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Home MarketsChartering BDI dives further; Geos in disarray and COVID-19 remains “unscathed”

BDI dives further; Geos in disarray and COVID-19 remains “unscathed”

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John Faraclas

BDI dives further; Geos in disarray and COVID-19 remains “unscathed”

Midweek blues for the Dry Market which now dives; this is not a fall and we hope things reverse as if not… it will be a catastrophe amid the Recession and COVID-19. John Faraclas midweek brief recap:

The BDI (Baltic Dry Index) lost 46 points since yesterday and now stands at 1,696 losing also the 1,700 points threshold!

Another triple digit loss for the Capes’ BCI, now at 2,941 points – minus 141 AND loss of the psychological 3,000 points threshold…. CAUTION!

The Panamaxes’ BPI down 18 points at 1,579…

The Supras’ BSI was up 15 points at 890 and might go over and above the 900 points mark!

The Handies’ BHSI clinched six valuable points and now reads 448 …

Wets continued to dive, even slightly; the last published BDTI (Dirties) and  BCTI (Cleans) stood at 491 – minus one, and 334 minus five points respectively… CAUTION !

The WTI was up 51 cents since yesterday and now reads US$40.96,  C A U T I ON !

Geopolitics still in disarray and expect a Shakespearean Tempest… Nothing “aligns” as it should, so …expect the unexpected!

Coronavirus (COVID-19) remains “unscathed” per today’s title and Humanity will pay a hefty penalty for not being disciplined and turning greedy. Time will tell.

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…

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