Buoyant Markets amid uncertainty in Ukraine and Covid
The BDI (Baltic Dry Index) was up 87 points since Friday the 4th of March and now reads 2,235 surpassing the 2,200 points threshold. Wets too doing more than well thanks to the Ukrainian mess – both wet indices surpassing the 1,000 points. Situation in Ukraine and beyond will lead to an unprecedented outcome with extraordinary repercussions for everybody all over Planet Ocean. John Faraclas’ brief Market and Geopolitical recap:
The Capes’ BCI was up 114 points and now reads 1,749 – over the 1,700 points threshold…
Panamaxes too with a triple digit rise, 116 and now the BPI stands at 2,901 points, surpassing the 2,800 and 2,900 points threshold…
Supras too on an upward trend surpassing the 2,600 points – plus 54 brought the BSI at 2,640!
The Handies enjoy a low but steady euphoria; the BHSI now reads 1,467 points, up 24.
So all in all an upwards moving market… no complaints but the War is War in Ukraine…
The Wets as mentioned in the preamble above are both over the 1,000 mark; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,517 and 1,071 – up 43 and 82 points respectively. The Dirties surpassing the 1,500 points threshold and the Cleans after a long time the 1,000 brought celebrations to the tanker fraternity… Again: The War in Ukraine…
The WTI was up US$ 3,72 since last Friday the 4th of March and now reads US$ 119.40… We do not have to mention CAUTION as the situation has been derailed… Let us see who will pay the damage in the aftermath of this entire despicable surge…
Boxships continue to enjoy a great time.
In the Geopolitical Arena, the War in Ukraine dominates the News and will not only continue but will spread and will cause incalculable damage to Humanity, the Environment, to everything !! The Business Hooligans’ – as we have branded them a long time ago – over a decade, strike is taking place. You have not seen anything yet; Ukraine is just the beginning. They called a fast one on all. We have warned you long before and we are proud we did by giving you the best projections and timely warnings, all on canvas…
Now then:
Amidst the Worse Recession all over Planet Ocean…
Amidst an inflationary economy…
Amidst a Global Debt which stood just before the beginning of hostilities at US$ 350 trillion – now approaching US$400 trillion…
Amid the Covid anathema…
Amid a cold winter- in the heart of the Winter…
Obviously, we “laugh” as politicians and their cronies are trying to find alternative sources of energy to replace the Russian energy means… What a palaver… Moreover, we pay them; we pay all these incompetent morons…
Diplomats need to change “profession”, totally incompetent and untrained for tough negos – excuse my shipbroking dialect…
As we say in Marine Insurance, the case between Ukraine and Russia is the case of a “both to blame collision”…. Any objection?
The next hours and days will be devastating for the Ukrainians… Only the toughest sanctions – and fully monitored might, repeat might, work… We witnessed how Frontex and the rest of the gas and dolls in Brussels monitored the influx of MIGRANTS coming over from Turkey to Greece for their promised land, EU… Shame…
President Putin will continue and will completely raise down Ukraine… thereafter, he might opt for other countries…
Mind the dubious role of Turkey in the conflict, particularly its “mediation efforts”, always to gain / grab in any melee its prey…
As said in the televised panel on 25 Feb 2022, with Europe’s frontiers with Asia being the Ural Mountains we should have invited president Putin and his Russians to join NATO; an asymmetrical solution but more than realistic enabling all of us to tackle China and the extreme Islamists…
Moreover, we have not witnessed any major collapse in the main stock markets; currently the fall is minor and reversible; correct me if I am wrong… Only if we see a 15 (fifteen) plus percent fall in the main bourses we might worry a bit… Cool… Where are the contingency plans?
Covid remains and we should be extremely on guard as you never ever know what’s next, particularly with the absence of the traditional vaccination. Only with discipline and responsibility we can win over Covid and its mutation – old and future once.
We demand respect to all Seafarers, crew members onboard all ships in the Black Sea, primarily, from both sides, or else! IMO, ILO, INTERCARGO, INTERTANKO and all UNIONS – ITF do you read me; Chairities too to raise the stakes!!!
Tomorrow is the International Womens Day and we urge all Women to “revolt” and become modern days Lysistratas; Aristophanes knew best!!!! Only with the intervention of Women this War can end. Come on ladies, come on Sea-maidens!!! Come on WISTAs !!!
Have a nice evening but 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. As for the mess in Ukraine, you have not seen anything yet as well as its spread… 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…
