The Capesize index has shown a significant increase, reaching 27,774, up by 839 points and +5%. Brazil/China routes saw a 1% rise to $28,000 per day, while China/Japan routes increased by 9% to $31,000 per day. The Transatlantic route also saw a 7% rise to $21,000 per day. Despite this positive trend, Forward Freight Agreements (FFAs) are slightly down. The broader shipping market experienced mixed results, with tankers and dry bulk sectors showing fluctuations. The Baltic Dry Index (BDI) rose by 105 points to 1,919, while the Baltic Clean Tanker Index (BCTI) and Baltic Dirty Tanker Index (BDTI) saw declines. Container freight futures opened down by 3% for December contracts. European shipping markets ended the day mixed, with tankers reversing gains and dry bulk sectors remaining relatively flat. Shipping ended down in Europe with tankers -2-4%, dry bulk -2-3%, VLGCs -2%, containers -1%, and car carriers -2%. Oil prices also fell by 3%, likely impacting tanker performance.