The BDI fell off the cliff since the beginning of the year. As reported by OSK Reseach, it was due to
1. Slow down of demand from China
2. Over supply of vessels
3. Stronger USD.
In the contrary, Maybulk has been surging since the beginning of the year. The rally in Maybulk does not mirror the performance of BDI. Hot speculation is the Maybulk may be embarking into corporate exercise including privatisation.
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