John Faraclas
Midweek Dry Market blues, low Wets; Geopolitics on turmoil amid an explosive spread of Coronavirus
The BDI (Baltic Dry Index) was down 55 points since last Friday the 6th of November 2020 and now reads 1,141 points, The 1,200 points threshold has been lost. Are the Wets a liability? Will the over US$ 40 WTI play any role in uplifting the Wets? Shall we call the USA’s presidential election an uncertainty? It is unacceptable for the superpower not to be able to give results in three remaining states ending the “agony” and concern of 7.8 billion people… Coronavirus spreads as simultaneously we have irresponsible “centres” telling us on the vaccine and its time-table. John Faraclas midweek recap:
The BDI managed to get over and above the 1,200 points on Monday 9/11 – plus 11, fell seven on the 10th at 1,200 flat and today same was down 59 points standing at 1,141… lifting / raising uncertainty; I guess this volatility, either downwards or upwards, will remain…
The Capes were down 126 points with the BCI at 1,613 points; on 6 Nov the BCI stood at 1,739 points. On 9 Nov at 1,790 up 51; on 10 Nov same read 1,782 points – minus eight… Another threshold was obviously lost… bye bye 1,700, but don’t lose hope…
The Panamaxes’ BPI fell on all three days: today the BPI stands at 1,165 points, down 35 since last Friday the 6th of November. On 9/11 the BPI was down nine points at 1,180, on 10/11 down 11 at 1,170…
Single digit losses for the Supras’ BSI now standing at 882 points, which is 19 points down since 6/11 when the BSI stood at 901 points. Minus nine on the 9th (893), minus eight on the 10th (888)… resulting to the loss of the 900 points threshold…
The Handies’ BHSI looks grounded; today same stands at 584 points – alas, a positive ACE! Last Friday same stood at 583. For two days, 9/11 and 10/11 same was stuck at 583 points!!
So all in all a downwards heading Dry Market, save some positive hiccups… CAUTION!
The Wets remain low; the last published BDTI (Dirties) and BCTI (Cleans) stood at 407 – plus two and 326 – no change. The difference from last Friday was four points plus for the Dirties (from 403), and plus 17 for the Cleans (from 309). On 9/11 the Dirties stood at 403, no change, on 10/11 at 405 – plus two… The Cleans on 9/11 stood at 316 – up seven, on 10/11, 326 – plus ten. Overall we are dangerously at very low levels… CAUTION.
The WTI rose to US$ 41.45 from US$ 37.40 last Friday the 6th of November and that’s bad news for the 7.7 billion people’s well-being on Planet Ocean. The WTI M U S T remain below the US$40 mark! On 9/11 same stood at US$ 40.29, on 10/11 at US$ 41.36… CAUTION!
Are you planning newbuildings/ if yes, go sensibly ahead! Autonomous tonnage will soon be with us….
On the Geopolitical front, still the MIGRANTS maintain the lead as the most important issue. And it is not just what we pound you every day on with the Med and Aegean Seas incidents; in the English Channel just in a day we had six boats carrying 159 MIGRANTS whilst the French Authorities managed to stop 30 !!! Now, make a note as over 7,915 MIGRANTS made it in more than 600 boats this year!!!! So: We need here and now a Coast Guard Force supported by EU and NATO Navies to create Naval Blockade on all known trafficking regions in Europe. END of the sorry Story!
Turkey still maintaining an aggressive policy; CAUTION as everything is possible with president Erdogan and his cronies. Add the financial mess and resignations and see what you get… from the sick man of Europe!!!
Armenia, Cyprus, Greece, Syria and the periphery countries feel not just being bullied by Turkey, but also see that the EU and NATO take sides. CAUTION!!!
BREXIT still in limbo for both sides in the English Channel. There are global consequences too…
Still a messy Europe and in particular the European Union which we urge to get its act together…
France and Austria too try to alleviate the latest situ following the late acts of Terrorism.
Whatever happened to the USA Presidential Election’s final result? … Planet Ocean needs to see who is the winner, who will occupy the Oval Office. At 279 vs. 217 and three more states due to announce their results, wonder what’s next. President Trump might pursue and challenge everything all the way in courts…. President-elect Joe Biden moves forward choosing his team… Let’s see…
China continues flexing its muscles but cannot match that of the USA! Indeed we are going to witness some mess in South China Sea… Add Taiwan and see what you will get…
Japan, as always, is closely watching everything in order to protect its vested interests.
Putin’s Russia has its own agenda on all issues for Planet Ocean and as mentioned recently, it is worth to follow up Russia and in particular Sergey Lavrov’s foreign policy methods AND tactics…
In the Sub-Continent, India and Pakistan might upset us all… The latest tensions among these two nuclear neighbors might lead even to a conflict and who will guarantee that they will not use their short-range nukes???
Central and South Latin America in total financial mess…
Africa MUST get all the assistance we can give and help this rich continent have a better future for its 1.5 billion people.-
The Coronavirus Covid-19 anathema spreads and soon might spread uncontrollable. As for the vaccines, a well-planed operation is needed and we hope Intermodalism works. The distribution of the vaccine is one thing, its reliability yet another… Indeed time is of essence but clinical tests are paramount. Remember: if you don’t do it excellent, don’t do it at all !
Let us continue to be brave – all of us, disciplined – the public and responsible – the politicians.
Have a nice evening 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 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…
