Home MarketsChartering BDI: further losses; Wets falling too. Expect jeopardy in Geopolitics and mess with COVID-19 et al…

BDI: further losses; Wets falling too. Expect jeopardy in Geopolitics and mess with COVID-19 et al…

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BDI: further losses; Wets falling too. Expect jeopardy in Geopolitics and mess with COVID-19 et al…

John Faraclas by GTP

The BDI (Baltic Dry Index) lost 38 points since yesterday and now stands at 2,530 with Capes’ BCI suffering another triple-digit loss… Wets might cause an upheaval despite soaring oil prices… Geopolitics for strong nerves whilst Covid-19’s mess and uncertainty continues; John Faraclas’ midweek brief recap:

The Capes’ BCI remained the culprit of the BDI’s fall. Minus 156 points and now stands at 2,862…

Panamaxes’ BPI “surges” with 54 points plus, now reading 2,855 points…

A point up and a point down respectively for the Supras’ and Handies’; the BSI at 2,456 and the BHSI at 1,338…

We all hope that the present Dry Fall is a seasonal one as same more or less happens in the end of Spring beginning of the summer, but…

Wets dive marginally; the last published BDTI (Dirties) and BCTI (Cleans) stood at 595 – minus three and 511 – minus five points respectively… CAUTION!!!!

The WTI was up US$1.11 since yesterday and now reads US$ 68.83… Wrong soaring… Watch this space!

In the Geopolitical arena, MIGRANTS remain the number one issue…

The situ in the faulty line from Gib to Afghanistan and from the Caucuses to the Horn of Africa at best remains the same, i.e. explosive – it could lead to a Yellowstone effect so to speak…

Amongst other issues, a new coalition has been formed a few minutes ago in Israel, which has to receive 61 YES in Knesset… Netanyahu, the longest serving Israeli PM will try to block it. Watch this space!

Turkey’s dubious behaviour must be stopped by the EU, NATO and UN. Enough!

World Economy at the mercy of the  worse ever recession!

In Africa, military take overs are on the rise. Same patterns used in Central / South America and South East Asia surface, including the aspect of religion…

US President Joe Biden will be the supremo in next week’s G7 summit and he will meet Her Majesty the Queen!

More news soon…

Appropriate behaviour is needed in tackling the Coronavirus’ Anathema; citizens must be disciplined and politicians responsible despite easing protocols and other measures. Green, Amber or Red List, the danger is everywhere!!!! A must to vaccinate by the end of the ear the 25 centum in all countries all over Planet Ocean. A must to ensure we have a medicine off the shelve by the end of 2022!

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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