December First 2020: Market hiccups; CAUTION. Geopolitics despicable whilst COVID-19 spreads. The Vaccine please!
The BDI (Baltic Dry Index) lost 16 points and now stands at 1,211 – a bad start …debut for December Markets… On par with the dropping Markets, the Geopolitics, and do not be surprised if you see extended hostilities… The Vaccine for the Coronavirus anathema seems ready; let us witness its effectiveness… John Faraclas’ brief recap:
The Capes’ BCI lost the 1,500 points threshold and now read 1,487 – minus 35!
The Panamaxes BPI is about to lose its 1,400 points threshold – now at 1,410 – minus 17…
The Supras “sustained” losses were single digit ones; the BSI was down to 1,020 – minus two…
Hooray Hooray, the Handies’ BHSI was up four and now reads 658 points!
Brace as uncertainty and volatility, particularly this time of the year, is not that good…
Containerships “feeling” better. Cross your fingers… as the USA – China trade relations might be the catalyst for a fair Box Trade…
The Wets on a falling mode; the last published BDTI (Dirties) and BCTI (Cleans) stood at 344 – minus seven and 455 – minus three points respectively..
The WTI fell from US$ 45.22 to US$ 44.28 with father fluctuations in the horizon; all in all same MUST go under the US$ 40 mark to alleviate 7.7 out of 7.8 billion people on Planet Ocean during a continuing Recession, Credit Crunch assisted by the Coronavirus’ anathema! Nobody likes to witness an ecumenical social upturn…
The Geopolitical scenery is very heavy and expect a Tempest beyond the Shakespearean one…
MIGRANTS moving everywhere with increased fatalities, particularly in Europe – the Aegean Sea with the Greek Islands full… Then comes West, Central and East Med… Now you can understand why we demand to see a Naval Blockage with a Mandate and Rules of Engagement in all vulnerable areas.. An issue we repeat for seven ears now! Wake up before it is too late.
The faulty line from Gib to Europe and from the Caucuses to the Horn of Africa will soon become more than mess with Turkey’s president Erdogan wishing to jeopardise the entire region further. Expect hostilities.
BREXIT will be a big test for all involved…
As we have mentioned numerous times: the European Union must get its act together! It is about time as if not a Third World War might cause tremendous damage, particularly to those who introduce it…
At the other side of the Atlantic, we are seeing slowly slowly a prep for a new administration. Everybody must know he can be a looser, everybody knows how he looses… A business president like Donald Trump must accept the inevitable, particularly when, as we recently wrote, shoots his own feet! We eagerly await 78 ear old Joe Biden’s term begin on 20 January. I might go and interview him live in the Oval Office!!! As per John F. Kennedy’s Book, “The Brave ones” – where he says: “never fear to negotiate”, AND president-elect Biden never lost his way with life to “negotiate” his entry and occupancy of the White House’ Oval Office! His attempts paid off!!
Let us see the USA – China relationship in its entirety and for sure how he handles the Russian Bear… He MUST unify the USA with Europe NOW!
Central and South Latin America in limbo… Africa too.
CAUTION for the Sub-continent.
CAUTION should be exercised between Australia and China too…
AND Japan is as always closely watching!
On the Coronavirus (COVID-19) issue: Ensure adequate clinical tests promise easing down and a slow even containment of this pandemic… Indeed, THE VACCINE please… We hope close to the end of 2022, repeat 2022, things might move better… I am optimistic but a pragmatist too!
On another tone and note we are now focused on the Virtual Greek Shipping Awards 2020 this coming Friday the 4th of December…
Thereafter, the GIWA awards results.
Get ready for the Festive Season and remain Disciplined and Responsible!!! A very unusual feeling but Christmas Vibes are here, Even Virtual Ones!!
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$ 280 (twohundredandeighty) trillion…
