The Baltic Dry Index experienced a notable fluctuation, initially rising by 3.40% to reach 1581 points, before declining by 4.55% to 1509 points. The Capesize index also showed volatility, increasing to 23,049 points before dropping to 21,302 points, reflecting a decrease of 1,747 points. In the container shipping sector, the Harpex index reported a strong performance, rising nearly 3% to 2033 points, while container freight futures showed mixed results. December contracts increased by 3%, while February contracts rose by 1%. Conversely, the SCFI container futures for December and February fell by 1% and 8%, respectively, indicating a challenging environment for container shipping. ZIM Integrated Shipping Services saw its stock decline by over 4%, down 27% from its recent earnings high, amidst a trading volume of around 1 million shares. The overall market sentiment remains cautious, particularly for tanker owners, as highlighted by warnings regarding the impact of a shadow fleet on the tanker market.