Home MarketsChartering Panamaxes’ fall “brings down” the BDI@1,323; mixed Wets, messy Geopolitics and Coronavirus’ mess continues…

Panamaxes’ fall “brings down” the BDI@1,323; mixed Wets, messy Geopolitics and Coronavirus’ mess continues…

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Panamaxes’ fall “brings down” the BDI@1,323; mixed Wets, messy Geopolitics and Coronavirus’ mess continues…

John Faraclas

The BDI (Baltic Dry Index) was down two points since 18/12 and the game is still on. Geopolitics and Bankruptcy will determine how Shipping proceeds further. COVID-19 and its “derivatives” make waves. John Faraclas brief daily recap on the smallest day of yet another annus horribilis:

Capes’ BCI was up 17 points but couldn’t halt Panamaxes’ fall to save the day. At 1,819 the BCI looks safe…

Panamaxes continued fall raises eyebrows; the BPI stood at 1,377  – minus 25 and losing the 1,400 points threshold…

Minor losses for the Supras’ BSI now at 1,054 – minus three.

Handies’ BHSI managed to remain at 678…

Once again mixed feelings for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 461 – up five and 399 – minus seven points respectively with the loss for the Cleans of the 400 points threshold… CAUTION…

The WTI was down US$ 2.08 since last Friday the 18th of December 2020 and now reads US$ 47.91; good news. We need another eight dollars down!!!! CAUTION!

Geopolitics turn sour; nothing much changed over since last Friday. 32 years ago today the Lockerbie terrorist attack took place with 35 dead on the ground being Scottish Lockerbie residents and 270 passengers – 190 being Americans. There were Greeks too and have followed closely the events. Another Libyan terrorist was recently found  and let’s see what happens next… An atrocity to remember and never give in unless and until we have all clues and facts AND inhumane participants / conspirators… on the dock…

Coronavirus becomes a threat despite Vaccines ante portas; in UK the new COVID variant cause universal concern… 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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