BDI@1,491: …volatility knocks amid extremely explosive Geopolitics and an uncertainty over Coronavirus
The BDI (Baltic Dry Index) gained ten points since last Friday the 21st of August 2020 and now reads 1,491 points, all “thanks” to the volatile Capes and to a lesser extent Supras and Handies. Geopolitics in the faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa deteriorates given Turkey’s despicable behaviour. Coronavirus spreads and Discipline as well as Responsibility MUST work in tandem to save lives on Planet Ocean. John Faraclas brief recap:
The Capes’ BCI went over and above the 2,200 points threshold and now stands at 2,207 – up 47 points!
Panamaxes fell further and the BPI now reads 1,632 – down 21 points…
Minor gains but good gains for the Supras’ and Handies’; the BSI was up three points at 965 and the BHSI up eight a 554 points.
Mixed feelings again for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 480 – minus three and 433 – plus ten points respectively
The WTI was up 62 cents from last Friday and now reads US$ 42.89. C A U T I O N !!!
As said in the preamble, Peace on Planet Ocean is at stake given Turkey’s despicable behaviour. Wonder who will pay the damages of the World War III !!!!!
Coronavirus’ uncertainty and wrong methods in tackling same will cost dearly to all!!
Have a nice evening but ensure you 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…