The dry bulk market has risen to its highest level in 18 months, with many market delegates stating that China’s efforts to rejuvenate the country’s economy and more specifically its real estate sector, is providing an important boost to the dry bulk market as well. In its latest weekly report, shipbroker Xclusiv said that “the BCI has increased by around 78% within the month of November. The Panamax sector continued its sharp increase and closed the week at 2,064 points (the highest level since late October 2022), counting 14 positive closings in a row and having increased around 43% since 6th November 2023.
