projections, particularly in the absence of a coherent international policy. SHAME! SHAME as soon we will be embarrassed with the many cases and losses that we will witness and wonder what excuses the politicians will use with their spin doctors…

Wonder what will happen with major annual, biennial and other exhibitions and conferences, although there is a way…

On another note and tone and for those in Greece as well as international visitors there, don’t miss the 26th   Festival of the Municipality of Papagos – Holargos, north of Athens, which begins on 15 July and ends on the 1st of August 2020 at the Papagos’ Park Theatre. Log on festival.dpapaxol.gov.gr

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.  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…

Uploaded  :  16:12 BST

Updated    : 23:55 BST

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