The BDI (Baltic Dry Index) approached the danger zone, that of 2,000 points as the fall continued all through the week. Wets as always volatile and peculiar. The Ukrainian mess and damage for humanity will need, at least a generation to “heal” to all intents and purposes; and there is more to come from the spill over. SHAME! Covid spreads again as politicians’ hallucinations “made” them medical scientists… John Faraclas’ daily and weekly recap:
The BDI lost six points since yesterday and now reads 2,055; on a weekly basis same was down 302 points losing the 2,100- 2,300 points threshold raising eyebrows. So long as we have a 2,000 point level on the screen all is fine, but going under…Uncertainty and volatility rule the day.
The Capes’ BCI was the only size going up; with 27 points plus now reads 1,444. The weekly losses a major issue as 420 points were wiped-out from last week’s (01/04) 1,864 points losing simultaneously the 1,500 to 1,800 points. CAUTION although hope is still there Ukraine permitted…
One point lost since yesterday from the Panamax’s BPI, now at 2,777. Considerable weekly losses topping 296 points from 3,073 last Friday and the loss 2,800 to 3,000 being a fact… CAUTION!
The Supras’ BSI was down 45 points at 2,502 – about to lose the 2,500 points threshold… 253 points lost since last week’s 2,755 points… 2,600-2,700 points threshold also lost…
Handies couldn’t escape the fall; the BHSI was down 24 points at 1,544. 151 points were lost in a week from the 1,695 level accompanied by losses of 1,600 point threshold…
The next three week will be more than crucial with Christianity celebrating two Easters – that of the Latins and that of the Orthodox… and with the War on in Ukraine many things can happen and the Dry Market might dry out… I hope I am wrong this time…
The Wets appeared better shaped; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,677 – up 24 and 898 – up six points respectively. On a weekly basis the Dirties gained 356 point, up from 1,321 and the Cleans were down 19 – from 917 points respectively… There is more to happen in the Wets… Watch this space!
The Box Trade improves further and its demand already is being depicted in a record orderbook for newbuildings with favourable sizes being the 16 and 25,000 TEU container ships. Excellent, something to make many happy…
The WTI was up at US$ 97.95 – a US$ 1.92 since yesterday. On a weekly basis the WTI was down US$ 1.32 since last week’s US4 99.27. We have also witnessed a US$ 103.18 and 101.56 levels on the 4th and 5th of April… Obviously we are better off from the 8th of March when the WTI stood at US$ 123,70… Again we reiterate the view that the WTI should be at worse at USS 49.99. With a state of chaos – on purpose, try to survive… In Spring 2008 we had a US$ 147 a barrel..
The Main Stock Markets and respective indices do well:
The Dow Jones ended up at 34,721.12 and 98 points since last week’s 34,818.27 (01/04). On a monthly basis it stood at its highest point given that on 08/03 same was down at 32,632.64 points raising eyebrows and wrong alerts…
The FTSE100 was up at 7,669.56 whilst a month ago same bottomed out at 6,964.11 (08/03) with an absolute bottom 6,959.48 on the 7th of March… Cool!
In the Feast, the Nikkei 225 was slightly up at 26,985.8. A month ago it fell down below the 25,000 point threshold and stood at 24,790.9 on the 8th of March 2022; all well…
War or whatever, the main bourses remained firm; we shall see as inflation and other economic parameters might behave strange and asymmetrical…
Back face to face with old and new contacts at Marine Money London 2022 this coming Monday 11th April at the JW Marriott Grosvenor House, Park Lane; we eagerly await this super and timely event!
At the other side of the Atlantic the 23rd Annual Capital Link “Invest in Greece Forum”, Monday 11th April p.m for in London akes place so we shall have two major issues to cover.
The Geopolitical scene with the despicable happenings in Ukraine will cause more catastrophes in a radius of 1,500 miles around the Ukrainian borders… Hypocrisy rules the day… Despicable things happen from both sides; it is a war don’t forget. The main issue though remains Putin’s wrong strategy which one day he and his people will pay a hefty “penalty”. There is no substance to his demands and in particular he cannot dictate who cannot join NATO or the EU.
We are sending a strong message to both sides to fully and unconditionally respect all Seafarers on board the 100 (one hundred) plus foreign vessels there, or else one day. We have stressed this live on TV.
