Home MarketsChartering Hooray, the BDI@3,007; Wets smile. Geopolitics still messy with Covid spreading…

Hooray, the BDI@3,007; Wets smile. Geopolitics still messy with Covid spreading…

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Hooray, the BDI@3,007; Wets smile. Geopolitics still messy with Covid spreading…

John Faraclas – a pre-Covid picture

What a day eh! With 50 points plus surpassing the 3,000 points threshold the BDI creates a promising Dry market environment which looks likely same might survive the current summer deep and existing Recession. Coronavirus turns nasty… John Faraclas daily brief recap:

The Capes’ BCI was up 94 points at 4,774 – what a reflecting number eh! Surpassing the 4,700 point threshold…

The Panamaxes BPI surpassed the 2,600 points threshold and now reads 2,643 – plus 59!

The Supras too continue to enjoy a good market with the BSI at 2,151 – plus 11 points…

A “surge” for the Handies’ BHSI with 24 points plus, now standing at 1,14 points…

No complaints, the Dry Market weathers the storm…

At last a nice “surprise” for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 605 – plus one and 470 – plus two points respectively. Everything positive counts!

Bad news with the WTI up 92 cents since yesterday and now reading US$ 64.78… Difficult days lie ahead… CAUTION…

The Geopolitical spectrum remains unchanged…

The Coronavarious Anathema brings chaotic scenes in India; the entire subcontinent is on fire.  Remember the quote by Albus Dumbledore in J.K.Rowling’s “Harry Potter and the Goblet of Fire”? :  “Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.” – Try to interpret this on how to ackle the spreading pandemic…

More on Geopolitics and Coronavirus at the first update.

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…

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