Home MarketsChartering The BDI@2,881 – Dry euphoria continues; Wets grounded. Geopolitics and Coronavirus will rock the boat.

The BDI@2,881 – Dry euphoria continues; Wets grounded. Geopolitics and Coronavirus will rock the boat.

by admin

The BDI@2,881 – Dry euphoria continues; Wets grounded. Geopolitics and Coronavirus will rock the boat.

John Faraclas

The BDI (Baltic Dry Index) continued its mild but steady surge with 81 points plus since yesterday’s 2,808 thanks primarily to the Capes’ BCI which surpassed the 4,500 points threshold! Stagnation with the enigmatic Wets. Geopolitics still messy and Coronavirus still uncharted waters… John Faraclas’ brief daily recap:

Once again Capes’ BCI lifts the Dry Market in most categories and hopefully we might witness an upturn for the falling Panamaxes.

The BCI was up 254 points at 4,516 surpassing the 4,300 to 4,500 points thresholds…

The Panamaxes’ BPI lost 36 points and now reads 2,550 – hope for its upturn…

The Supras’ BSI was up 21 points at 2,129…

Nine positive points for the Handies’ BHSI now at 1,113.

So, all in all a very buoyant Dry Market; cross your fingers…

The Wets with no change, grounded at 603 (Dirties) and 471  (Cleans) points respectively. CAUTION…

The WTI was up US$ 1.03 since yesterday and now reads US$ 62.94… Terrible!

In the Geopolitical front things remain the same…

MIGRANTS… messy again

Turkey overstaying its welcome… will face the bells… Too much bulling of its neighbours… but after president Biden’s announcement that there was a genocide against Armenians and other measures the US takes, time is running out not just for president Erdogan but for Turkey as a nation…

The US policy in Syria changes and expect multiple of swifts in the region…

Cyprus’ long standing issue still remains… Germany and the EU must stop this despicable double game against the island. Unification the only viable solution..

The Med is on fire in more issues… Things might see financial chaos in Spain, Italy and Greece…

Hiccups in France as some retired generals and other officers expressing anger with Islamists face punishment – a serious issue might enfold; watch this space!

BREXIT’s issues still on…

The EU must get its act together…

Watch out the way Russia tackles the Ukrainian issue… very clever…

At the other side of the Atlantic – north: the main news is that president Biden works his program

Central and South Latin America: C A U T I O N.

At the Pacific Basin China MUST understand that the USA will NOT tolerate Chinas’ advancements and expectations for a “Yellow Pacific Ocean”…

Africa needs help to stands to its feet and for Zeus sake: stop the proxy wars there..

No major changes in Australia…

More news tomorrow.

The Coronavirus Anathema continues and Governments all over Planet Ocean MUST monitor / observe if protocols are performed, otherwise expect mess. In our humble view, we categorically believe that we must learn to live with COVID and an annual Vaccine will be there for the foreseeable future… we might even “see”  more virus’ appearing… This will create more than Chaos to the Global Economy and make QE look like a kindergarten…

Have a nice evening,  and 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 over US$ 300 (three hundred) trillion…

You may also like

Leave a Comment