📊 Dry FFA Analysis | 1 October 2026
🔀 Capesize decouples. The rest of the complex slips.
An unusual split across dry bulk today:
🚢 Capesize C5TC ↑: the only Baltic TC average higher
🚢 Panamax, Supramax & Handysize TC averages ↓ (-0.24% / -0.15% / -0.35%)
📉 Nov, Dec, Q4 & Q1'27 FFAs ↓ across every segment, hardest in Panamax and Supramax
🔥 Capesize led the divergence:
🚢 Spot: $45,435/day | +1.66%
📉 Nov FFA: $44,853/day | -0.36%
🔄 Cape spot flipped to a $582/day premium over Nov paper, from a $323/day discount yesterday.
📉 Nov FFA moves:
🔹 Capesize -0.36%
🔹 Panamax -1.57%
🔹 Supramax -2.10%
🔹 Handysize -0.93%
💰 Spot vs Nov paper: Supramax also flipped to a $379/day spot premium, from a $66/day discount. Panamax and Handysize discounts narrowed to $550/day and $563/day.
📉 Curve : Q4 premium over Q1'27 eased in Panamax (24.5% → 24.2%), Supramax (25.3% → 24.3%) and Handysize (31.1% → 30.8%). Capesize unchanged at 32.5%.
🎯 Market takeaway:
Capesize spot firmed against softer paper, while the smaller segments saw paper fall faster than spot, flipping or narrowing front-month spreads and easing the winter curve.
#DryBulk #FFA #Shipping #Freight #Maritime #saigalseatrade
Genuinely big day for India's private space sector. SpaceX's Transporter 18 is carrying two Indian satellites and an Indian hosted payload into orbit, all authorised by IN-SPACe.
Among them, @satleolabs TAPAS-1, India's first commercial thermal imaging payload built by a private company. Thermal sensing picks up what ordinary optical cameras cannot, from crop stress to forest fires to urban heat. A new layer of Earth intelligence, now opened up by Indian industry.
Alongside it, @tm2space's MOI-1A brings AI computing to orbit, running models on the satellite itself, and @DhruvaSpace's LEAP-2 flies four payloads, demonstrating its platform for hosting others in space.
Orbital computing, thermal intelligence, and a homegrown hosting platform, all on a single flight. This is the range and ambition of India's private space ecosystem today.
Congratulations to all three teams. Wishing you a clean deployment and a long innings in orbit. @isro@INSPACeIND@PMOIndia
You are human beings, I'm a human being; you want a happy life, and I want a happy life. But I think that aim will not be fulfilled only on the basis of material values; what we all want is affection and what we all need is to be more warm-hearted.
Once your relationships are about sharing your Joy, rather than extracting Joy out of someone else, you will have wonderful relationships with anyone. #SadhguruQuotes
3/ They ask more questions than they answer — confidence doesn't need to perform.
4/ No logos, all quality — they don't need the brand to prove the value.
Today, 40 years ago, I was at Margherita Tea Garden in Assam.
I had no plan. No idea where life would take me. I just wanted to marry the girl I loved and earn a living so I don’t depend on my mother. Nothing else really mattered.
And somehow, through the good and the bad, things did work out okay.
I have no advice for anyone. Even after 40 years, I still don’t know how life works.
All I know is someone out there has a plan for each one of us, it will happen someday, as long as we don’t stop trying.
Just don’t give up.
2. Un buen sentido del humor
Este es un aspecto que los hombres de hoy en día suelen carecer. La mayoría se toma demasiado en serio a sí mismos y no pueden sentarse a conversar con una chica con naturalidad; en lugar de bromear con ella de forma divertida, prefieren hablar de política y mecánica.