Dry bulk market ends the year on subdued mode, could recover on January

With the dry bulk market effectively on a lull, shipbrokers’ reports are trying to provide some sort of proper market sentiment for the days to come. In its latest weekly report, Fearnley’s said, commenting on the capesize market that as expected it
has been a quiet week. “Most owners wanting to cover before the holiday season did so last week, albeit at low levels. Some other owners with spot vessel have decided to ballast rather than face the present market, which could keep the market depressed for the first weeks of the new year.
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Source: Hellenic Shipping News