Do Shipping Markets gain substance with today’s mini rise? Perplexed geopolitics amid Covid-19’s uncertainty.
The BDI (Baltic Dry Index) gained 19 points since yesterday and now stands at 1,134. In the Geopolitical arena everybody is preoccupied for a certain war. Coronavirus anathema is teaching us the harsh reality. John Faraclas’ brief daily recap:
The Capes’ BCI was up 16 points and now stand at 1,430…
The Panamaxes’ BPI surpassed the 1,300 points and now reads 1,326 – up 35!
Supras’ BSI “finally” did it and it is now over and above the 900 points threshold at 915 – up 15!
Coming up and hopefully surpassing soon the 600 points threshold the Handies’ BHSI now standing at 598 – up five points!
So all in all the Dry Indices point upwards and hope is there.
Boxships do well; for a change, a reason to smile…
The Wets too, although still very low, managed to clinch some valuable points; the last published BDTI (Dirties) and BCTI (Cleans) stood at 437 – up six and 346 – up one respectively…
The WTI was up eight cents and now reads US$ 41.72. C A U T I O N!
Meantime we have the excellent Cruise Calendar from VesselsValue: :
Throughout 2020 we have been paying close attention to how COVID-19 has affected the Cruise industry. Now, as the end of year approaches, we’ve drawn up a timeline of the key data and events that shaped the Cruise calendar.
So where do we go from here? Tourism; in tatters… Maritime Tourism; a “fraction” better thanks to yachting..
Perplexed Geopolitics are here to stay and the Drums of War can be heard again; this time louder!
We hope that the extend post election day and week final result in the USA’s presidential election doesn’t bring a last minute surprise as many were puzzled by Pompeo’s trip in some European states and the Middle East. Be alerted but we hope you’ve got the message in our yesterday’s recap with respect an electoral system for all nations. Having over five million voters and yet being concerned in losing the election because of College votes is beyond anachronism, democracy and reality…
MIGRANTS on the rise… Ultra caution should be observed. Add that among MIGRANTS elements of ISIS are on the move… We have long warned you on this happening!
The ten spots on the faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa remain… and increase: Armenia, Azerbaijan, Cyprus, Greece, Turkey, the entire Middle East… Even Bulgaria and North Macedonia have issues… CAUTION!
BREXIT still outplays the odds… but let us see the finale…
Europe remains in tatters; we luck leadership in the EU. We desperately need a charismatic leader to take us forward with or without the UK. We must confront the USA and the East in its entirety. We MUST become Europe of 1900 !!! Read the book The Mighty Continent and you will see why!
Russia and China for their own vested interests have their own agenda; CAUTION!
Did I hear you say Environment? 2020? 2030? 2050? eh!
On the Coronavirus anathema the world of Science says the Vaccine might do the trick, but until it does we wonder how well logistics will work. We will be faced with a Herculean task… This is an enigmatic situation as, although Vaccines’ clinical trials, even in a hurry seem highly promising, will they be effective following its use? And what about immunity? How long same will last? A year, five years, ten years or indefinitely? And what about mutations? Being an optimist, I hope, if all goes well that by 2022, 7 (seven) billion people will be vaccinated in two doses. Add logistics and in the meantime the response of the public and the economy, an economy within the worse ever recession… are we going to return to a certain normality? Is there any population elimination “project” on, being also the worse case scenario? It’s already written on the wall… Finally, let us all be disciplined as citizens and our politicians responsible. We are at War, never ever forget this!!! Meantime we urge all to respect Seafarers and ease Crew Changes… Do on and off Lockdowns work? We are living in interesting times.
After all and given all the above, Shipping for the very, very, very few approaches…
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$ 275 (twohundredandseventyfive) trillion.-