John Faraclas
Red Alert…
Inevitably we are having a Triple Tempest as any expectation for the BDI (Baltic Dry Index) going over the 2,000 points become a midsummer’s night dream, the Geopolitical mess to calm down particularly in the faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa got worse and the Coronavirus anathema is still uncontrollable due to lack of discipline and responsibility. John Faraclas’ daily and weekly recap:
The BDI was down 33 points since yesterday and now stands at 1,362; on a weekly basis same was down 126 points since last week’s 1,488 points… Wonder the thoughts and actions of Shipowners and Bankers if we see same under the 1,000 points-threshold… Now, exactly a year ago the BDI stood at 2,518 which is 1,156 points higher from today’s 1.362 points; see also the entire report of the 4th of September 2019 and tell us, after comparing same what do you see happening particularly with the perplexed Geopolitics!!!
The Capes’ BCI lost 59 points and now reads 1,960 losing also the 2,000 points psychological threshold. On weekly basis the loss was 258 points – from 2,218…
So two of the most important sizes had triple digit weekly losses; CAUTION!
The Supras were down five with the BSI standing at 953 points; the weekly losses were the same – down from 958 last week…
Minimal daily and weekly losses for the Handies’ BHSI now at 569 – minus one. On a weekly basis same was down one point – from 570 on 28 August 2020.
So, all in all a downwards, a falling Dry market… Will wishful thinking change same or War, the father of all as both geopolitically and financially we live in chaos? Let’s see though who thrives in chaos!
The Wets were also down; the last published BDTI (Dirties) and BCTI (Cleans) stood at 446 minus six and 477 – same as yesterday. On a weekly basis the Dirties were down 28 points – from 474 and the Cleans eight – from 485 points respectively.
Again, as with the Dry Market, the Wet is in a mess…
Containerships and their trade still far beyond forecasts.
In all earnest, everybody these days tries to find excuses on the Coronavirus anathema as the one keeping the Markets down, conversely the global economy and in this instance the box trade which looks indeed being an issue, but check your records to see that we are in a Recession and in a big global debt since 2008, so don’t give silly excuses…
The WTI fell below the US$ 40 mark and now stands at US$ 39.42!!! Let’s have some icy masticha to celebrate! On a weekly basis the WTI was down US$ 3.50 – from US$ 42.92 on 28 August. Hooray! Our prays …err our expectations come true!!!
The Geopolitical situation got far worse than expected; we believe that we will soon have nasty developments:
The MIGRANTS continue to dominate the news despite hoi polloi’s efforts to diminish its importance. Amongst the MIGRANTS mess, we have Coronavirus’ cases in the camps – open or closed as well as many imported ones particularly from Turkey and North Africa. What a SHAME for the politicians keeping a blind eye. Those responsible MUST seat on the dock!!! No excuses! Edmund Burke’s cliché: “for the evil to flourish, all that is needed is for good people to do nothing.”, is more important than ever!
Turkey’s despicable actions and aspirations supported by its backers – the infamous warmongers and cronies, is on track not just for a regional war, but, in our humble view for World War Three! NATO’s Secretary-General must raise to the circumstances and avoid mistakes with childish statements which can harm our Western Alliance – by this we mean NATO and the European Union. Turkey is not just pestering Greece and Cyprus, Turkey bullies all its neighbors and nations which once upon a time formed the Ottoman Empire, the Sick Man of Europe; end of the story.-
More news in our late night update; meantime have a nice evening and weekend ensuring 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…
