The BDI close to 2,000 points amid Armageddon

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John Faraclas

The BDI close to 2,000 points amid Armageddon

The BDI (Baltic Dry Index) gained 56 points earlier on today and now stands at 1,929 – a fraction away from  the psychological threshold of 2,000! Yesteday was a slightly better day… but let’s not be so greedy… Geopolitics as expected and predicted turning sour with Turkey putting Peace in the entire Balkans / East Med / Middle East region at stake, following its invasion in Northern Syria. John Faraclas’ brief market and Geopolitics recap:

The Capes’ BCI was up 111 points and now reads 3,319 points…

The Panamaxes’ BPI had more or less repeat of yesterday’s gains with 47 points plus and now stand at 1,899 points…

Seven points plus for the Supras’ BSI now at 1,211 and still losses – minor ones for the Handies’ BHSI – down two at 660

Another surge for the Wets; the last published BDTI (Dirties) and BCTI (Cleans) stood at 1,561 – plus 119 and 636 – plus ten points respectively! Rates for VLCC skyrocking!

The WTI was up a bit at US$53.55… CAUTION as we “hoped” for a further fall to alleviate the 7 (seven) billion poor masses on Planet Ocean!

On the Geopolitical front the Migrants continue to be the number one issue and it becomes more important since Turkey invaded Northern Syria to go afte the Kurds there AND in Iraq!  Following yesterday’s light verbal condemnations and today’s full scale ones it seems that the hype of politicians gains momentum. Turkey doesn’t understand an iota from verbal condemnations; Turkey will only understand the use of force. End of the story. We advise the politicians to stop playing with the lives of people for their own designs as this one day will backfire! Armageddon is ante portas for the entire Balkans, the entire East Med and the entire Middle East if the warmongers prevail and once again sacrifice humans – via war, destroy the social cohesion – via the MIGRANTS and business – via selling weaponry to all sides…

Greece and its newly elected centre-right government, tries to improve its position following ten bad years with austerity, scandals, lefty looney governance – thank Poseidon they are gone and an intense foreign policy with the Turks provoking in the Aegean and around Cyprus with the messy and despcibale invasion of Cyprus’ EEZ continues and the current governmant must tackle same and appropriately respond. The major powers’ position is at best pathetic…

Maritime Cypus, the three day biennial conference in Limassol was more than a success; see the four relevant daily recaps in the site!

The Balkans continue to be as explosive as ever with the two major powes – the USA and Russian in full competition and Tukey stirring up the region for destabilization puposes using alos blackmail and religion. CAUTION!

BREXIT: efforts by British PM Johnson and his Irish countepart Varadkar for a deal; but can they see the pathway for a possible agreement? Let’s see what Brexit Secretary Stephen Barclay  does when he meets the EU’s Michel Barnier tomorrow. CAUTION as no side in our humble view – and we have stated same long ago, is ready for a deal or even for a non-deal BREXIT!!!

The Trade Wars continue and it remains to be seen what the combination of the Trade Wars and those in the platoo will bring up. For a start our old issue on Planet Ocean’s Dire Straits remains… Imagine some closures a result of hostilities and then due to spill overs… CAUTION as the dangers (yes in plural) this time are more than real and can happen any time in a multiple of ways… Ah! how many know the reasons of the closure of the Suez Canal back in 1967… and its significance today with China being in any way targeted by its competitors… Too many issues and unresolved situations remain: The Hormuz case  following the arrest of  the “Stena Impero” as a tit for tat for the Iranian VLCC “Grace 1” in Gibraltar; another mess and cover up there… What a fiasco!!

Watch the Biden issue with whatever the issues with Ukraine and China; does president Trump has a case to answer or all its a Democrats plot and there will never be an impeachment? The final result following respective voting, investigations and other means will tell us… Watch this space!

In South America another issue surfaces following the ongoing Venezuelan, Brazilian, Argentina and Colombian cases: Equador and the merciless demos in Quito where the indigenous won’t give up their rights and other issues… CAUTION!

In Hong Kong the unrest – nearly over three months now, might bring in more mess. Currently Christians are trying to be a “buffer zone” between the demonstrating locals and police chanting : “Don’t beat the kids, beat us”; Shame. Once again: CAUTION as the repecussions of a mainland Chinese intrusion will be devastating for all to all intents and purposes.

In South Africa now; wonder what’s up with the Gupta brothers and their sanctioning by the USA! Corruption must be stopped in any way!

Putin’s Russia is closely watching all the above happenings; the Japanese too… Watch out the North Korean subs and nukes tests…

More bushfires in South Australia – New South Wales in particular with the authorities saying this has been the worst start to the fire season on record in some areas there…

Today is also the World Mental Health Day and it’s a good chance for the politicians to pay a visit to the mad house and cuckoo’s nests… and face the music as almost 99 of them have gone, with all due respect,  gaga! This is what their actions saw us today!

More news tomorrow with the full daily and weekly recaps…

On another tone and note, ink your diaries and ensure you can make it to:

The 2020: A Shipping Odyssey on 15-17 October 2019 at Stamford, CT, USA

The IBIA Istanbul Convention 22 – 24 October 2019…

The WISTA International AGM and Conference at Cayman Islands on 29 Oct to 1st of November 2019…

The Marine Money in New York on the 13th of November 2019

That’s all for tonight; have a nice evening and remain on guard from actions emanating from Pirates, Terrorists, Criminals and Business Hooligans whatsoever wherever you are on Planet Ocean; we are living in interesting times…

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