The dry bulk market has surged to its highest level in 18 months, driven by China's efforts to revitalize its economy and real estate sector. The Baltic Capesize Index (BCI) increased by approximately 78% in November, reaching the highest level since late October 2022. China's liquidity injections, bond issuance, and focus on supporting real estate developers have played a significant role in this rally. Additionally, expectations of increased investment in China's urban development, low inventories of iron ore, unprecedented traffic in South African ports, and restrictions at the Panama Canal have collectively contributed to the dry bulk market's remarkable spike. The Panamax, Supramax, and Handysize sectors have also experienced positive momentum, reflecting a broader market upswing.

SOURCE:GOOGLE