The BDI (Baltic Dry Index) ended down five points since yesterday at 1,576 points. On a weekly basis though same was up 72 (from 1,504 on 21/4) and 187 plus since the 31/3, a month ago when it stood at 1,389 points, all thanks to the Capes’ performance, always on the plus. Note that the 1,400 and 1,500 points threshold was “conqured”! All other indices were down. The Wets suffered high percentage losses. The Geopolitical spectrum couldn’t be more worse than now, preparing us for…“unexpected”, expected by this medium developments. John Faraclas’ daily, weekly, monthly market and geopolitics recap:
The Capes’ BCI was up 25 points since yesterday at 2,301 and 339 since 21/4 when it clocked 1,962; 636 points plus since a month ago (31/3 when the BCI stood at 1,665 points)! As we have numerous times stressed, one or two sizes cannot determine the market. The 1,400 to 2,300 points threshold have been won, but…
Our most favorable size, the Panamaxes, still struggle; the BPI was down to 1,586 points – minus 26 since yesterday, minus 106 since 21/4 when it stood at 1,692 and minus 49 since 31/3 when same stood at 1,635 – the 1,600 points threshold lost!
Losses for the Supras’ with the BSI down 20 points since yesterday and now reading 1,165. Same was down 36 since 21/4 when it clocked 1,201 and minus 33 a month ago when it stood at 1,198 points. The 1,200 points threshold lost!
Minor losses but losses for the Handies’ BHSI. On a daily basis the Handies were down three points at 663, on a weekly were plus three (from 660 on 21/4) and minus 24 on 31/3 when the BHSI stood at 687 points.
So, all in all a downwards Dry market with the exception of Capes. A lot of issues will surface with the most important ones being the grain exports from the Black Sea – Ukrainian, Russian, Turkish and UN deal.., the Chinese needs and obviously what the mess will bring in Sudan and the African continent in general…
The WTI ended at US$ 76.78 – up US$ 2,02 since yesterday minus US$ 1,09 since 21/4 and plus US$ 1,11 since the 31/3 when same stood at US$ 75 67… The WTI from the 3rd of April until the 18th of April stood above the US$ 80 mark, reaching the US$ 83,26 on 12 April 2023. Still caution as we need to see same below the US$ 50 mark. Humanity suffers and suffers in a multitude of ways: despicable prices and damage to the environment!
The FTSE100 ended up at 7,870.52 from 7,831.58 since yesterday. Same was at 7,914.13 on 21 April and 7,631.74 on 31 Match 2023; not bad eh!
The Dow Jones excelled at 34,098.16 up 282.00 since yesterday’s 33,826.16. On 21/4 the Dow Jones stood at 33,808.96 and on 31 Match 2023 sme stood at 33,274.15…
The NIKKEI performed well at 28,563.44 up 398.16 since yesterday’s 28,457.68. On 21/4 the NIKKEI was reading 28,564.37 and on 31/3 at 28,041.48…
The Euro / USDollar stood at 1,1127 from yesterdays 1,1031. On 21/4 the parity was 1,1095 and on 31/3 1,0869… CAUTION…
The Geopolitical situation continues to be despicable and dangerous for all.
The MIGRANTS still Planet Ocean’s the number one issue with dozens being lost at sea everyday in the entire Mediterranean Sea; SHAME! We insist in a Naval Blockade, with a Mandate and Rules of Engagement. All other ideas and thinking on how to curb the MIGRANTS are simply nonsense!!! The US are taking MIGRANTS seriously and will set up processing centres in Colombia and Guatemala to curb same. Time for all worldwide to wake up!
The Ukrainian mess continues and soon enters the 15th (fifteenth) month. The outcome will be more than a surprise. Once again we reiterate our view: you haven’t seen anything yet! Russians and Ukrainians and all their supporters continue to rock Peace and the prize and price will be devastating for all. There are many more means to create Peace, if both sides wish and believe in same. Wonder if the Grains deal as mentioned above, will continue…
Expect spreading of the War in all directions, North, South, East and West. Too difficult to overthrow Mr. Putin, even from within… NATO has to use all options and become Putin’s Damocles Sword; then he can be in bounds like Prometheus…
The European Union in a mess, not only from this war but from many more issues. Time for Brussels to clean and put the House in order, or else… Too many scandals, too many wrong policies… Will Germany and its Economy recover? Social recovery is also needed!
Greece and Turkiye have entered the final round of their forthcoming elections this coming May and wonder if we shall see MAYDAY alarms within and in their periphery. Let’s see what happens after both countries form governments… Will a Peaceful co-existence prevail
The Balkans boil – Kosovo et al…
Hungary plays its own games…including the one with MIGRANTS. The Pope will for sure intervene and demand that Hungary opens its doors to them…
NATO expansion with Finland and hopefully soon with Sweden will cause shocks, but here you go…
In UK the mood is jovial given the forthcoming Coronation of King Charles III…
France still has issues with the pension age despite president Macron’s efforts…
Italy needs over US$ 250 billion to feel safe; another financial disaster…
Sudan’s civil-military mess if not contained, will spill over and might cause socks all over the African continent which is already in tatters… The exodus continues and costs very dear… Exploitation to the full…
China might go more than close and upset Taiwan with incalculable repercussions for the entire Pacific Basin…
North Korea looks for trouble and Japan feels uneasy. This might cause more than a friction…
India is trying to flex its muscles but there are too many domestic problems…
Saudi Arabia and Iran are trying to mend their differences… but the USA is watching very closely.
The Middle East struggle between Israel and the Palestinians as well as the entire Arab World might prove dangerous…
Iraq and Iran still with issues…
so does Libya and the entire central and East Med…
Central and Latin America still with too many issues, mainly financial ones… Caution…
Easter was observed twice and it is about time we convene and have one; after all, Christ was once Resurrected!
Time to tackle Climate Crisis and protect the Environment, not just with blah blah blah, but with real actions abandoning “vested” interests of all current energy means, which are deadly for life on Planet Ocean. Stop mickey-mousing!
On another tone and note we had the:
- I4You event
- The Posidonia Sea Tourism in Thessaloniki – fully covered…
- The Sea Asia in Singapore – with many news – see in the site
- The Barcelona Yacht Show – will revert soon..
- The Santorini “The Luxury Side of Greece” – just beginning; a more than interesting event over the weekend!
Have a nice evening and long weekend / May Day, but continue to remain on guard from actions emanating from Pirates – still around, Terrorists – again still around, Criminals and any Business Hooligans whatsoever wherever you are on Planet Ocean. A big THANKS to all still fighting the Coronavirus anathema – still with us, despite what politicians and their cronies say. Let us work collectively and restart Planet Ocean, now in debt over US$ 405 (four-hundredandfive) trillion!!! We are in Recession and together with Inflation the situation will hurt all of us!!!
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[…] (Baltic Dry Index) closed up 13 points since yesterday at 1,558 points which is 18 points down from last week’s closing at 1,576. A Capes week but otherwise bleak for all other sizes which fell both daily and weekly. CAUTION. […]
[…] (Baltic Dry Index) closed up 13 points since yesterday at 1,558 points which is 18 points down from last week’s closing at 1,576. A Capes week but otherwise bleak for all other sizes which fell both daily and weekly. CAUTION. […]