No steam for the BDI; ups and downs for the Wets whilst Geopolitics remain despicable and Covid surges…
The BDI was down 14 points since yesterday and now reads 1,324 exactly like last Friday the 25th of November 2022. Geopolitics will produce earthquakes and tsunamis in many regions; It’s not just Ukraine. Covid surges and recession coupled with inflation bites. More in John Faraclas’ full report later on.
Off for the Lloyd’s List Greek Shipping Awards 2022.
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Uploaded: 02 Dec 2022 18:30 GMT
Updated: 02 Dec 2022 23:45 GMT
Update:
The Capes and the Panamaxes were the main drivers of the Dry market’s happening. The BCI was down 51 points since yesterday and now reads 1,519; on a weekly basis, the BCI was down 94 points – from 1,613 losing the 1,600 points threshold…
The BPI gained 16 points since yesterday maintaining the 1,600 points threshold and now reads 1,618; on a weekly basis, same was up 139 points – from 1,479 points…
Down three points for the Supras’ BSI, now at 1,162, but down 20 points since the 25th of November…
Minimal losses for the Handies’ BHSI – minus one since yesterday and now standing at 741 and minus four since a week ago when the BHSI stood at 745.
We reiterate the fact that the Dry Market lacks steam and also one or even two sizes cannot create a market…
Ups and downs for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 2,220 – down 40 and 1,806 – no change respectively since yesterday. On a weekly basis the Dirties were down 74 – from 2,294 and the Cleans 36 plus respectively. CAUTION, as with the Ukrainian situation things can become dodgy…
The WTI was down US$ 1.24 since yesterday and now stands at US$ 79.98 – thank Posidon as same is below the US$ 80 mark. On a weekly basis, the WTI was up US$ 1.70 – from US$ 76.28… We need to see the WTI under the US$ 50, end of the story.
The FTSE was down 2.26 points since yesterday and now reads 7,556.23; on a weekly basis, the FTSE was up 69.56 since last week’s 7,486.67…
The Dow Jones was up 34.87 points since yesterday and now stands at 34,429.88 and on a weekly basis same was up 82.85 – up from 34,437.03…
The Nikkei was down 448.18 points since yesterday and now reads 27,777.90; on a weekly basis, same was down 505.34 – down from 28,283.03 from 25 November 2022.
Main Stock Markets NOT on an ideal level; CAUTION…
The Euro / USDollar parity stood at 1,0535 whilst on the 25 Nov same was 1,0412…
Recession and Inflation spoils the broth….
On the Geopolitical front, mind the faulty line from Gib to Vladivostok and from the Caucuses down to the Horn of Africa…
The Ukrainian mess continues and Russia’s Putin seems to have other designs expect of making any type of Peace; this is more than dangerous. Ukraine’s success on the military front is being countered with disproportionate response from the Russia military. In a nutshell, the war will continue all through the winter months and let us see who will make an asymmetrical thrust… In the meantime expect widening of the conflict…
Turkey’s preparation for a major assault in Central / East Med is evident and the latest rehearsal in Syria and Kurdistan – Iraqi sector says it all… We maintain the view that the Third World War has started from Syria…
The Balkans and Caucuses still with issues…
The winter of discontent begins in Europe with additional burdens such as Covid and Consumers inability to boost the markets as Energy bites…
The European Union MUST become organized, streamline the Hungarian issues and Western / Central Balkans…
The Baltic States are digging in just in case and Sweden as well as Finland await the final welcome in NATO once Turkish fears evaporate… Turkey fears of terrorists acting there (in Finland and Sweden) whilst Turkey is the biggest manipulator, blackmail and provocative / terrorist state, needless to mention: an untrusted NATO ally given the Turkish designs against Cyprus, Greece and other nations 1,000 (one thousand) miles around today’s Turkish borders… CAUTION! Ah! President Erdogan might escalate the provocations and send more MIGRANTS over to Europe… CAUTION!!
China continues to prepare for a melee in Taiwan!
North Korea will annoy us too…
Tigray …mess still on…
In South Africa wonder if its president Cyril Ramaphosa resigns…
We expect to see Lula in Brazil making good progress or he will be ousted if he doesn’t improve the conditions there…
Are we going to see the Parthenon Marbles back in Athens… Watch this space!!!
Are we going to see a major change in Iran? If this happens, we might see an appropriate Peace deal with Israelis and the Palestinians; watch this space too!
US President Joe Biden digs in and prepares for the 2024 presidential election; that’s his right move!
The Lloyds List Greek Shipping Awards 2022 earlier on tonight were unique with many surprises. Some of our friends, compatriots, supporters received and or sponsored awards so to speak; excellemous! Will soon bring you the results with some women making their presence felt; many congrats for their achievements.
AND the World Cup in Qatar continues with many more surprises since last week; wonder the finale…
Have a nice evening and 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, we repeat: 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 has surpassed the US$ 400 (four hundred) trillion debt.
