Two things happened on Tuesday that augur well for dry cargo markets in the short term and in the longer term.
The Baltic Dry Index (BDI) broke through the 2,000-point level to reach its highest assessment since July.
At the same time, China — the world’s biggest centre of demand for seaborne dry commodities — announced new stimuli for its economy, which in turn could generate demand for shipping, if the nation successfully boosts its GDP growth.
