Home MarketsChartering The fall continues with the BDI losing the 1,200 points threshold. Still explosive Geopolitics with COVID about to be “tackled”… Exploitation triumphs…

The fall continues with the BDI losing the 1,200 points threshold. Still explosive Geopolitics with COVID about to be “tackled”… Exploitation triumphs…

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John Faraclas

The fall continues with the BDI losing the 1,200 points threshold. Still explosive Geopolitics with COVID about to be “tackled”… Exploitation triumphs…

The BDI (Baltic Dry Index) lost a dozen points and now stands at 1,186; Geopolitics can’ be “cool”. CAUTION. Unprecedented exploitation with Coronavirus and its Vaccine. John Faraclas brief recap:

The Capes’ BCI was down six points at 1,480…

Panamaxes’ BPI down 34 at 1,345…

Supras’ contained fall with the BSI at 1,015 – down four points…

Handies’ BHSI up four at 663; you don’t have to be big to be beautiful…

The Wets more …relaxed with the normal ups and downs; the last published BDTI (Dirties) and BCTI (Cleans) stood at 445 – up one and 351 – down three points respectively.

The WTI was up 75 cents and now reads US$ 45.66. A worrying figure. A big CAUTION here as it might affect us all…

On the Geopolitical front things are more than explosive…

MIGRANTS, Turkey’s provocative behaviour might rock Peace to a global extend, not just regionally…

BREXIT in limbo; let’s see the last ditch from both side of the Channel…

USA’s President-elect Joe Biden works hard to have the best possible Administration in place and rumors have it he will insist on a 100 days …”course” for the American people to wear MASKS as same protects and conversely reduces COVID! Meantime, as expected, Dr. Fauci apologised for his comments on the British Vaccine… Indeed we see a gross exploitation from all in producing the vaccine. Companies under the “auspices” of WHO should had converge!!!

More news tomorrow with our Weekly recap and stay tuned for Virtual Greek Shipping Awards 2020  at 18:30 Athens time this coming Friday the 4th of December; log on: www.greekshippingawards.gr

Ensure you STAY SAFE now that some countries have lifted lockdowns. The Festive Season is one thing, life yet another and far more important!

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$ 280 (twohundredandeighty) trillion…

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