John Faraclas
BDI survives weekly fall but… Yellowstone Geopolitics and Coronavirus still spreading…
The BDI (Baltic Dry Index) closed down 16 points since yesterday at 1,488 losing also the 1,500 points threshold; on a weekly basis same was up seven points from the 1,481 recorded last week (21/08/2020). Geopolitics are like a Yellowstone and expect mess. Coronavirus spreads further and wonder what’s next. John Faraclas’ daily and weekly recaps:
The Capes become the biggest “loser” and “winner”; on a daily basis the BCI lost 46 points and now stands at 2,218… On a weekly though basis same was up 58 points – from 2,160 last Friday 21 August… too much volatility, even on a small scale, instead of the triple digit one we witnessed earlier on this summer.
The Panamaxes BPI was down two points at 1,617 and on a weekly basis down 36 – from 1,653 points.
No change for the Supras’ BSI – still at 958 but on a weekly basis the BSI was down four – from 962 points (21/08/2020).
Finally the Handies’ BHSI was up two points to 570 and on a weekly basis the plus 24 points made the difference – from 546 last week.
Mixed feelings for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 485 – minus seven and 474 – plus two respectively. The weekly results on the up! The Dirties gained two points from 483 and the Cleans gained 51 – up from last week’s 423 points… CAUTION as we need to see both close to 1,000 and celebrate…
The Container trade still in a bad state; the reason twofold: Recession and Coronavirus. Ultra Caution should be observed as a conflagration in the Central / East Med, the Aegean – incl the Balkans and the entire Middle East will cause a total collapse of the Box Trade…
The WTI fell three cents since yesterday and now reads US$ 42.92. On a weekly basis the WTI gained 65 cents – up from US$ 42.27… CAUTION as whatever is above the US$ 40 is a disaster for 7.7 billion people on Planet Ocean…-
The Geopolitics are now in a far worse situation compared to even a possible geophysical explosion such as the expected – one day, Yellowstone (USA):
MIGRANTS, Turkey’s despicable behavior plus the ten hot spots in the faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa and other issues can turn Planet Ocean into a War Zone for the foreseeable future.
Migrants in Lampedusa are exceeding any number you can imagine; Malta is being “targeted” too. It is too much for all with Greece’s Aegean Islands holding the intake record. As said and explained numerous times in the past, ONLY a NAVAL BLOCKADE with a MANDATE and Rules of ENGAGEMENT can stop the influx of MIGRANTS in Europe and elsewhere too… The EU’s soft and silly policy will turn a boomerang very soon… The social cohesion as we have stressed is already broken and racism will soon flourish!!!! On top of everything else we are being faced also with imported Coronavirus cases hence the apathy of the UN in properly tackling the issue is “mildly” criminal!!!!
Turkey will rock Peace on Planet Ocean and those who are either soft or keeping a blind eye will one day pay a hefty penalty. Same applies for NATO with its Secretary-General siding, openly as we witness by his actions, statements and all that with Turkey. S H A M E!!!! The EU postponement for action, sanctions etc., etc leaves Cyprus and Greece to act one day, any time and defend their sovereignty. Same applies to all countries bordering with a pariah state like Erdogan’s Turkey… WAKE UP. Who can deal with Erdogan who meets well known international Islamic Terrorists? Obviously Erdogan uses his best weapon, and this is blackmail to all intents and purposes. It’s were Turks are champions! France is trying and Congrats but need to see Germany too – holding now the presidency of the EU to act forthwith! The United Kingdom too must get involved. After all Cyprus is also a member of the British Commonwealth! After all there are very strong bonds with Greece too given, above all the Shipping Industry et al!!!
Belarus another European issue; ultra CAUTION should be observed…
Meantime we see no news on Crimea and eastern Ukraine
Critical elections in Montenegro…
North Macedonia expects to see a vote of confidence for Zoran Zaev….
Abe’s resignation due to health issues in Japan an issue; pity for the Abenomics supremo!!! Well done Mister Abe! Wonder whose next and what’s next in Japan, Planet Ocean third largest economy…
Biden or Trump, Trump or Biden: nothing matters much and very little matters at all… The USA is in a turning point. Too many international issues… China and Trade, China and the South China Sea case; Hong Kong… CAUTION!
Africa: the next battlefield given the proxy wars all over the mysterious continent… Except the Libyan ongoing mess for nearly a decade, Sudan – north, south and Darfur might, repeat might live peacefully as otherwise the mess will spread… The Nile region will develop in a new hell… CAUTION… Did I hear you say South Africa…? Oh well then: who is going to end corruption there? Mind me there are some nice people too but need to overcome a lot of issues against the hoi polloi…
Racism “spreads” slowly slowly and same will create yet another global issue… CAUTION as the triptych Religion, Racism and Recession will cause despicable destabilisations all over Planet Ocean and with the ongoing Coronavirus (COVID-19) anathema …you can imagine…
In general, we do not see news from many regions and issues, except only those allowed by the system; “excellemous” eh!!!
Coronavirus is here to stay and we need Discipline, Responsibility and Money for the race against time both for The Medicine as well as for The Vaccine!!! As you read these lines, we have now reached 25 million cases and 840,000 deaths all over Planet Ocean. What will be the situation on New Year’s Eve? For the time being… we missed the Notting Hill Carnival, it was a non stop event for 54 years bu as all things these days same went on virtual… Let us hope same will take place in 202!!!!
..
On another tone and note, Chios Marine Club president Capt. Antonis H. Pitsilos continued his meetings with local authorities, associations, organisations and charities.
This time he met with Chios Tourist Organisation president Avgoustis Neamonitis and vice-president Yioryos Passas (pictured on the left), and exchanged views for the economic and touristic development of Greece’s fifth largest island particularly under the ten year of austerity and conversely the credit crunch, Turkish bullying and the Coronavirus anathema.
On Chios there are five more members of the Chios Marine Club and amid their holidays, are trying to assist in anyway they can the islanders during this difficult summer and the winter ahead. The Environmental cleaning at Klidou two weeks ago was a great act getting along with four more associations and charities in cleaning up the area.
Well done!
Have a nice evening and enjoy the long weekend particularly in the UK given the Bank Holiday despite the weather forecast, 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…
