John Faraclas
Shipping Markets fell; Geopolitics await the USA election result whilst Coronavirus lockdowns begin
The BDI (Baltic Dry Index) was down 21 points since yesterday and now stands at 1,263. Whatever the result in USA’s presidential election chaos will continue to rule Planet Ocean. Why can’t we combat Coronavirus. John Faraclas’ brief daily recap:
We said yesterday that the Markets lost steam, and here we are witnessing same now.
The Capes’ BCI lost 33 points and now stands at 1,862…
25 points lost for the Panamaxes’ BPI now at 1.250…
The Supras’ BSI down 11 at 932 and the Handies’ BHSI down two at 588…
Wets grounded; the last published BDTI (Dirties) and BCTI (Cleans) stood at 405 – minus one and 313 – no change respectively.
The WTI was up to US$ 2.35 and now reads US$ 38.07… USA’s election fever surge or what?
On the Geopolitical arena two issues are neck to neck:
The candidates for the Oval Office; designed by ISK
the USA presidential voting is in progress and will know a bit more in ten hours. Hold your breath; it’s not yet the end…
Shipping is not going to be affected by the result of this election, to the contrary…
and
Terrorism coupled with MIGRANTS. What happens and what is more to happen, primarily in Europe, will rock the boat of Peace and coexistence! CAUTION and pragmatism; understanding is not enough!
Coronavirus spreads and lockdowns is the norm of the day. The Politicians and their cronies are to blame for this situation. They have spectacularly failed; end of the story. We have in writing warned you on this! Remember: for a fistful of Dollars they “opened” up the markets… Shame, shameful decision from those morons we have pay to govern us, yet they know nothing on crisis management!!
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…
