The BDI (Baltic Dry Index) managed to surpass the 1,000 points threshold and now reads 1,110 – 13 points plus since yesterday and 132 plus since last week’s 978 (21/07/2023), bringing some hope in yet another summer of discontent. The Wets still below the psychological level of 1,000 points with the Dirties on a downward mode and the Cleans on an upward one… The Geopolitical chaos continues and be prepared for everything. The Kremlin would not digest – at least for now, any further losses and expect mess and further conflagration in the region… The more Ukrainian fight back, the more Putin’s wrath. A ceasefire MUST be done here and now leading to a square Peace deal. John Faraclas brief daily and weekly recap:
The driving force of the BDI’s rise is mainly the Capes and to a leaser extent the Panamaxes.
The BCI was up 29 points since yesterday and now reads 1,830; on a weekly basis the Capes were up 338 points from last week’s 1,442 gaining the 1,500 to 1,800 points threshold levels.
The Panamaxes’ BPI was up 20 points since yesterday and now reads 975; on a weekly basis the BPI was up 51 points – from 924 last week.
Falling Supras and Handies; the BSI was down seven points since yesterday and now stands at 726. the weekly losses were 32 points – from 758 (21/07)…
The BHSI lost one point and the 400 points threshold and now reads 396; the weekly losses were four points from 400 (21/07).
So all in all a bit of a better overall picture but remember; one or two sizes do not form / make a healthy Dry Market. Obviously we have the Ukrainian mess… so be careful… The hope remain the inland waterways trade (Danube) as well as the Croatian Adriatic Port for Ukraine’s cargoes…
The Wets peculiar with the BDTI and BCTI on an up and down mode. The last published BDTI (Dirties) and BCTI (Cleans) stood at 873 – minus eight and 697 – plus 26 points respectively. Note that the Dirties lost the 900 points threshold… The Dirties lost 67 points since last week’s 940 points and the Cleans gained 87 – from 610 (21/07). A strange Wet market…
The WTI gained 49 cents since yesterday and now reads US$ 80.59; on a weekly basis the WTI was up US$ 11.02 (from US$69.56 on 21/07. The US$ 70 and US$ 80 levels were “conquered” CAUTION. One again we reiterate the view that the WTI should be maximum US$ 49.99…
The FTSE 100 was up 1.51 points since yesterday and now reads 7,694.27. Same was up 30.54 points since last week’s 7,663.73. A good overall upwards performance since the 18/07…
The Dow Jones was slightly up, 176.57 points since yesterday and now reads 35,459.29. On a weekly basis the DJ was up 231.60 from 35,227.69 (21/07). Overall the Dow Jones had a good performance since the 07/07 when it stood at 33,734.88 points!
The NIKKEI was slightly down since yesterday and now reads 32,759.23 – minus 131.93. On a weekly basis the NIKKEI was up 454.98 – from 32,759.23 (21/07)
The Euro vs. USDollar parity stood at 1.1035 from 1.0978 yesterday; the weekly score was 0,0097 (1.1132 on 21/07). CAUTION!!!!
For the Ship Sales and Purchase Front, our message remains the same: go for newbuildings with ultra real ecological propulsion means; no other excuses – you dead well know what I mean…
The Electric cars are facing a major issue given the latest event on a car-carrier off Rotterdam; what’s next? This is a very serious issue. Watch this space…
On the Geopolitical front expect widening of the war in Ukrainian and conversely spill over. Many nations in the region, mainly NATO and EU members are taking protective steps for defending their territory.
Curb here and now the Migrants despicable issue… No further excuses; we had enough, everybody got enough!!!
Get your act together to counter on Climate Crisis following dramatic Climate Changes. Prevention is the name of the game and pin down the arsonists – arsonists of any kind, who take advantage of the wildfires.
What’s on with ex USA president Donald Trump? Exciting news might come into light. Watch this space.
Caution in Niger…
South Africa might see a major political change. What’s the future of ANC?
The Middle East: an area to be watched too… like the Balkans, Central and East Med.
Turkiye must reason with reality and abandon megalomaniac plans which will upset all of its neighbours, Greece and Cyprus in particular…
China tries to make steps forward but things are not favouring Beijing’s plans.
Japan is watching all issues in the Far East.
North Korea is pressing hard and might cause despicable issue in the region, but also harm the North Korean People…
More Geopolitical news soon…
An interesting Sports Summer with a lot of Sailing competitions, Swimming and Water Polo AND the FIFA’s Women World Cup 2023 in Australia and new Zealand.
Have a nice evening and weekend 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!!! Let us save the Environment without any further excuses… Meantime, we are in a Recession and together with Inflation the situation will hurt all of us!!!
