Dry Market in tatters, Wets “re-surface”, Geopolitics focused on the USA’s presidency whilst Coronavirus’ makes waves…
The BDI (Baltic Dry Index) lost nine points since yesterday and 81 since last Friday the 6th of November and now stands at 1,115. I guess by now we have a new President in the USA and Planet Ocean but let us see how he tackles the Coronavirus anathema which ruins Global economy. John Faraclas daily and weekly recaps:
This overall BDI loss of 81 points from last week’s 1,196 points, clearly prepares the industry for a possible under the 1,000 points threshold level, which will be detrimental amid a pandemic engulfed by the worse ever recession…
The Capes’ BCI was down 43 points and now stands at 1,507 – a whisker away from the 1,500 points threshold. The weekly losses? A terrible three digit figure: minus 232 points from 1,731 (06/11). CAUTION…
Balanced Panamaxes managed to “survive”. The BPI gained 21 points and now reads 1,198 points… The weekly gains figure though was minimal; just eight points plus, up from 1,190… Cross your fingers…
No change for the Supras’ BSI still at 884; on a weekly basis though the loss was 17 points – down from 901(06/11)…
Minor changes, thanks to Posidon, positive for Handies’ BHSI now at 586 – plus one! The weekly gains stood at three points plus (from 583 last week).
On the antipode the Wets both improving; the last published BDTI (Dirties) and BCTI (Cleans) stood at 425 – plus 12 and 337 – plus four points respectively. The weekly count was even better; the Dirties gained 22 – from 403, the Cleans 28 – from 309…
The WTI at US$40.12 pauses dangers – being above the US$40 mark is always an issue. Last week the WTI stood at US$37.40 and all looked fine….
On the Geopolitical front MIGRANTS remain the real number one issue, verbatim per our last week’s note, as well from our daily recaps.
The next issue which obviously attracts all all over Planet Ocean is the USA’s election result. President Trump might come over the weekend and refuse to concede although Joe Biden won and he knows this more than well. We will not rule out any upset despite the fact that all of Mr. Trump’s allegations of a rigged election have no leg to stand. I guess as these lines are being written that Biden is now safe at 303 to possible 306 college votes versus 230 to 232 to president Trump… The important issue is that Biden got the 270, the magic number if you like it and that’s all. As we have said on canvas, it doesn’t matter in a deep down divided USA who wins; what matters is COVID and the Economy AND the fact that whichever the Administration, same should NOT abandon World Politics as if they make this grave mistake, expect a major catastrophe all over Planet Ocean.- You all know how we end our Recaps every night, now this is important as we have reached a point of no return… Things will NOT surprise us, but will surprise you: You might see in the coming year, 2021 clashes in many cities in the USA; you might see the Financial Markets in disarray with a possible collapse of a couple of major bourses – one might be in the USA… It will be another year of discontent, another annus horribilis with Banks, Currencies and Markets including the Shipping Markets collapsing… Expect an upheaval. Expect mess in the streets of Paris and elsewhere… New Socialism ante portas… Most likely we might have to rebut all over Planet Ocean, as if we reset, we will definitely fail. A fresh beginning is a MUST. After 2021 we will see slowly a new, a better World… Remember, we predicted that 2020 will be the year of reckoning and it did.-
In Europe the mess continues and we might see in Paris, as said above, a big mess following demos…
BREXIT still no solved… C A U T I O N!!!
The faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa gives more earthquakes and tsunamis…
The forthcoming visit of Turkey’s president in Famagusta, Cyprus over this weekend, will ignite further animosity in the region.
Greece is closely watching all of Turkey’s illegal actions in the region… Now, read carefully: Turkey accuses Greece of violating its airspace; what a palaver, what a lie! The Turks spread news around the world, but all are unfounded claims… The UN must intervene to halt this propaganda, as in 2020 we have the technical means to know who violates whom. Grow up gays! Turkey’s backers should shut up! Enough!
And what about this latest Armenian massacre…
In the Pacific Basin, China continues to flex its muscles but cannot match that of the USA! And Japan is closely watching. RCEP – the Regional Comprehensive Economic Partnership will shortly be signed, in a few hours and excludes the USA as president Trump pulled out the USA – a grave mistake… Known as the PPT, same was abandon when he took office…
All other regions remain per our last week’s report (06/11) and we are concerned over Erythrea and Ethiopia…. NOT another war there…
Coronavirus, not only make waves as we predicted, sooner or later we might witness a total Lockdown as fatalities are on a dangerous rise!!!! Super business for the Vaccine’s makers… Let’s see the end result… but mainly when vaccination begins…
On another tone and note the Seatrade Maritime Review is just out marking the 50th anniversary of this magazine with Themis Vokos’ founding of Seatrade itself, with chairman Chris Hayman providing a full historical account of the company’s subsequent evolution. Congrats to all our friends there; an excellent publication for a world acclaimed and highly respected media entity!
Viewers can download it and read the entire anniversary issue.
Enjoy the read!
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 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.-
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Uploaded: 23:45 GMT
Updated: 23:58 GMT
