Markets

GLOBAL & REGIONAL DAILY (Thursday 18 June 2020)

GLOBAL & REGIONAL DAILY (Thursday 18 June 2020) 

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

June 18 2020

Global Markets

Investors retained a cautious stance on risk assets earlier today amid rising fears over a second wave of COVID-19 infections. Elsewhere, the USD remained well-supported and USTs firmed, favored by increased hopes of more stimulus and yesterday’s well-received 20-yr bond auction. Today, the BoE will publish its policy decision from the meeting that ended yesterday.

Greece

According to the...

https://www.allaboutshipping.co.uk/2020/06/18/global-regional-daily-thursday-18-june-2020/

Shipping number of the week: Capesize earnings leap USD 4,250 per day – largest daily jump since 2013

Shipping number of the week

Capesize earnings leap USD 4,250 per day – largest daily jump since 2013

On 17 June 2020, the Capesize average earnings jumped a staggering USD 4,250 per day, the largest daily gain since 2013, settling at USD 19,036 per day. Capesize average earnings have rallied in recent weeks, but Wednesday’s observation marks the first time in 2020 that average earnings have risen above the estimated break-even level.

For now, volatility appears to be back at full scale with...

https://www.allaboutshipping.co.uk/2020/06/18/shipping-number-of-the-week-capesize-earnings-leap-usd-4250-per-day-largest-daily-jump-since-2013/

Capes volatile surge lifts the BDI but Wets fall is a liability

John Faraclas

Capes volatile surge lifts the BDI but Wets fall is a liability

The BDI (Baltic Dry Index) was up 192 points since yesterday and now stands at 1,246 points surpassing both 1,100 and 1,200 points threshold thanks to the Capes. All other sizes were up but not to this level… Wets in disarray. Geopolitics soon will be “governed” by bloodshed…. John Faraclas’ midweek brief Market and GeopoliicsRecap:

The Capes surged was unprecedented and looks likely same will continue; today the BCI was...

https://www.allaboutshipping.co.uk/2020/06/17/capes-volatile-surge-lifts-the-bdi-but-wets-fall-is-a-liability/

Capes lifts BDI above 1,000 points whilst Wets dive amid Geopolitical chaos…

John Faraclas

Capes lifts BDI above 1,000 points whilst Wets dive amid Geopolitical chaos…

The BDI (Baltic Dry Index) gained 81 points since yesterday and now “safely” stands above the 1,000 points at 1,054, thanks to the triple digit surge of the Capes. The Wets fall is now bothering all as same is expressed in double digits… Geopolitics are about to enter the Warring period with Turkey and its backers rocking Peace. John Faraclas’ brief daily recap:

The Capes’ BCI gained 206 points since...

https://www.allaboutshipping.co.uk/2020/06/16/capes-lifts-bdi-above-1000-points-whilst-wets-dive-amid-geopolitical-chaos/

GLOBAL & REGIONAL DAILY (Tuesday, 16 June 2020)

GLOBAL & REGIONAL DAILY (Tuesday, 16 June 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

June 16 2020

Global Markets

Global equity markets moved higher earlier today, supported by the Fed’s announcement that it would buy corporate bonds through the secondary market corporate credit facility (SMCCF). Pressured by risk-on mode, long-dated USTs and the USD weakened. Fed Chair Jerome Powell testifies before the Senate Banking Committee (14:00 GMT).

Greece

According to the preliminary data for the State Budget...

https://www.allaboutshipping.co.uk/2020/06/16/global-regional-daily-tuesday-16-june-2020/

Continuous Dry surge whilst Wets struggle amid enigmatic Geopolitics

John Faraclas

Continuous Dry surge whilst Wets struggle amid enigmatic Geopolitics

The BDI (Baltic Dry Index) gained 50 points since last Friday and now stands at 973 – very close to the 1,000 point threshold; hopes are still alive… A good start for this crucial week! The Wets struggle… Geopolitics given the Wold Debt of US$ 260 trillion, the unique Recession and the Coronavirus (COVID-19) anathema will rock the boat of Peace. CAUTION. John Faraclas’ brief daily recap:

The Capes’ BCI gained 25...

https://www.allaboutshipping.co.uk/2020/06/15/continuous-dry-surge-whilst-wets-struggle-amid-enigmatic-geopolitics/

Diana fixes panamax “Maera” on period to Ausca

DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT  FOR M/V MAERA WITH AUSCA

ATHENS, GREECE, June 15, 2020 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Maera. The gross charter rate is US$8,600 per day, minus a 5%...

https://www.allaboutshipping.co.uk/2020/06/15/diana-fixes-panamax-maera-on-period-to-ausca/

GLOBAL & REGIONAL DAILY (Monday, 15 June 2020)

GLOBAL & REGIONAL DAILY (Monday, 15 June 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

June 15 2020

Global Markets

Global equity markets kicked off the week in a negative tone amid mounting fears of a second COVID-19 wave. Risk-off mode fueled demand for both USTs and German Bunds and oil prices remained under pressure.

Greece

Greece’s airports open today to more international flights, with a view to kick-starting the tourism season. On the economic data front, the building permits for the private...

https://www.allaboutshipping.co.uk/2020/06/15/global-regional-daily-monday-15-june-2020/

A Capes dominated Dry Market with Wets diving further amid explosive Geopolitics

John Faraclas

A Capes dominated Dry Market with Wets diving further amid explosive Geopolitics

The BDI (Baltic Dry Index) gained 84 points since yesterday (839)  and now stands at 923 points; on a weekly basis the BDI was up 224 points – from 679 on 5 June and 329 since 29 May when it stood at 504 points. What a surge, thanks mainly to the Capes… On the …antipode the falling Wets… CAUTION ! Geopolitics on a turning point. John Faraclas’ daily and weekly recap:

The  Capes’ BCI was up 223 points...

https://www.allaboutshipping.co.uk/2020/06/12/a-capes-dominated-dry-market-with-wets-diving-further-amid-explosive-geopolitics/

GLOBAL & REGIONAL DAILY (Friday 12 June 2020)

GLOBAL & REGIONAL DAILY (Friday 12 June 2020)

GLOBAL & REGIONAL DAILY

HIGHLIGHTS

June 12 2020

Global Markets

Oil prices resumed their downtrend, pressured by increased excess supply worries and fears about a second wave of COVID-19. Meanwhile, UST yields were higher on the day, but still not far from post-FOMC lows favored by global equity markets’ lackluster performance.

Greece

The Eurogroup that convened yesterday consented to the release of the 3rd tranche of the policy-contingent debt measures,...

https://www.allaboutshipping.co.uk/2020/06/12/global-regional-daily-friday-12-june-2020/

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