Shipping Markets still without steam; Geopolitics becoming a dangerous liability for all

The BDI (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. Wets volatile. On the Geopolitical front we are heading for a multiple and spectacular collision which will lead to a global crash. John Faraclas’ brief daily and weekly recap:

The Capes were up 59 points since yesterday and now the BCI reads 2,384; on a weekly basis same was up 83 points – from 2,301 last week.

Falling Panamaxes with the BPI own 13 to 1,501 points and down 85 since last week’s 1,586…

The Supras’ BSI continued to fall losing nine points and now reading 1,096; on a weekly basis the BSI was down 69 points – from 1,165 losing the 1,100 points threshold…

Minor losses but losses for the Handies with the BHSI down six to 645 points. Eight points lost since last week’s 663 points.

All in all, a …Capes market which as numerous times said: cannot constitute a market… CAUTION!

The Wets volatile; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,072 minus five and 694 minus 25 points respectively. On a weekly basis the Dirties were up 25 points – from 1,046 and the Cleans down 58 from 752 points. Volatility at its best!

The Geopolitical situation continues to be despicable and dangerous for all.

The MIGRANTS still remains 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 Ukrainian mess continues and soon enters as said last week the 15^th (fifteenth) month. We reiterate the view that the outcome will be more than a surprise. We are far from a Peace deal. Ukrainians will launch a fierce counter attack against the Russian Forces, but the drones and ballistics will have their say from both sides… Will Putin order the flattening of Ukraine?

The European Union remains in a mess particularly as the society cannot cope with the cost of living!!! What Brussels can do?

Turkiye and Greece are having  elections on 14 and 21st of May respectively and looks likely we might have an inconclusive result in both countries and further elections will come up, creating more mess. From these elections and their results, the relationship between these two countries will be “shorted out” one way or another! CAUTION!!!!

The Balkans continue to boil – Kosovo et al… It’s not over yet..

In UK the mood is jovial given the forthcoming Coronation of King Charles III tomorrow. A great event not to be missed…

France still has issues with the pension age despite president Macron’s efforts… Inflation too!

Italy hasn’t find yet the US$ 250 billion to feel safe; another financial disaster can be expected there. What can Ms Meloni do?

Sudan’s civil-military mess remains an enigma. Nobody respect there human life. CAUTION!!! 

China now seeks ways to mend the relationship with USA. Can they do it? Will Taiwan be the only thorny issue?  

North Korea remain a liability in the region…

The Middle East might erupt yet again…

Iraq and Iran remain in difficult circumstances both within and internationally! CAUTION 

Libya in tatters and the status quo in central and East Med might change. Too many predators around. Watch this space!

Central and Latin America must short out their finances… Argentinians are drawing money from the banks there…

We insist that the Time has come 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!

Have a nice evening and long weekend / Coronation bank Holiday also, 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!!!