# 1.) Shippers have been scrapping older ships on a massive scale. They stretch as far as the eye can see from the beaches on Bangladash where they are beached and thousands of workers cut them up like ants! So the supply has been greatly depleted as new ship building has been slow.
# 2.) The Politburo Standing Committee (PSC) of the Communist Party of China has issued orders to implement its new strategic plan to develop China's eceonomy internally along consumer lines. Thus massive new orders are placed for commodities that will have to be shipped in. Their economy will grow more than the 7.5 % targeted rate versus the US at a mere 2% - if we are lucky.
# 3.) China is meeting with Russia. expect a thawing of relations and more business, hence shipping actrivity.
# 4.) The Baltic Dry Index is up over 28% as world economies recover.