Dry bulk: Mixed; Tankers: Firmer; Ship values: Wet: Softer; Dry: Softer

摘要

1. A sharp rebound in Capesize spot rates lifted the BDI to an 8-month high of 1,484 points in early November. 2. Market expectations that this would prove a temporary spike appear to be supported by the subsequent retreat in the Index to 1,264 points. 3. Historically high iron ore and grain trade volumes have the potential to create further spot market volatility, but weak Chinese coal imports are a negative influence. 4. A 4-year low for bunker prices has limited the upside for voyage rates.