Bearish trends continue to bite in Handy market
Gravity has started to weigh heavier on Handy bulk at midweek with declines most notable on the long hauls into the Far East with ECSA delivery to North China losing some US$ 100-300 since Monday to settle at US$ 17,000 on modern Ultramaxes. (p. 1)
Hope remains in place for Panamax owners
Panamax shipbrokers are cautiously optimistic that market conditions will remain stable, hoping for an end-of-the-year spike. (p. 1)
Enduring dryness threatens European waterways
Continuing and historically high dry conditions across Europe have seen water levels drop such that key waterways have started to reroute traffic or stop it altogether. (p. 2)
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