Home MarketsStatisticsArctic Shipping Markets lacks steam amid sifting Geopolitical tectonic plates enhanced by COVID’s uncertainty… but hope is still here

Markets lacks steam amid sifting Geopolitical tectonic plates enhanced by COVID’s uncertainty… but hope is still here

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John N. Faraclas crossing the Millennium Bridge; picture by Anny Zade

Markets lacks steam amid sifting Geopolitical tectonic plates enhanced by COVID’s uncertainty… but hope is still here

The BDI (Baltic Dry Index) was up nine points since yesterday and now reads 1,178.Geopolitics are about to be shaken irrespective who runs USA! COVID will be here with further mutations for the foreseeable future. Let us hope Vaccines alleviates the situation as Catastrophe is ante portas and few realise it. John Faraclas’ brief daily recap:

The Capes’ BCI was down three points at 1,447…

Panamaxes’ BPI was up 14 approaching the 1,400 point-threshold; at 1,398 feels “safe”.

“Rich” pickings for the Supras’ BSI now at 973 – plus 21 points!

Still on an upwards mode with further potential the Handies’ BHSI now at 613 – plus seven points.

Wets although still low managed a bit of an improvement; the last published BDTI (Dirties) and BCTI (Cleans) stood at 447 – plus ten and 372 – no change respectively…

The WTI was unfortunately up b US$ 1,81 since yesterday and now reads US$ 44.77. Ultra CAUTION should be observed.

MIGRANTS maintain the lead in Geopolitics as well as the forthcoming team of the USA’s Administration following the most turbulent elections so far. Can Joe Biden do it for the sake of his fellow Americans and the world at large?

Meantime we had some hiccups in the Far East involving a Russian and a US Navy ship challenging Moscow’s excessive maritime claims in the Sea of Japan. Add the USA’s claim in South China Sea and see what is coming up…

Nothing has changed in the faulty line between Gib to Afghanistan and from the Caucuses to the Horn of Africa… Expect both tsunamis and Yellowstone effect… The Balkans, the Aegean and Central / East Med with Turkey challenging everything  – add the Armenian and Azeri conflict over Nagorno Karabakh; the entire Middle East, Ethiopia, Eritrea, Kurdistan, Iraq, Iran… The Subcontinent…

BREXIT will test everybody’s patience and purse not just in the UK, but in Europe and beyond…

The EU MUST get its act together and this is the right time irrespective if the UK is sadly “leaving” thanks to German dominated Europe; a grave mistake and let’s see who will pay one day the damage…

Africa follows the Latin Central / South America modus… CAUTION.

Putin’s Russia maintains its own agenda trying to mitigate a possible Biden’s comeback… Japan is closely watching all developments…

One important issue is the USDollar which might cause frictions. The American Dream might come to an end unless Biden raises to the circumstances. You see money and wealth shifted from the many to the few and the few exported same abroad with hefty consequences for the American economy being now a champion and the culture of deep debt… It’s 92 years this coming January that we had in America (USA) the Great Depression and in my humble view we are already entering another one, a global one given the US$ 280 trillion Global debt. Money might become worthless and the “maxim” Cash is King” might be over. It’s Gold stupid!

In February 12 we are entering the Year of the Ox… Strange issues ahead left behind by the Rat…

For Shipping the great revolution begins now! Watch it, Adapt or else… Shipping for the few makes its debut… We have warned you long ago… AI will play a pivotal role and wind power might be the means… New ships, new technology with the eulogy of an oligopolistic environment… “Talking” about the word environment watch the Arctic ice loss which for sure will trigger global warming to an extend not calculated until now… Tourism  suffers and Maritime Tourism – save the Yachts, bottoms out. Billions wiped off. Airlines… a catastrophe and without state aid… All Airlines line up for money…

More views tomorrow; Tomorrow is another day.

The Vaccine, the Manna from Heaven, with too many strings attached sounds a bit complicated and as said recently (on canvas) exploitation is ante portas… Effectiveness will be another buzz word… For sure not everyone will respond well to any short of  Vaccine or to an cocktail of Vaccines irrespective of the grand plan with two sessions; antibodies might be the real Manna from Heaven leading to a possible and most welcomed immunity. Coronavirus (COVID-19) an anathema for all might continue for the foreseeable future and with its mutations will be another Flu case… Remain Discipline – this applies for all citizens and Responsible – this goes for the politicians respectively.

On another note and tone ensure you participate in as much as you can in Webinars and have your say.

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$ 280 (twohundredandseventy) trillion…

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