Capes keeps struggling BDI “buoyant”; Geopolitics in a tight rope whilst Covid’s uncertainty continues to grow
The BDI (Baltic Dry Index) gained 37 points since last Friday the 28th of January 2022 surpassing the 1,400 point threshold thus keeping hopes for going over and above the 2,000 psychological threshold. Ukraine looks likely to develop into a Russian roulette, whilst Covid makes waves despite expectations for …”disappearing”. John Faraclas’ daily brief recap:
The Capes’ BCI was up 133 points at 1,208 points over and above the 1,200 points threshold; good news but as stressed numerous times one size doesn’t constitute or creates a market… Anyway, every single plus point counts…
Falling Panamaxes saw its BPI down to 1,828 points – minus 12…
Supras’ BSI lost ten points and now stands at 1,587…
Handies’ BHSI lost eight points and now reads 1,003… Caution as going under the 1,000 points might raise eyebrows…
So all in all a Capes Market so to speak and the shipping …dry fraternity awaits the post Chinese New Year to see what happens…
The Wets surprise surprise were both up; the last published BDTI (Baltic Dirty Tanker Index) and BCTI (Baltic Clean Tanker Index) were up two and six points at 689 and 560 respectively. Still very low. We can “talk” when we see both above the 1,000 point mark, as Covid is the main reason despite the odd situ with this low levels…
The WTI was up US$ 1.32 since last Friday to US$ 88.14. C A U T I O N!
On the Geopolitical front the Ukrainian crisis overshadows everything and all options are open for both sides as president Putin will not back-off… We doubt if sanctions can work… Shipping in its entirety will be affected, both positively as well as negatively; a very enigmatic so to speak situation. Mind the dire straits of Shipping… Watch this space!!
Boris Johnson will fight in any way he can to remain in 10 Downing Street ; hold your breath for the outcome… whilst Mrs May leads Tory anger against him…
Chinese New Year begins tomorrow… Watch the Tiger…
Inflation hits everywhere whilst energy prices already cause havoc… snow too. Brace… Let’s see how the interest rates develop…
ISIS re-appears in Syria; who hasn’t done the clean up there… Shameful !
More Migrants arrive in Europe and it’s about time this fiasco comes to an end; E N O U G H!
Turkey looks for a lifeline… but also for trouble; CAUTION!
Covid continues to spread and we need discipline and responsibility to contain same.
Lastly, last night’s zoom webinar from Project Connect, Adopt a Ship, 3rd self-development seminar of the series NIATA PSILA, was very interesting with Dr. Yiannis Kalogerakis delivering a slides presentation on “My Attitude determines my success in Shipping”. Nearly 150 attendees with sponsors and special guests delivering interesting statements promises better days ahead. A chance for many more to join this cause and turn the young generation to Shipping – onboard and ashore, a MUST for Greece. Lots of work still to come; much needed.
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$ 350 (three hundredandfifty) trillion…
