Further Dry losses whilst Wets enjoy a good time; Ukraine might cause a domino effect if situ doesn’t end here and now…
The BDI (Baltic Dry Index) lost 36 points since last Friday 25 February and now stands at 2,040. Dirties surge and Cleans follow …suit. Before the Ukrainian mess destabilises Planet Ocean, let’s give and immediate end at all costs. Long Covid is here to stay; CAUTION. John Faraclas’ daily brief recap:
The Capes’ BCI was down 74 points at 1,617…
The Panamaxes’ BPI down 59 losing the 2,600 points threshold…
11 plus points for the Supras’ BSI now reading 2,428…
Handies surpassed the 1,400 points threshold and now read 1,405 – up six!
The Wets surge; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,343 – plus 196 and 731 – plus 35 respectively. The Dirties performance is unique these days…
The WTI rose to US$ 96.41 – up US$ 4.82 from US$ 91.59 last Friday… Expect mess…
On the geopolitical front:
Ukraine: following a despicable weekend and a five hour failed meeting between Russians and Ukrainians at the border in Belarus: the worse is yet to come; S H A M E!!! Inhumane is the best to describe the situation.
Watch out for a domino effect given how the West responses until now to the despicable situation.
Let’s see who can impose full scale sanctions…
Remember: The best argument is to avoid the argument. As things have already gone off hand and as mentioned above, the worse is yet to come, so will the worse punishment one day will strike those who in 2022 rock the boat…
The possible close of the Dardanelles and Bosporus might trigger hell…
Mind the ships and their crew. The Shipping and Seafaring Fraternity if attacked will retaliate in a way no text book has ever described…
Mind also the cryptocurrencies; did I hear you sa blockchain crimes and scams..?
We must learn to live with long Covid; a very uncertain situation…
Did I hear you say Climate Crisis, eh!!
…AND MIGRANTS numbers surge uncontrolably… C A U T I O N !
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…
