Home Associations Capes’ volatility and Wets stagnation rule the Markets. Brace for the coming Geopolitical and Covid mess…

Capes’ volatility and Wets stagnation rule the Markets. Brace for the coming Geopolitical and Covid mess…

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Capes’ volatility and Wets stagnation rule the Markets. Brace for the coming Geopolitical and Covid mess…

John Faraclas

The BDI (Baltic Dry Index) was down 53 points since yesterday losing also the 3,300 points threshold and now reads 3,285, which is though 30 points plus since last week’s 3,255 points. Wets grounded and wonder what’s next… The WTI causes havoc and soon the destruction of the 90 centum of people on Planet Ocean. Mind the Geopolitical escalation of tensions which coupled with the worse ever Recession will produce despicable mess… Covid’s current variants – Delta and Lambda bring in more fear and uncertainty – and there is more to come. John Faraclas’ daily and weekly recap:

The Capes’ BCI lost 180 points and now stands at 3,510 losing also the 3,600 points threshold. On a weekly basis same was down 477 point – from 3987 last week (25/06). The loss of the 3,600 to 3,900 points was widely discussed…. CAUTION. Lucky, once again those who managed to fix, particularly on period…

The Panamaxes’ BPI was up 32 points at 4,269… On a weekly basis the BPI was up 627 points – from 3,642 (25/06). Well done. Panamaxes’ surge maintained the BDI strong as well as the market sentiment!

Supras’ BSI fell after a long time and now reads 2,935 – down four points. On a weekly basis same was up 58 points – from 2,877 last week. Note that same surpassed the 2,900 points threshold!

Good performance by the Handies now at 1,555 – up six points and 52 since last week’s 1,503 points…

All in all: still a buoyant Dry market.

Container ships are doing more than well with t/c rates in man cases around US$ 100,000 per day; Hallelujah!

The Wets remain more than enigmatic; the last published BDTI (Dirties) and BCTI (Cleans) stood at 590 – minus two and 444 – minus one point respectively. On a weekly basis the Dirties were down 34 points – from 624, losing also the 600 points threshold and the Cleans  five – from 449 points respectively… Ultra CAUTION should be observed…

The WTI was up 74 cents since yesterday and now reads US$ 75.97… On a weekly basis same was up US$ 1.94 – terrible. Once again we reiterate the view of same not to exceed the US$ 39.99 mark.-

Reverting with the turbulent Geopolitics and Coronavirus’ mess later…

Have a nice evening, weekend  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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