Home MarketsChartering Dries fall and Wets “surge” amid an upcoming Armageddon in all fronts

Dries fall and Wets “surge” amid an upcoming Armageddon in all fronts

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John Faraclas

Dries fall and Wets “surge” amid an upcoming Armageddon in all fronts

The BDI (Baltic Dry Index) fell 32 points since last Friday 17/7 and now stands at 1,678  losing also the 1,700 points. Threshold… Geopolitics in despicable mess and Coronavirus rules the …day. John Faraclas’ brief daily recap:

The Capes’ BCI  lost 75 points as well as the 3,000 points threshold and now reads 2,950 !!!!

The Panamaxes’ BPI was also down 39 points losing also the 1,500 points threshold and now reads 1,465…

Ten plus points for the Supras’ BSI now at 920 – let us hope we see same above the 1,000 point mark…

Just three points plus for the Handies’ BHSI now at 460.

A very strange and odd Dry Market; CAUTION…

The Wets’ mini “surge” is also questionable… The last published BDTI (Dirties) and BCTI (Cleans) stood a 534 – plus 14 and 340 – plus 11 points respectively…

The WTI as these lines are being written reads US$ 40.68 slightly up since last Friday’s ending of US$ 40.57…

Geopolitics are now the pandemic given what takes place all over Planet Ocean, no just within the faulty line from Gib to Afghanistan and from the Caucuses down to the Horn of Africa with its ten hot spots and Turkey and its backers defying every single nation around the 1,500 miles area from the Turkish borders. In our humble view, the War is on… just wait and see…

MIGRANTS still the number one issue…

Europe still trying to short out its finances… Still a long way to go… but hope is there!

BREXIT begins to bite for both sides in the British Channel… CAUTION

The USA and China in a possible stand-off down in South China Sea… Within the USA president Trump takes measures to protect the big cities from clashes, racist clashes…  Will he win the forthcoming presidential election… CAUTION.

Today marks the 46th Anniversary of the Turkish invasion in Cyprus fully backed by the same backers who turn their head away from today’s despicable Turkish behavior against Greece and Cyprus… No excuses please. SHAME!!!!

Today Planet Ocean’s top exhibition since 1969, Posidonia 2020 is cancelled and we now look forward for the 2022 ones! A brave decision putting Human Life and well-being above anything else! Coronavirus upsets might continue and let us all unite and have a coherent medical response to halt its advance.

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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