Home NewsBreaking News Controlled Dry losses; Wets tumble amid Geopolitical mess and Covid-19 making waves…

Controlled Dry losses; Wets tumble amid Geopolitical mess and Covid-19 making waves…

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Controlled Dry losses; Wets tumble amid Geopolitical mess and Covid-19 making waves…

John Faraclas

The BDI was down at 2,428 points – minus ten since last Friday June 4 as Capes’ fall was contained. Wets still the big issue. G7 and other meetings worldwide might reshape Planet Ocean but also surprise us all given unexpected  hiccups. Too much fuss over the causa proxima of the Coronavirus’ Anathema. John Faraclas’ brief recap:

The Capes’ BCI lost its 2,500 points threshold and now stands at 2,467. A contained fall and let’s hope we don’t see triple digit losses…

A good 21 points plus for the Panamaxes’ BPI now at 2,954!

An opposite reflection (in the mirror) for the Supras’ BSI now at 2,461 – up 12!

Handies’ BHSI lost a point and now reads 1,336…

This week might determine the protection of the Dry Market, but as said in previous recaps, those who managed to fix a fortnight ago were very luck AND fortunate…  

The Wets still falling; the last published BDTI (Dirties) and BCTI (Cleans) stood at 583 – minus two and 475 – minus nine points respectively – the latter losing the 480 points threshold… CAUTION!

The WTI was down 39 cents at US$ 69.23… What an unfortunate situation… The international public is paying the damage… Shame! Need same, as we numerous times have said NOT to exceed the US$ 39.99 threshold. It can be done!

In the Geopolitical front all eyes are in UK and in particular in Cornwall for the three day G7 meeting were G7 leaders and EU representatives will remap the Business World and in particular Trade. Remapping the Business World  means more than one can imagine… Otherwise nothing much has changed…

MIGRANTS, blackmailer Turks, the expected new Israeli PM, Chinese attitudes, BREXIT, EU’smess  and other issues per our last Frida’s report continue…

New information is expected soon with respect the causa proxima of Coronavirus which will open the Pandoras’ box and despicable events might take place…

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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