Asia's dry bulk pounded by easing congestion, falling commodity prices

The S&P Global Platts Cape T4 Index -- a trade flow based weighted average of four key Capesize routes -- dropped 50.88% from $50,768/d on Oct. 20 to $24,938/d on Nov. 9.

Over the same period, the KMAX 9 -- a trade flow based weighted average of nine Kamsarmax routes -- slumped 29.82%, while APSI 5 -- a trade flow based weighted average of five key Supramax routes within the Asia Pacific -- fell 44.33%.