Home MarketsChartering Handies survive as all Dries fell. Wets a major liability. Geopolitics and Coronavirus for cool nerves…

Handies survive as all Dries fell. Wets a major liability. Geopolitics and Coronavirus for cool nerves…

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Handies survive as all Dries fell. Wets a major liability. Geopolitics and Coronavirus for cool nerves…

John Faraclas

Not to worry as we are well above the 2,000 points threshold… and we are not going to dry out… Wets though have dried out… Remain cool with Geopolitics and brace for Coronavirus’ developments. John Faraclas’ brief daily recap:

The BDI (Baltic Dry Index) lost 61 points since last Friday the 2nd of Jul and now stands at 3,224…

The Capes’ BCI triple digit loss of  161 points and  loss of the 3,400 and 3,500 threshold was widely discussed all over earlier this afternoon… At 3,349 begins to raise eyebrows…

28 points was the Panamaxes’ loss with the BPI standing at 4,241…

No change for the Supras’ BSI; at 2,935 the BSI fights to surpass the 3,000 points threshold;

Six points plus for the Handies BHSI now at 1,561 points and keeping the pace!!!

A not to worry but volatile and uncertain market; only when we see 2,200 down to 2,000 points, then the BDI is in trouble…

AND now the stranded Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 586 – down four and 445 – plus one point respectively. Wets become a liability and ultra CAUTION should be observed!

The WTI was up US$ 1.05 and now same stands dangerously at US$ 76.21…

In the Geopolitical front things get worse and the attack on an Israeli cargo vessel will create escalation in the Middle Eastern ongoing crisis. CAUTION as Israel and Iran might class…

CAUTION in Afghanistan as the withdrawal there will make situ unbearable… A new strategy is needed… and power brokers to make Peace… Soviets failed, the West fails to create a peaceful environment with the people of Afghanistan the main losers… Part of the faulty line of Gib to Afghanistan and from the Caucuses down to the Horn of Africa…

MIGRANTS maintained the lead again and hundreds were involved, some have drowned off Tunisia… We had also an incident of the coast of East Sussex here in the UK with 200 plus making the crossing from the Continent. Expect a surge all over the Med / Aegean… as summer is here to “stay” for at least three more months. We remind you of our Naval Blockade solution with a Mandate and Rules of engagement. End of the story… One gets really very upset with incompetent politicians… Shame!

BREXIT’s process continues…

The Mighty Continent MUST get its act together..

The West through NATO “upsets” the Russians…

At the other side of the Atlantic the US Celebrated the 4th of July and its now that America will raise the stakes… In Europe – North and Baltic Sea, The Med and Black Sea… and obviously in South China Sea and the pacific… Watch this space!

Mind the Recession and its effects…

Mind the Economy as Coronavirus is here to stay and expect more strains…

Coronavirus itself is giving us all a unique lesson… still Greediness and incompetence rule the undisciplined Planet Ocean we live in!

Time to fight Crime in its entirety and the preservation of the Environment before it is too late…

Awaiting for a full account report on the “Ever Given” including the settlement part!

We ended our first decade and entering a new one; THANK you all for your Trust and Support. Thanks to all the teams at allaboutshipping who delivered the message on free and unbiased reporting!!! It has been a unique decade for all of us!

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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