John Faraclas
Supras and Handies keep the BDI “afloat”; Geopolitics more than crucial with Coronavirus causing mess
The BDI (Baltic Dry Index) clinched three points since last Friday and now stands at 1,598. In Geopolitics things got worse with uncertainty in Belarus and increased Turkish despicable actions in the Aegean and Central – East Med. As politicians failed to contain Coronavirus, expect total mess all over Planet Ocean. John Faraclas’ brief daily recap:
The Capes’ BCI lost two points and now stands at 2,400…
The Panamaxes BPI was down five and now reads 1,819… an odd outcome given recent advances…
A good day for both Supras and Handies with the BSI and BHSI standing at 943 and 504 – up 16 and 13 points respectively with the Handies going over and above the 500 point threshold…
The Wets still down; the last published BDTI and BCTI stood at 493 – minus five and 400 – plus one point respectively… CAUTION!
The WTI as these lines are written was up 58 cents since last Friday 14th of August and now reads US$ 42.78… CAUTION as we reiterate our position for a not–over US$ 40 barrel…
Geopolitics deteriorate:
MIGRANTS continue to make headlines with many crossing over from the Continent to the UK. CAUTION but also need to see a good safeguarding of all frontiers in both sides of the British Chanel… MIGRANTS continue to come over from the Anatolian Coast of Turkey to the Greek Islands and mainland Greece as well as from North Africa to Spain, Malta and Italy… Despicable as the EU and NATO at present do not have the will and wish to stop the influx of MIGRANTS into Europe.
Turkey continuous to violate both Cyprus’ and Greece’s waters being also European Union ones as both nations are EU members; Turkey is NOT a EU state, and with this attitude and behavior becomes a pariah state! CAUTION as situ more than perplexed 1,500 miles around Turkey given the superpowers interests in this region but be prepared, as we have numerous times stressed, for a conflagration in the entire region.
Belarus following its presidential elections might have troubles and many nations bordering will come in for assistance unless we have another voting which looks likely. CAUTION.
Europe is trying to find a new direction and we sincerely hope this might happen subject Germany gets its act together… France does its best! The departure of the UK from EU tells it all!!!
The UK and EU still trying for a deal…
At the other side of the Atlantic and in particular in the USA, the presidential election fever is rising. One important issue: sort out voting by post!!!!
Japan in financial mess; CAUTION!
Mind Lebanon; a MUST to create a peaceful environment before it’s too late!!! A Peace accord MUST be signed between all parties involved and the EU to supervise same.
Coronavirus spreads and we might see lockdowns again on a wider scale… DISCIPLINE p l e a s e ! As many events are being cancelled all over Planet Ocean, governments must get their act together as we might even see social upturns. We need to see a coherent international policy in tackling this issue and the new generation – those between 16 and 30 must comply with reality and become more responsible. Equally politicians cannot risk lives in allowing, for a fistful of Dollars, the market to operate in an unprecedented way endangering all of us!
…and what do you make on today’s high temp record in Death Valley National Park in California; 54.4C is beyond a heatwave…
Have a nice evening and weekend 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…
