The world has already ended: you just haven’t noticed yet
Governments supporting a return to consumerism with consumption tax cuts and dining-out vouchers are missing the point. As the head of the WHO said this week, there is no going back to the old normal….this pandemic is just beginning and we can’t bank on herd immunity or or a vaccine to overcome the crisis. Changes to behaviour will become permanent.
Moreover, consumers around the world have noticed the environmental benefits of slower...
ECB pauses after easing sprint, Global Public Investor 2020 launch
Wednesday 15 July 2020 – Vol.11 Ed.29.3
Commentary: ECB pauses after easing sprint
By David Marsh
On 16 July the European Central Bank’s 25-member governing council will deliberate on what has been the most active period in ECB history. After massive easing action the council is expected to mark a decision-making pause. There are 10 key issues on their minds – ranging from the pandemic emergency purchase programme and the German...
John Faraclas by GTP
BDI falls further… Geos totally perplexed amid rising Coronovirus cases
The BDI (Baltic Dry Index) lost fifty points since yesterday and now stands at 1,742 points. Geopolitics are totally perplexed and Coronavirus (COVID-19) rises further. John Faraclas daily recap:
The Capes’ BCI lost 169 points plus the 3,200 and 3,100 threshold. CAUTION.
No change for the Panamaxes’ BPI – still at 1,597 points… and this is a worrying point!!!
The Supras’ BSI clinched 19...
Containership markets plot uncertain course to recovery says MSI
New HORIZON Monthly report shows freight rates remain high, blanked sailings have hit charter markets and coming quarters continue to hold risk
London, 24 June 2020. Containership markets are exhibiting contradictory signals as the global economy continues its tentative emergence from lockdown. In the first of its new HORIZON Monthly reports, Maritime Strategies International analyses the forces at play in freight and charter...
Soren Holl
Excellent year for KPI Bridge Oil
KPI Bridge Oil today announced strong growth and earnings. Following the successful execution of the transition to the 2020 IMO fuel regulations, as well as the announcement of the acquisition of OceanConnect Marine, the company looks forward to the challenging year ahead with confidence and optimism.
KPI Bridge Oil completed its financial year, ending 30 April 2020 with Earnings Before Tax (EBT) of USD 28.5 million, and revenue of USD 2.2 billion. The...
https://www.allaboutshipping.co.uk/2020/06/23/excellent-year-for-kpi-bridge-oil/
Ernst Prost, Managing Director of LIQUI MOLY (photo: Holger Karkheck)
Minimum wage and old age poverty due to distortion of competition with tax money
LIQUI MOLY Managing Director Ernst Prost on social dumping at the expense of the state
In today’s circular letter, Ernst Prost, Managing Director of...
Expert panel discussion on Drybulk shipping and trade
Drybulk Under Siege
25 06 2020 – 11:00 CET
https://www.allaboutshipping.co.uk/2020/06/19/expert-panel-discussion-on-drybulk-shipping-and-trade/
BCG@Delphi 2020
JUNE 2020
Delphi Economic Forum V | Digital
Last week, 5th annual meeting of the Delphi Economic Forum was held, this time virtually, joining leading minds in policy, business and academia, in insightful discussions on the “Day after”; what is required to ensure a safe and successful recovery after the COVID-19 pandemic.
Despite the challenging circumstances, there has been a positive stance, focusing on lessons learnt, sustaining but also capitalising on the success of Greece in...
https://www.allaboutshipping.co.uk/2020/06/19/bcgdelphi-2020/
GLOBAL & REGIONAL DAILY (Friday 19 June 2020)
GLOBAL & REGIONAL DAILY
HIGHLIGHTS
June 19 2020
Global Markets
The BoE kept its benchmark interest rate unchanged at 0.10% and expanded its asset purchases by £100bn to £745bn. In FX markets, the USD retained a firm tone across the board, favored by rising fears over a second wave of Covid-19. The European Council meets via teleconference today to discuss the European Commission’s proposal for a recovery fund.
Greece
In Apr-20, among the enterprises...
https://www.allaboutshipping.co.uk/2020/06/19/global-regional-daily-friday-19-june-2020/
John Faraclas
Capes sky rock but it might turn sour; Wets struggle and the Drums of War can be heard
The unprecedented rise above the 3,500 points of the BCI can be short-lived once China and others complete their purchases. The BDI (Baltic Dry Index) with 281 plus points since yesterday now stands at 1,527 with the Capes being its greatest contributor. Wets still struggle down the bottom and Geopolitics will soon be under an all-out War… roof. John Faraclas’ daily market brief:
With 1,217plus...