@DryBulkETF Check the numbers again. As I remember, cape spot has rarely exceeded 20K until Oct. As you know, this year avg. cape spot has been much higher than last year so far.
Reuters, citing LSEG data show, reported that the registered owner of the ship is Grace Ocean Pte Ltd. and is managed by Synergy Marine Group.
I don't know why ppl think the ship is related to $SBLK. It is fake news.
https://t.co/oafrDiqoMs
Today, the BCI is up almost 10%. It is very bullish news for the $NVDA.
Only the shipping industry experts and investors are deeply concerned on the Houthis everyday. Whether ships are attacked or not, shipping equities woundn't move.
$GOGL $SBLK $GNK
@christankerfund Almost all shipping stocks in Oslo are going down although yesterday was the most busiest day for the Houthis. Whether the ship has sunk or not, the market doesn't care about the Red sea issue anymore.