The BDI (Baltic Dry Index) fell one point since yesterday and now stands at 2,357; on a weekly basis same was down 67 points – from 2,544 last week (25/03). The Wets remain volatile – as always, and this is causing issues. Geopolitically, the lack of leadership creates despicable mess for humanity every single minute; SHAME! Covid will create another projected health mess. John Faraclas’ daily and weekly recap:
The loss of the BDI was proportionally significant given the loss of the 2,400 points threshold.
The Capes’ BCI was up 114 points at 1,864 since yesterday surpassing the 1,800 points threshold. On a weekly basis, same was down 23 – from 1,887 last week (25/03)…
The Panamaxes’ BPI lost 68 points and now reads 3,078. The weekly losses were 340 – from 3,413 (25/03) losing also the 3,100 to 3,400 points threshold… CAUTION!
Losses for the Supras and Handies; the BSI was down 53 at 2,755 losing the 2,800 points threshold and the BHSI down 40 at 1,695 losing the 1,700 points threshold. The weekly losses 265 and 87 respectively from 3,020 and 1,782 points respectively. Again losses of the 2,800 to 3,000 points thresholds for the Supras and 1,700 for the Handies.
Overall, strangely enough, the Dry Market still buoyant but losing steam – whatever above the 2,000 points for the BDI is a security. Once again, one size cannot constitute a Market.-
The Wets still enigmatic; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,321 and 917 – up 42 and down four points respectively. On a weekly basis the Dirties were up 209 from 1,112 (25/03) and the Cleans minus 12 from 933 points respectively. Rich pickings for the Dirties given the conquering of 1,200 and 1,300 points thresholds… With the current energy jargon, everything is possible…
The WTI was down US$ 1.11 since yesterday (US$ 100.28), falling below the despicable level of US$ 100 and now reads US$ 99.27. Same was down US$ 14.63 since last week’s US$ 113.90… Something MUST be done here before it is too late, despite Putin’s petty games… Wake up and re-energise! A big and pressing task as well as obligation for Europe’s 500 million people – that is face one; thereafter the rest of the World…
The Geopolitical situation continues to remain despicable given what takes place in Ukraine – a war of unique atrocities and, more importantly, what is yet to come. Success in mediation for Peace should only be focused on Peace here and NOW! Remember: Now means something without duration. Do we have high calibre diplomats to make Peace here and NOW, eh! Putin’s Russians aim is to destroy everything in Ukraine and accomplice what they want and planned with ultra-premeditation; wait and see. In all occupied parts of Ukraine, marauding and violence against the Ukrainians relentlessly continues. Ukraine hits back, but what if Putin uses dirty means?
Over ten million people have already been displaced; over four million people become MIGRANTS in neighbouring and nearby nations, even as far as Scotland… and south, down to MIGRANTS hit Greece… (over the last eight years). Six weeks monitoring this war tells us of a new European and World order is about to surface. There will be changes in Ukraine, in Russia too. Putin’s and conversely Russia’s future rests with Europe, not with China and others. He must get this message… Nuclear and other threats “served” via the media since this mess begun does not and will not save Russia. If the West firms sanctions 100 centum, then we will see a crippling Kremlin peg for economic peace. It is the economy comrades… Wake up. When we say sanctions, we mean sanctions all the way and we do not make any exemption whatsoever! Grow up and mean what you mean, end of the story. Forty years ago, Argentinian Forces run by general Galtieri landed and claimed the Falklands, only to be wiped out by Margaret Thatcher’s staunched belief in intelligent warfare, but she meant hell all the way in all fronts, and she won. This is what we need today, leadership, one leader… The harsh lessons learned from the Falklands saga must guide us further… Enough with Germany’s policies; out of context. We can suffer for a while with energy, but we can have ours and say: keep your roubles Mr Putin! As said in a live TV debate in late February, we could have asked Mr. Putin to join NATO so he would not have any fears from NATO flexing its muscles eastwards… Just think out of the box… Mrs Merkel should have chosen energy from Central and East Med and create real Peace in the region – let us see how we avoid a mess from Turkey; watch this space.
Finally, wonder how businesspersons’ interference and or participation (even as “observers”) can create Peace in this Ukraine – Russia conflict; can anyone tell us? We rate them below zero… given what happened to them lacking contingency plans is safeguarding their vested interests through this conflict with major collateral damages (yes in plural)… Any objection?
The USA must have a more safe and coherent policy in tackling issues such as the Ukrainian one. You see, it’s one thing warning of an imminent invasion and another when you can’t stop same and more importantly imposing sanctions and monitor same one million centum AND NOT allowing exemptions!
Overall, we reiterate our view that this conflict is a both to blame collision to use one again our marine insurance cases’ phrase!
Elsewhere Israel does its best to create Peace in the region; excellent and we wait to see same happening. Iran too must come to terms as well as all those trying to make Iran come to terms…
Mind Armenia and Azerbaijan…
Bolsonaro in Brazil embarks for re-election; can he make it happen? Lula, his opponent and for seven year president needs to understand modern economic recovery…
Where is Imran Khan’s …”innings” in Pakistan? Will he survive a non-confidence vote?
Mind the Chinese interference in Solomon Islands… Australia and New Zealand have to defend the issue there… China begins with South China Sea intrusions and expands…
Mind Tigray in Ethiopia; Peace is a MUST there too…
What will happen in Kenya’s August voting?
Afghanistan is back to square one after 32 years… Remember our Afghaniscam view…?
Covid continues to spread and we reiterate that it was too early to lift the safety protocols for a fistful of Dollars… let’s see who can manage and contain this anathema… Did I hear you say lockdown in Shanghai…?
Inflation and Global debt; this is the biggest war we will face… from which many will die…
Wonder how will the Tourist Season performs this year amid Covid and the ongoing mess in Ukraine…
All in all a crucial pre-Easter period; Caution as a lot will happen in all fronts…
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. 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…
