Home Energy Uncertain and volatile Markets amid a Geopolitical inferno whilst Covid remains firm

Uncertain and volatile Markets amid a Geopolitical inferno whilst Covid remains firm

by admin
John Faraclas

A fortnight of Dry and Wets ups and downs; Ukraine’s despicable events will spread amid economic chaos, “supported” by the uncharted waters of Covid

The BDI (Baltic Dry Index) was up one point since yesterday and now reads 2,404 points which is also 97 and 267 points plus since the 22 and 14 April 2022 when same stood at 2,307 and 2,137 points respectively. Wets in a falling mode. The Geopolitical inferno in Ukraine will spread and spill over creating a despicable mess as well as an economic chaos. Covid remains “buoyant” and tough measures and protocols should be re-introduceδ as any new deterioration will make politicians fully accountable. John Faraclas’ daily and fortnight recap:

We reiterate the view that whatever level above the 2,000 points makes the BDI more than viable, particularly under the present circumstances… With the 2,200 to 2,400 points thresholds conquered many can breath safely…

The Capes’ BCI was the index with the best performance despite the overnight hiccup of minus 13 points – now standing at 2,136; same was up 291 and 655 from the 22 and 14 of April’σ scoreboard being 1,845 and 1,481 points respectively. With the 1,500 to 2,100 points threshold conquered Capes look safe…

The Panamaxes’ BPI was up 24 points at 2,938 but minus 66 and 104 since the 22 (3,004) and 14 (3,042) of April losing the 3,000 points threshold…

Minor losses for the Supras’ BSI now at 2,734 – minus two but 56 and 237 points up since 22 (2,678) and 14 (2,497) April 2022. Good to see the 2,500 – 2,700 points thresholds overtaken…

The Handies on an upward mode; the BHSI gained 11 points since yesterday and now reads 1,593. This is 89 points plus since last Friday the 22 of April when it stood at 1,504 and 144 points plus since the 14 April when same was 1,449, going over the 1,500 points.

Falling Wets a liability; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,253 – plus eight and 1,255 plus six points respectively.  On a weekly basis the Dirties lost 212 points from 1,465 on 22/04 and 563  from 14/04 when same stood at 1,716. The loss is considerable with the 1,300 to 1,700 points thresholds lost… CAUTION. The Cleans were up 179 points since 22/04 (1,076)  and the same figure matches the difference with the 14/04 when same stood at the same level (1,076). All in all the Cleans did well with the BCTI conquering the 1,100 to 1,200 points thresholds…

The WTI stood at US$ 104.69 – minus 67 cents since yesterday; on a weekly basis same was up US$ 2.54 (from US$ 102.07 (22/04) and minus US$ 3,34 since 14/04 when same stood at US$ 106.95. Once again we reiterate the view that the viable figure, even under today’s circumstances with Ukraine, should NOT exceed the US$ 49.99 mark; end of the story. This situation might backfire, despite the fact that we’ve seen the price of oil reaching the US$ 147 mark in spring 2008.

A challenging question from our side…

A lot was debated during MARE FORUM’s successful event last Wednesday the 27th of April down town Akti Miaouli’s Piraeus Marine Club.. I was also its 20th Anniversary with a well thought theme :”The Big Change – is the world sailing in unknown waters?” All of shipping’s stakeholders made their presence felt with speeches/ short statements, questions covering the entire spectrum of the business. Congrats to Jannis Kostoulas’ team as well as to the conference chairman George Gourdomichalis for his vigor in directing a difficult event.

The Ukrainian despicable mess, after Syria when in our view World War III begun, will lead to an uncontrollable situation as the conflagration in the region around Ukraine will be unimaginable. It’s the politicians of all sides to blame. From the right beginning we have said that the Ukrainian – Russian conflict is a both to blame collision. Expect chaos. Add the Recession, the worse ever which we keep mentioning five years now, add the World Debt approaching the US$ 400 trillion mark and see what you get – or better, see what’s coming up. What a scam eh! And what a palaver with the clergy’s desire to stop the war in Ukraine for four days so Easter can be “celebrated” ! Religion too plays an imporant role in this Ukrainian – Russian conflict…

Sanctions is a two-way street but primarily we need to see unanimity by all… CAUTION.

Expect mess from Turkey following Russia’s example…

We need leadership in the EU and NATO to contain any further actions by pariah states.

MIGRANTS remain per our prediction the most important issue and now will be too difficult to control…

Well done Emmanuel Macron but Marine Le Pen went over and above the 40 centum…

Planet Ocean is on fire; you haven’t seen anything yet. Brace for the inevitable. Unfortunately, as we have hinted many times all these 11 years in this medium, but also personally on other occasions: “War Father of all; if you don’t destroy you cannot rebuilt. This is the pitiful message in history”. Cynical but 100 centum the harsh reality!

Did I hear you say rations..? or Inflation?

Covid remains unchallenged and we are going to witness freak-waves so to speak soon.

See also our last recap and take cover.

Have a nice evening and long weekend given the 1st of May and Bank Holiday,  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 now approaching the US$ 400 (four hundred) trillion…

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