Dry bulk shipping market: China has seen declining in imported dry bulk shipping market. The rate in Capesize sector continued to decline and panamax freight rate picked up. The freight rate of handysize slightly fell down.

Vale has entered the peak season of exporting iron ore and price declining can help increase imported iron ore by other countries. Large amount of US grains in the market made tight of panamax fleet. The greatest risk in short term is still high inventory from ports.

Capesize: capsize shipping market in the Atlantic basins were limited but cargos from west Australian miners increased. Finally BCI closed at 1758 points with a drop of 5.08%.

Panamax: the freight rate in spot market has declined in Chinese holidays, which also caused decrease of cargos in Southeast Asia. Positively cargos in Atlantic area increasing brought the rise of the freight rate. BPI closed at 887 points, rising by 9.91%.