Home MarketsChartering Dry Market falls further; Wets follow suit. Explosive Geopolitics whilst Covid spreads further

Dry Market falls further; Wets follow suit. Explosive Geopolitics whilst Covid spreads further

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Dry Market falls further; Wets follow suit. Explosive Geopolitics whilst Covid spreads further

John Faraclas

The BDI (Baltic Dry Index) lost 62 point as well as the 3,100 point threshold and now stands at 3,077. Wets don’t have any strength whatsoever. The explosive developments in the Middle East are beyond concern… Fears for the Tokyo Olympic Games – let’s hope not. John Faraclas’ brief daily recap:

The Capes’ BCI lost 160 points  as well as the 4,600 and 4,700 points threshold and now reads 4,549… Wonder what’s next…

Panamaxes too were down 60 points with the BPI at 3,017…

Gains as per yesterday’s …“pattern” for the Supras’ and Handies; the BSI was up 14 and the BHSI 18 at 2,283 and 1,259 points respectively…

Lucky all those who managed to fix on period, some with nearly double rates from last period charters…

The Wets fell; the last published BDTI (Dirties) and BCTI (Cleans) stood at 610 – minus three and 501 – minus six points respectively… Wonder what’s next…

The WTI lost – thank the Olympian Gods, US$ 2,26 and now stands at US$ 63,82. Need per mare per terra to see same at a max US$ 39.99 – end of the story…

On the Geopolitical front still MIGANTS and the latest Middle East eruption will devastate Peace in a wider region than envisaged before by all those who call the shots. We have warned you years now in some of our daily coverage.  Part of the Fault Line from Gib to Afghanistan and from the Caucuses to the Horn of Africa, the Israeli – Palestinian conflict if this time gets off hand/control will become a regretful issue damaging humanity for decades to come. Just stop it. Both sides go beyond even war’s norm and one day there will be what we call here a mutual inhumane revenge. Just stop it. Outside factors supporting both sides MUST come down to their senses before they also come down to their knees.  We do not see real acts leading to Peace. Religion MUST respect human life!!! E N O U G H.

If hostilities spread, Shipping and Trading will be affected not to mention forthcoming acts of Terrorism – you dead well know what I mean.

Otherwise, Geopolitics issues remain mainly unchanged:

Turkey continues silently – dubiously to stir up Peace in the 1,500 miles radius region from its frontiers – Black Sea, Balkans, Central and East Med – incl the Aegean, south Caucuses (Armenia-Azerbaijan)  and eyes the Middle East in support of the Palestinians and Muslims in the region. Still pesters Syria and Northern Iraq with the Kurds there…

Europe is in a total mess…

China still insisting in the South China Sea and around Taiwan. The USA watches closely…. CAUTION.

Mind Inflation and the US Dollar. Be alerted twice with the current Recession… Things might turn sour combined with the Coronavirus pandemic…

Caution on the spreading Coronavirus Anathema. India in taters… Remain discipline…

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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