Home MarketsChartering Volatility knocks again with a positive Dry market but also an enigmatic Wet. Geopolitical tensions and spreading Coronavirus… the name of the game…

Volatility knocks again with a positive Dry market but also an enigmatic Wet. Geopolitical tensions and spreading Coronavirus… the name of the game…

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Volatility knocks again with a positive Dry market but also an enigmatic Wet. Geopolitical tensions and spreading Coronavirus… the name of the game…

John Faraclas

The BDI (Baltic Dry Index) gained 28 points since yesterday and now stands at 3,147… Wets remain an enigma. On Geopolitics we are witnessing tensions everywhere. Delta, one of Covid-19 strains “thrives” and we MUST control same asap. John Faraclas’ brief midweek recap:

The Capes’ BCI regain the lost 3,800 points threshold and now reads 3,868 – up 85!

The Panamaxes’ BPI lost 14 points and now stands at 3,418More gains for the Supras’ BSI now at 2,852 – up 12!

Handies’ performance is enviable; the BHSI gained 20 points and now reads 1,455…

A firm but volatile Dry Market; lucky those who concluded period charters…

The enigmatic Wets might cause a mess; the last published BDTI (Dirty) and BCTI (Cleans) stood at 621 – plus six and 450 – minus two points respectively. C A U T I O N!

The WTI was up 41 cents since yesterday and now reads US4 73.26… Watch this space as a civil unrest might cause despicable domino effect events… The WTI MUST go down to a max US$ 39,99; period.-

In the Geopolitical arena there was an “incident” within the faulty line from Gib to Afghanistan and from the Caucuses down to the Horn of Africa; it was alleged that a British warship was harassed by Russian aircrafts and patrol boats off the coast of Crimea… Whom to believe; the journalist onboard or the UK Government… For sure NATO and the West flex its muscles further following the Biden – Putin meeting last week!

Mind the fleur up in Ethiopia’s Tigray region following an airforce attack… Another issue within the faulty line.

In the USA President Biden is determined to fight by funding police due to a surge over the last ears and lax gun control…

More new tomorrow..

Coronavirus spreads and the Delta strain is causing concern; in India they expect a deadlier third wave. Can they contain same? Delta seems now t be in every continent. The Tourist Industry which suffers more than any other sector all over Planet Ocean, expects easing of the ravel rules, but scientists will have their say. We need to see a uniform policy, end of the story

Euro 2020 continues with excitement; dialogue, discussions and developments are on with respect the spectators allowed to attend… CAUTION!

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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