Ahoy DryShippers!
Capesize turned slightly positive but the smaller vessels lost ground taking DBI with them. We are starting to hear more chatter about the breathing room (or lack of same) regarding breakeven operations. Another spanking in the works for second hand vessel valuations that are expected to decay perhaps significantly thru 12.
Do not listen to any sad shipping songs like the wreck of the ejf, especially if you happen to be palms in.
Good Fortunes
Ski
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