Home MarketsChartering Midweek Market and Geopolitical blues whilst Coronavirus advances further…

Midweek Market and Geopolitical blues whilst Coronavirus advances further…

John Faraclas by GTP

The BDI (Baltic Dry Index) managed to clinch seven points and now stands at 1,425. On the Geopolitical front, the events at the Capitol might polarise America and hope the cool minded American lawmakers save the day. Coronavirus: a real anathema. John Faraclas’ brief midweek recap:

The volatile Capes’ BCI was down a dozen points and now reads 2,087…

41 plus points for the Panamaxes’ BPI now at 1,463…

No change for the Supras’ BSI; at 1,022 look safe…

Down four points for the Handies’ BHSI, now reading 662…

Expect dry volatility triggered by the Capes.

Mixed feelings with minor changes for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 533 – down seven and 433 – plus one points respectively.

The WTI still above the US$ 50 mark at US$ 51.40

On the Geopolitical front, it comes to no surprise to us the events at Washington’s Capitol late tonight GMT by president Donald Trump Republican “supporters”. Very simply, this President has taken Democracy a huge step downward. His behaviour fed this horrid series of events. He put his country to sleep with historically low unemployment and an ascending economy. His gross mismanagement of the Coronavirus Covid-19 crisis has cost the American people many thousands of lives and hardships to millions of American families. The mismanagement of the Covid crisis and rudderless leadership has permanently impacted the citizens he swore to protect. Good riddance! What an Epiphany to remember…*

All other issues remain the same and in particular:

Turkey’s Erdogan despicable aggression coupled with the traditional Turkish blackmail against all of his neighbours – Armenians, Cypriots, Greeks, Iraqis, Kurds, Libyans, Syrians to name but a few… Add the vested interests of EU traitors in Brussels and see what you get. We are inclined to use this language to awake people before the shit hits the fan! By the way: one has to check thoroughly why the United Kingdom opted for BREXIT! Can you imagine Italy following the British “example”, quitting the EU… eh!!! It can be possible…

A big CAUTION on the EU and let’s see how Portugal runs the show until the end of June… followed by Slovenia…

And what happens after Frau Merkel leaves in Autumn?

MIGRANTS continue to be the most crucial issue and many, like Erdogan, use them via exploitation as a bargaining tool in his tactics with Brussels (EU) and NATO…

Mind the Middle East and the rising tensions between Israel and the Palestinians – wonder what’s Biden’s plans…

CAUTION on Latin Central and South American – civil unrest might begin from there and Europe bringing back memories of the Great Depression and a spill over…

The Global Debt now approaches US$ 300 trillion… Recession gets worse… Wonder who can save the Economy stupid…

China plays a very dirty game by flooding the consumer’s markets with low priced products causing hardship and bankrupt economies… CAUTION… China will do / create a stand-off with the USA in South China Sea and will upset also other nations in the Pacific Basin including, mainly Australia.

Taiwan will also be at the forefront…

All in all the power-play between the USA and China will become awful on a global scale

Africa in tatters with corruption being the number one issue… Ultra CAUTION should be observed..

We can see eyebrows in the Sub-Continent…

Australia will be on a better path, save the Chinese issues…

Expect as we said a big Reboot or a best a big Reset in 2021. We predicted that 2020 will be the Year of Reckoning, and it did happened.

Our Shipping Business will be directed to become Shipping for the very, very, very few… New Ships will change everything… plus Geopolitics…

Coronavirus spreads and wonder when we shall see the expected good days for humanity given the perplexed vaccine’s progress vis-à-vis production, distribution, logistics, effect of first round etc, etc… Not a nice situation; hope we are wrong…

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$ 300 (threehundred) trillion…

*What an Epiphany to remember…

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