John Faraclas by GTP
BDI falls further… Geos totally perplexed amid rising Coronovirus cases
The BDI (Baltic Dry Index) lost fifty points since yesterday and now stands at 1,742 points. Geopolitics are totally perplexed and Coronavirus (COVID-19) rises further. John Faraclas daily recap:
The Capes’ BCI lost 169 points plus the 3,200 and 3,100 threshold. CAUTION.
No change for the Panamaxes’ BPI – still at 1,597 points… and this is a worrying point!!!
The Supras’ BSI clinched 19 points and now reads 875…
The Handies’ BHSI was up four points and now stands at 442…
The Wets on a falling mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 492 – minus seven and 339 – minus three points respectively… wonder what’s next…
The WTI as these lines are being written reads US$ 40.45 ! CAUTION!
The Geopolitical front remains perplexed:
MIGRANTS still the number one issue… no solution yet to alleviate societies in danger losing their social cohesion!
Erratic policy and behavior by Erdogan and his “new”-Ottoman Turks claiming everything is theirs in Central / Eastern Med which one way or another will lead to an all-out war in the region. Despite verbal messages and complaints by many nations including the USA, president Erdogan and his backers pursue their own agenda, pestering Cyprus and Greece’s sovereignty, two EU nations. Not to mention the mess created in Libya and Syria. Very simply: Turkey is a pariah state, unfortunately…
The EU and the UK at loggerheads trying to strike a deal; looks very odd and expect, as we have mentioned in the past, surprises… BREXIT will turn the World upside down…
The forthcoming USA presidential elections in November will determine too many issues…
In the Far East don’t be surprised to see a stand-off between the USA and China down in South China Sea…
One thing to have in mind is that analysts completely fail to see the recovery rate as well as the fact of the Global Debt now at US$ 260 trillion and how same affects the economy on Planet Ocean… For example, the UK’s debt is currently standing at US$ 2,229 trillion, that of the USA at $25.6 trillion—or more precisely—$25,583,137,364,237 trillion and that of …Greece at US$ 375.74 billion… We don’t go any further… It is time we get our act together or else…
Coronavirus (COVID-19), as explained many times, is here to stay and we must all ensure we tackle same one way or another insisting to the politicians to get their act together as things are getting worse…
Will Rio Carnival take place as well as other events and exhibitions?
Bastille Day in France today; Happy National Day, France! Bon 14 juillet! The 231st Anniversary!!
From tonight’s Chios Marine Club’s BoD meeting.
On another note and tone tonight we had the Chios Marine Club’s hand over from the old to the new BoD at the Clubs’ HQ’s down town Piraeus. Besides we had a short presentation to update the new BoD members on the issue of European Programmes such as those on Erasmus plus on the Blue School and Prometheus by Aris Chronopoulos of idec, with whom CMC has signed a MoU back in October 2018, for the club to participate in European subsidised educational programmes.
Moreover and following inter-BoD discussions initiated and proposed by the new president Antonis Pitsilos, five teams were set up headed by BoD members to enhance and improve the CMC’s further development for which we will revert tomorrow together with other decisions taken; watch this space!
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 : 13:06 BST
Updated : 21:17 BST
