Home MarketsChartering Falling Markets, Geopolitical and Coronavirus mess rules…

Falling Markets, Geopolitical and Coronavirus mess rules…

John Faraclas by GTP

The BDI (Baltic Dry Index) lost nearly 100 points (92 to be precise) and now stands at 2,596, losing the 2,600 points threshold; on a weekly basis same was down 273 since last Friday the 21st of May 2021 when the BDI stood at 2,869… Disaster for the grounded Wets. Geopolitics and Coronavirus coupled with the worse ever Recession rule Planet Ocean. John Faraclas’ daily and weekly recap:

The Capes’ BCI was the main loser with minus 279 points standing at 3,089 and a disastrous week by losing 841 points and all the thresholds from 3,930 down to 3,100. What’s up then…?

Strangely enough the Panamaxes were up with BPI at 2,760 points – up 25. The weekly though result was minus 95 points – from 2,855 points losing also the 2,800 points threshold.

A good week for the Supras until today when the BSI lost 16 points and now reads 2,504. Plus 96 from last Friday when same stood at 2,408   surpassing though the 2,500 points threshold!

Minimal rise for the Handies BHSI now at 1,343 – up two points. On a weekly basis the BHSI was up 26 points – from 1,317….

All in all a strange, volatile, uncertain Dry Market but still buoyant – as long as the BDI remains above the 2,000 points threshold. In the last 13 years (2008-2021) we have seen almost everything…

Containershipping is doing well; cross your fingers…

Disaster for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 604 – minus one and 509 – plus three points respectively. On a weekly basis the Dirties were down 11 points-  from 615 and the Cleans were down 29 – from 538 points respectively (21 May 2021)… Ultra caution should be observed; a very odd situation and many talk of an upcoming surprise… Watch this space…

The WTI fell 53 cents since yesterday and now stands at US$ 66.32. On a weekly basis  same was up US$2.74 (from US$ 63.58 on 21 May 2021). We reiterate the view, the most pragmatic and viable one, that same shouldn’t be a cent above the US$39.99, otherwise expect the social bubble to burst…

As a general message and given the worse ever Recession and the 2020, 2030 and 2050 Environmental M u s t Change and Protection, we are inclined to opt here and now for the alternative sources of energy which automatically leads us to newbuildings; end of the story! I will be manna from Heavens for all, despite the fact that Shipping will become Shipping for the very few…

On the Geopolitical front MIGRANTS, Turkey, China and Finances – are the most important issue and will revert in the first update. Good News from the USA were president Joe Biden in his first annual budget is expected to announce the release of a US$ 6 (six) trillion. What a spending plan with high taxes too for the very and ultra rich. More on this soonest.

The Coronavirus anathema not only continues to create havoc all over Planet Ocean, but also new strains appear…

More news in Geopolitics and Covid-19 in the first update…

Have a nice evening and weekend –  for some have a nice Bank Holiday on Monda 31 May, 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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