DRY BULK: SOFTER • TANKERS: SOFTER • SHIP VALUES: TANKER: SOFTER DRY: STEADY

摘要

1. The past month has left the Baltic Exchange Dry Index down 37% month-on-month and at its lowest since mid-June. By far the most significant fall in percentage terms was the drop of $16,000/day (55%) in the Cape TCs. 2. Demand for corn in China is expected to rise sharply in the coming year. The five-week total of US corn, soyabeans and wheat exports to 29 October was the highest for any five-week period since 2016. 3. Vessel demand in the Pacific is heavily influenced by the flow of coal into China. 4. Handysize average earnings have been slower to retreat than their Supramax counterparts.