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Market vibrations; geopolitical mess and Coronavirus advances further.

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Market vibrations; geopolitical mess and Coronavirus advances further.

John Faraclas

Fresh Dry and Wet ups and downs, vibrations per tonight’s title, rule the Market scene amid perplexed geopolitics within a Coronavirus spreading scene coupled with curfews. John Faraclas midweek recap:

The BDI gained 23 points since yesterday and now reads 1,296 – very close to the 1,300 points threshold. The rise was lower than yesterday (38 points plus) due to lower Capes gains and “negative” reaction from the Panamaxes…

The Capes’ BCI was up 84 points surpassing the 1,600 points threshold and now stands at 1,667…

Minus 25 points for the Panamaxes with the BPI reading 1,466… It was expected as yesterday the six points plus lead to today’s fall; simply NO steam… CAUTION!

The Supras’ BSI clinched eight points – same as yesterday and now stands at 1,054

An ace for the Handies’ BHSI now at 675 points!

The Wets “classic” continues with mixed feelings; the last published BDTI (Dirties) and BCTI (Cleans) stood at 439 – plus four and 424 – minus seven points respectively…

The WTI as these lines are being written stands at US$ 47.83, which is 26 cents higher since yesterday’s closing… C A U T I O N!

In the Geopolitical arena things get worse; for a start: The MIGRANTS, an issue for which we are responsible with the politicians showing the best apathy, as indeed they ostracise… Remember: MIGRANTS will turn boomerang against the rotten political establishment! The role of man NGO’s MUST be scrutinised and this applies wherever we have MIGRANTS – USA/Mexico, the Med, the Aegean…

The situation in the faulty line Gib to Afghanistan and from the Caucuses to the Horn of Africa continues to deteriorate with Turkish president Erdogan and his backers as defiant as ever. The EU fails to see what is just for the Libyan mess, the Aegean, East Med, the Balkans and the Middle East including the southern Caucuses conflict between Armenians and Azeri over Nagorno-Karabakh. The latest meeting was a parody and one day German led EU will pay a hefty penalty over supporting Turkey. Good to read that the USA administration, even in the dying moments of president Trump term imposes sanctions. It is about time Turkey EXITS from NATO as well as the EU completely cuts off Turkey from any further discussion vis-à-vis an issue concerning the EU. We all had enough.

BREXIT continues to make waves… Is it feasible for a solution before the New Year? I doubt it…

The EU itself is in a mess and Poland and Hungary are an example…

The Middle East too is in limbo…

At the other side of the Atlantic and in particular in the USA, things become more streamlined than expected… There is hope the Biden will change things for the better, otherwise the American dream and hegemony will be in severe trouble…

China remains an issue for the USA in all fronts. CAUTION.

More Geopolitical news tomorrow.

The Coronavirus anathema produces more uncertainty and extension of lockdows; call it curfews!

Many cannot trust the Vaccine… and it remains to be seen how many will do it and the results for the long and sort term… Life is changing… CAUTION…

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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