Home Marine InsuranceArbitration Mild dive of all dry indices except Handies’ ace…plus!

John Faraclas

Mild dive of all dry indices except Handies’ ace…plus!

The BDI (Baltic Dry Index) fell 24 points since last Friday the 24th of July and now stands at 1,293 –   losing also the 1,300 points threshold… Geopolitics: couldn’t be worse and Coronavirus advances further. John Faraclas  brief Monday recap:

The Capes’ BCI  lost 32 points and now reads 2,052…

37 points lost from the Panamaxes BPI now at 1,161…

A single digit loss for Supras’ BSI now at 906… minus nine …AND

A big hooray for that special ACE clinched by Handies’ BHSI, now standing at 472… What a “relief” !!!

Mixed feelings with the Wets; the last published BDTI (Dirties) and BCTI (Cleans)  stood at 516 – minus four and 362 – plus seven points respectively…

The WTI was slightly up a US$ 41.66…

Given the above, plus the complete catastrophe of the Tourism including the Maritime Industry, wonder what will happen with an extended COVID-19 – ante portas, an energy/oil crisis emanating from unsettled geopolitical old scores and obviously the Global Debt… CAUTION!

The Geopolitical scenery continues to deteriorate and expect total mess; CAUTION.

The stand off between Greece and Turkey is NOT over, “despite” the fact that units of the Turkish Navy have been  diverted to its nearby arsenal… The Greek Navy is still there; one cannot trust the Turks nor their allies, some of which are also allies with the Greeks… Nobody is frank… It is unwise for the major powers to create a state of duress for the Greeks so as they “defend” their interests in the region… With whom they are siding? With a pariah state such as Turkey with religious terrorism being the norm and just… Wake up!!!! Even “bringing” both sides to direct negos nothing will be achieved…

All ten focal points within the Gib to Afghanistan  and Caucuses to the Horn of Africa faulty line remain and get worse… Armenia and Azerbaijan are about to begin bloody hostilities…  Libya, Syria, the Balkans, Middle East in a state of general conflagration! 

As a result of the above two paras, more MIGRANTS are on the way... Italy begins to return to a messy state and the Army is being called to assist…

Europe and in particular the EU in total mess; add the coming BREXIT upheaval with a non deal hanging around like a Damocles Sword  and see what you get… The latest billion dollar package, which we condemned, should have been Euros 1,3- 1,4 trillions to make real sense given COVID’s new “advances”..

At the other side of the Atlantic both North and South, the issues remain the same:

In the North, the USA lives a double fever; that of the forthcoming presidential elections, where, who ever wins, must have the charisma to completely change life there in all fronts, particularly on Racism  and the economy with a respect for the environment too… Enough!! In the foreign policy, fine: It’s America first too but with all due respect, although America has mainly interests and then (?) friends, MUST balance these desires as same come in collusion with other nations national and regional real and prioritized vested interests. No one, no nation wishes to be amidst “exchanged” fire… given that the USA or anybody else has vested interests… You dead well know what I mean!!! I am very pro-USA, but we can spot chronic errors in USA’s foreign policy in the entire Med, Balkans,  which MUST be rectified before Russia cause shocks for all – and Turkey too, harming the American and that of the entire West interests…  One good thing is that we  just heard over the grapevine  that the Republicans proposed spending US$ 1 (One) trillion to heal the despicable Coronavirus pandemic damage. The Democrats believe same is inadequate; so what is the amount, the method, the solution, the survival, eh!!! China too pauses  a real threat for the USA, hence the built up in South China Sea… with incalculable repercussions  for all in the region and beyond… By the way, time-wise, we have an aggressive China and Turkey, a coincidence or what..?

Central and South America in Ideological and Financial chaos... Few though can thrive in chaos… Try to interpret this…

The Coronavirus anathema advances further and the errors by politicians, the majority of which are very bad “leaders”, might cost millions of lives and total economic catastrophe if another lock-down takes place. This is the result of the absence of a coherent Health and Medical policy…

Be prepared for strange phenomena… we are living in interesting times…

More news tomorrow.

On another note and tone:

Many happy returns for all Pantelis’  (Panteleimons) today; a great day for Christianity. Do please check the etymology behind Saint Pantleimon’s name!!!

Two Kardamylian dresses; that of a sea-captain’s wife and and a pastoral one

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

On the Greek Island of Chios in the North East Aegean Sea, the Society of Kardamylian Women staged an early evening tea-event with the participation of Faros, the educational and cultural association of Varvasi,  a suburb next the Chios capital Hora with an excellent demonstration of local traditional women’s dresses!

The event took place at Maria Poniros’ farm restaurant “Perivoli” next to the swimming pool and attracted a great number of Chian women, both locals and visitors from mainland Greece and abroad…

Among the speakers Mrs Koukia Kountourouda, Mrs Stavroula Theodorakis – president of the Kardamylian women and the ever present Mrs Mariella Varoni, president of the Friends of Chios Village charity.

Well done and we look forward to many such events from all over Planet Ocean; they bring us together and give Peace a Chance.

We are indebted to Mrs Galatia Paradisis for her support and pictures.

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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Uploaded  : 23:51 BST

Updated   :  23:58 BST

 

 

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