Last week, in a comment in a thread elsewhere, I made an observation that the dry bulk shipping sector was not having a great Q3. Then I hedged my statement with an additional comment with “at least, quarter-to-date” had not been great.
Boom! Fourth consecutive positive day for the Baltic Cape Index, leads to an 11-month high for the Baltic Dry Index (BDI). This confirms the index as a very bouncey niche
Baltic index scales 11-month peak on strong capesize rates | Hellenic Shipping News Worldwide
Likely too late for a Q3 impact on individual dry bulk shipping names. But, it does set the table for possibly an improved Q4 market for some of them e,g, Golden Ocean (GOGL) - with a majority of their Cape size vessels trading spot