Home MarketsChartering Dry euphoria with the BDI@3,053; Wets going through a mid-life crisis. Expect jeopardy in Geopolitics with Coronavirus calling the shots.

Dry euphoria with the BDI@3,053; Wets going through a mid-life crisis. Expect jeopardy in Geopolitics with Coronavirus calling the shots.

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Dry euphoria with the BDI@3,053; Wets going through a mid-life crisis. Expect jeopardy in Geopolitics with Coronavirus calling the shots.

John Faraclas

The BDI (Baltic Dry Index) gained 46 points since yesterday and now stands at 3,053 points. On a weekly basis same was up 263 points – from 2,788 last Friday the 23rd of April 2021… We expect total mess in Geopolitics and nothing can stop the coming developments. Coronavirus rules the waves. John Faraclas’ daily and weekly recaps:

The Capes continued to be the driving force; 122 points plus today brought the BCI at 4,896! On a weekly basis same was up 704 points conquering the 4,200 to 4,800 points thresholds; simply: u n p r e c e d e n t e d!

The Panamaxes gained 29 points and now the BPI reads 2,672; on a weekly basis the gains were 42 points – from 2,630 last week.

A bit of a hiccup with the Supras’ BSI now at 2,144 – minus seven points. On a weekly basis the Supras were up 59 points – from 2,085 last week going over and above the 2,100 points threshold.

Four points plus for the Handies’ BHSI now at 1,145 points. Weekly gains 53 points – up from 1,092 and well done as the 1,100 points threshold was conquered.

On the antipode the Wets going through a mid-life crisis. The last published BDTI (Dirties)  and BCTI (Cleans) stood at 606 – plus one and 469 – minus one points respectively. On a weekly basis the Dirties were up two points from 604 but the Cleans were down 15 – from 484… CAUTION.

The WTI, as these lines are written, reads US$ 63.42 which down US$ 1.59 since yesterday’s closing at US$ 65.01. On a weekly basis the WTI was up US$ 1.28 (US$ 63.42-US$ 62.14=US$ 1.28). Ultra caution should be observed… The 7.7 billion people cannot afford a penny above the US$ 39.99 mark; end of the story…

Reverting with Geopolitics on the first update…

The Coronavirus media fiasco with the Vaccines, “takes” me back 90 years ago in 1931 and how Stanley Baldwin attacking the popular press  for not being  newspapers but propaganda machines: “What the proprietorship of these papers is aiming at is power, and power without responsibility”…

Reverting with a full run down on Geopolitics and Covid; until then have a nice evening,  weekend, Bank Holiday and for the Christian Orthodox World a Happy Easter 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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