Europe MUST get its act together and create a EU Military Force to deter whoever believes he/she can play with the Mighty Continent. Now, one can see why Frontex when “landed” in Greece – end Sept 2010, failed to deter the Turkish jets violating Greece’s and conversely EU’s airspace; any objection? Do you like a live debate on this, eh?
Brussels are in a need of leadesrship to avoid fiascos such as the one with Energy and Food Stocks / Supplies; again any objection? The well paid Brussels fat cows …err primandonas and their mandarins spectacularly failed on both issues… Shame!!! We can become the most self-sustained Continent; need a leader, not puppets and morons supported by business hooligans. Wake up!!!
Sanctions can only work if we do verbatim what they mean and avoid exemptions; end of the story as the Russian people having survived 72 (seventy-two) years of Communism can still survive. They will only lose if the West goes as per the book, even beyond. Decimating President Putin’s war machine should had happend on day two of the invansion…
“Counter issues”, following sanctions, will affect Tourism in the nearby region AND, unfortunately, beyond. Following Covid’s mess and strangulation of Tourism all over Planet Ocean, it remains to be seen what’s next. Maritime Tourism in its entirety still remains the safest touristic product…
Another issue in this conflict remains BRICS; how we deal with a Market of 3 (hree) billion people? Let’s see your written comments on this…
AND: who can deal with 13 (thirteen) million MIGRANTS and Displaced people (Ten last week)??? All through these years we have explaned why MIGRANTS is the number one issue all over Planet Ocean!!
What will happen in France in these crucial for France, Europe and Planet Ocean French presidential elections? Macron or Ms Le Pen – does she has a chance? Only time will tell; watch this space!
Mind Turkey’s dreams as next year is the centennary of the new Turksh state. Erdogan’s “Peace” mediation between Russia and Ukraine is just a dust – not to mention these mediations have already spectaculrly failed. Be ready and prepared to confront Erdogan’s pathos to excel better than Kemal Atatürk. What will do in the region is unimaginable. Balkans, Central, East Med, parts of the Middle East and Black Sea will be in trouble and we must stop him forthwith not to become another Putin. Indeed and rightly so, both wish to defend their nations, but not at the expense of others and their vested interests… CAUTION.
Real Convergence is the “secret” for a successful and viable Europe; end of the story.-
Still a messy Middle East... got worse during the Covid mess…
China also creates mess; every Beijing regime must respect the fact that its nations industry is employed by the West and manily Europe – then comes America. They should stop unfounded expansionisms in the Far East.-
North Korea’s leader must understand that nukes are not toys…
Japan is watching both China and North Korea… Never underestimate the Japanese!!!
In Brazil we might see Lula back in power supported by opponents. Can president Bolsonaro stop him? Both are strange bedfellows for almost all Brazilians…. CAUTION!
Time we all look and save Africa; as things stand in many nations and super-powers proxy wars, we might see …ignitions. CAUTION.
The Subcontinent seems quiet, but eruptions can happen any time. Another area under “CAUTION”…
AUKUS partnership seems a good deterent for Australians – now fully …interwoven with the Americans and British…
The fight for the Environment continues; what shall we finally call it; “Climate Change” or “Climate Crisis”?
As mentioned above on the Environment, wonder how we control the North Sea Route as well as how we deal with the passage given the Russian – Ukrainian Conflict AND the Sanctions…
Covid spreads thanks to the incompetent politicians. If the spreading continues expect more mess… Airlines facing problems with crew shortages… Did I hear you say Deltacron? There is a major risk which the politicians prefer to ignore. By the way, Omicron has more than 50 (fifty) unique mutations… Recombinants will bother us. We had enough. What is needed is Medical and NOT Political Leadership and Initiation to fight and beat Covid.
Tourism is at stake given the current spreading of Covid; CAUTION! Same applies with the situation in Ukraine… which for some countries and regions might affect same…
Let’s see the outcome of the Delphi Economic Forum in Central Greece on both the Ukrainian mess and Covid… We eagerly await Maria Themeli’s and others’ reports – all on spot at Greece’s unique Oracle (there is also that in Dodoni, time to have another one there…)
Pleased to see a good outcome from Nor-Shipping…
Have a nice evening and weekend , enjoy the two Easter weeks, 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…
P.S. I guess only Shipbrokers are capable in dealing with the mess we live on Planet Ocean; correct?
Uploaded 11:43 08 April 2022
Updated 11:55 08 April 2022
