The BDI (Baltic Dry Index) lost its 2,700 points threshold, as Panamaxes fall was proportionally …substantial. Wets’ “strange” fall continues. Peace in Ukraine MUST be restored here and now, otherwise all this set up is the biggest crime against humanity. There is no “or else”; I mean counter and punishment against all aggressors. Wonder under which proviso protocols and measures are lifted and simultaneously Covid re-surges. John Faraclas’ brief daily recap:
The BDI was down 38 points since yesterday and now reads 2,689…
The Capes’ BCI was up 37 at 2,823…
Panamaxes fall was, as mentioned in the preamble, proportionally substantial. The BPI lost 146 points and now stands at 2,946 losing the 3,000 point-threshold…
Losses for the Supras’ BSI, now at 2,901 – down 33
Strangely enough, the Handies’ BHSI was up 21 points at 1,579…
A very questionable Dry Market; time and events in Ukraine as well as in the Far East – South China Sea will tell…
Both Wets were down; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,279 and 1,032 down 18 respectively and coincidentally…
The WTI was down US$ 6.57 since yesterday (US$ 103.01) – a good sign, hopefully, falling also below the US$ 100 mark and now stands at US$ 96.44… Cross your fingers for a continuous fall…
Main Stock Markets remain buoyant despite the Ukrainian mess..
On the Geopolitical front, almost everything is focused on Ukraine, one of Planet Ocean’s biggest set ups ever witnessed… as stressed in the preamble Peace is essential here and now. I guess Diplomacy and honesty must get their act together. One day the revenge will be lethal… When we talk about sanctions, we mean their full implementation and NOT hermaphrodite situations… We are NOT naïve and we are watching…
The other major issue is Energy, better say the Energy jargon… Reapproachment with old foes resurfaces; what a scam eh!
Mind Turkey’s intentions vis-à-vis its neighbours, particularly Greece and still, yes still Cyprus…
China MUST come down to its senses; its economy is based on western companies manufacturing goods in its premises. Chinese behaviour and protectionism from the Western nations might change this overnight.
Covid surges and we MUST tackle same here and now, otherwise expect mess. Begin the fourth complementary vaccine now!
On another tone and note Oi2022 – Oceanology International 2022 opened up this morning at London’s ExCel in the Docklands.
A very interesting exhibition and Conference bringing the world together after four years. In these three days all attending are more than privileged in meeting also the New Blue Economy as same will enhance the understanding in delivering a more sustainable and equitable Planet Ocean. Will revert with a brief account.
Have a nice evening as well as weekend, 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…
