The BDI (Baltic Dry Index) lost 55 points since yesterday and now stands at 2,043; mixed feelings with Wets amid Geopolitical turmoil and rise in Covid cases. John Faraclas’ brief midweek recap:
The Capes’ BCI “bottomed” at 2,000 points – minus 84 since yesterday; a crucial moment…
The Panamax’s BPI lost the 2,400 points threshold and now reads 2,363 – minus 78
The Supras’ BSI lost 18 points and now reads 2,247…
Minus 20 points for the Handies’ BHSI now standing at 1,219…
Mixed feelings with the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,260 – up 34 and 1,434 – down 37 points respectively…
The WTI was down US$ 1.24 since yesterday (US$99.50) and US$ 10.17 since last Friday the 1st of July when same stood at US4 108.43; a very welcoming fall. We still reiterate the view that same shouldn’t exceed the US$49.99 no matter the Geopolitical upheaval!
The war in Ukraine continues with despicable human losses from both sides and at present no sign for the combatants AND their backers to seat and make peace; s h a m e f u l! What matters now is who will undertake to rebuilt Ukraine – we see serious movements, although we are still in early days… Business hooligans are ante portas confirming our view, the old Greek view: “War, father of all; if you don’t destroy you cannot rebuilt, this is the pitiful message from history” and Ukraine is no exemption… I wonder all those organisations who care for the environment what they have to say about the pollution 300 (three hundred) miles around Ukraine and all over the Black Sea…
Meantime we have Christopher Gerard Cavoli, a United States Army general who serves as the commander of United States European Command since 1 July 2022 and Supreme Allied Commander Europe since 4 July 2022. This appointment might be a turning point in this war (Ukraine) as well as for other projected “skirmishes”.
Moreover, and as numerous times we have stressed, we have Turkiye’s (Turkey’s) deviation from Peace and if this continues, we shall witness a total all out war in Central, Eastern Mediterranean, the Balkans, the Aegean, Cyprus, Black Sea and parts of the south Caucuses and Middle East. The USA and NATO as well as the EU MUST here and now stop president Erdogan’s designs to change the frontiers. CAUTION! Handelsblatt view on how important is Turkiye (Turkey) for NATO is null and void; end of the story.-
China flexes its muscles in the Pacific Basin and caution should be observed; we shouldn’t be taken by surprise given the current Chinese attitude against the USA and NATO in the Ukrainian mess…
Boris Johnson in dire straits? We shall soon see what’s next… Watch this space…
The 246th 4th of July Independence Day anniversary should awake Americans for new and more correct beginnings given the situation on Planet Ocean; the time has come…
The Euro and GBP are falling and the USDollar remains, still, powerful…
I guess in Washington though they must admit we are all in a Recession mode and Inflationary conundrum…
Covid resurges dangerously and the politicians are to blame. They succumbed for a fistful of Dollars to open the markets, even the mighty mask is 99 centum abolished.
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 now approaching the US$ 400 (four hundred) trillion debt mark…
