Home MarketsChartering No steam for the Dry Market, dangerously low Wets, peculiar Geopolitics amid Coronavirus’ lockdowns

No steam for the Dry Market, dangerously low Wets, peculiar Geopolitics amid Coronavirus’ lockdowns

by admin

John Faraclas

No steam for the Dry Market, dangerously low Wets, peculiar Geopolitics amid Coronavirus’ lockdowns

The BDI (Baltic Dry Index) was up one point since last Friday the 30th of October 2020, a very valuable ace and now reads 1,284 proving that in general there is no steam left… The world is on Fire and let us how we will end up with the USA’s presidential elections; tomorrow though is not the day yet… Coronavirus’ lockdown will not only rock the Economy on Plane Ocean, it will have effects on human lives… John Faraclas brief daily recap:

The Capes’ BCI was up 20 points at 1,895

All other dry sizes fell; the Panamaxes’ BPI was down 14 at 1,275. The Supras’ BSI down six at 943 and the Handies’ BHSI lost one point and now reads 590…

Low and unstable Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 406 – minus five and 313 plus one respectively…

The WTI down a bit at US$37.86; that is the only good news today. Never though forget the fact that ten days ago, it stood a US$ 40.93 and due to the uncertainty with USA’s election as well as the chaos to come in Central /East Med – Middle East, it might go back, above the US$ 40 mark. CAUTION!

Geopolitics messy with further rise in Terrorism, now rocking Vienna in Austria. After France, Austria pays a hefty penalty but we expect a swift response to these atrocities. Following these despicable events, MIGRANTS retain in its entirety by far the number one issue.

Turkey continues to push for war in the region, in a region 1,500 miles around its current frontiers. At the end of the day, it is NOT just Erdogan and its “zealots”, but the entire Turkish political establishment pushing for Islam too to join in and re-establish a new Ottoman Empire. Turks and in particular under Erdogan, want to lead and be the spearhead of a new religious / political revolution from Bosnia to Philippines and from the Caucuses  down to the sub-Saharan nations in the same line with the Horn of Africa… were the majority of Muslims live.

BREXIT turbulences can be felt…

The EU is in total mess in all fronts…

All eyes are focused on the USA’s presidential election, the most crucial so far for the future of America and all on Planet Ocean… Be prepared for a perplexed day after and brace until we have the inauguration day…

We have an interesting news / view from VesselsValue on Do shipping markets want Biden or Trump for the win?

Divided opinions, moral standings and political allegiances aside, if we just look at the data, which presidential candidate would the shipping markets prefer?

Click here for our article which answers this question by looking at the last four years of VesselsValue’s trade data to see how Trump’s term affected the different cargo shipping markets and what impact a Biden victory may have. We delve into:

  • US crude exports
  • Iran sanctions
  • Vessels blacklisting
  • US-China Dry Bulk trade
  • Container cargo miles

We look forward to your comments on this.

China keeps an eye as does Putin’s Russia…

Watch out Japan and the Sub-Continent…

In Algeria, despite a low turnout, voters back constitutional changes.

We live in interesting times…

Coronavirus though will be the biggest hurdle and not just a test for the occupant of the Oval Office…

Have a nice evening and 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 us work collectively together and NOT opt for a fistful of Dollars to restart the already collapsed global economy… which is in red US$ 270 (twohundredandseventy) trillion…

You may also like

Leave a Comment