John Faraclas
Red Alert with the BDI@1,124; Geopolitics still perplexed and Coronavirus will turn things upside down…
The BDI (Baltic Dry Index) lost 17 points since yesterday. The Geopolitical situation smells fire… Covid-19 might become uncontrollable. John Faraclas’ brief daily recap:
Capes’ BCI lost 63 points and now read 1,550 losing also the 1,600 points threshold.
All other indices on the up; the Panamaxes’  BPI was up a doze points and now stands a 1,177…
The Supras BSI clinched two points and now reads 884 and the Handies’ BHSI earned another Ace!!!
So, all in all, contained losses and ultra CAUTION should be observed…
A bit of a good day for the ailing Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 413 – plus six and 333 – plus seven points respectively!
BREXITÂ was down a bit a US$ 40.78 and might fall even further.
BREXIT might cause issues in Shipping and we have an interesting account by VesselsValue. BREXIT Chaos: to Roll-on or Roll-off?
Essentially, freight capacity has been bought by the UK Government for the first 6 months of 2021 for vessels to call regularly into Felixstowe, Harwich, Hull, Newhaven, Poole, Portsmouth, Teesport and Tilbury as a hedge against likely congestion at gateway Dover and a hard Brexit. However, with all of Europe likely to be grappling with suppressed demand from Covid-19 for the best part of 2021, combined with an impressive armada of newbuild deliveries confirmed to hit European waters over the next 24 months – was it really necessary – noting the UK is the number one demand market for straight ramp RoRo trade?
Click here for the full article.
Geopolitics still the same as Planet Ocean awaits the finale on the USA’s president following the 3rd of November elections.
Coronavirus spreads uncontrollably…
More news tomorrow with our Weekly Recap; until then 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…
