Home MarketsChartering The BDI@3025, plain sailing whilst Wets remain grounded. The Biden – Putin summit will certainly give us the clue of what is yet to come. Covid-19 surges dangerously…

The BDI@3025, plain sailing whilst Wets remain grounded. The Biden – Putin summit will certainly give us the clue of what is yet to come. Covid-19 surges dangerously…

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The BDI@3025, plain sailing whilst Wets remain grounded. The Biden – Putin summit will certainly give us the clue of what is yet to come. Covid-19 surges dangerously…

John Faraclas

The BDI (Baltic Dry Index) gained 81 points and now stands over and above the 3,000 points threshold. Wets a liability. All eyes and minds locked on the Biden – Putin summit in Geneva amid uncertainty and Covid-19 doesn’t have a case to answer; John Faraclas’ brief recap:

The Capes’ BCI strike another three-digit points -152, and now reads 3,695 surpassing the 3,600 points threshold.

Good performance by the Panamaxes’ BPI now at 3,407 – plus 6.4 and over the 3,400 points threshold…

Rich pickings for the Supras’ BSI now at 2,667 – up 43 points.

Low but steady rise for the Handies’ BHSI now at 1,370 – up seven!

All in all a promising Dry Market even for the sort run as things can change any moment…

Mixed feelings for the grounded Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 583 plus one and 450 – minus three points respectively. C A U T I O N!

The WTI was up US$ 1.52 since last Friday 14 June 2021 and now stands at US$ 72.40… Despicable, Dangerous and Deadly for the 7.7 people on Planet Ocean… CAUTION!

In the Geopolitics following NATO’s “re-start” all eyes and ears await tomorrow’s meeting in Geneva between Biden and Putin… Be ready and geared to hear the music… Determination from both sides… we shall see for whom the bells tolls… Ernest Hemingway knew best….

A flair up in Gaza and Israel is not the antidote to Peace… CAUTION!!!

All other Geopolitical news –  mainly the Migrants, Turkish erratic behaviour, and all ten hot spots in the faulty from Gib to Afghanistan and from the Caucuses to the Horn of Africa remain the same…

Mind Covid’s uncertainty, surge and the third as well as fourth wave and see what might happen… Difficult months and possibly years ahead. Vaccination, Vaccination, Vaccination for safety! CAUTION for all those undisciplined fellow citizens as well as all those irresponsible politicians who cannot see further from their nose…

 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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