Scrubber program completed and all 17 Cape scrubbers ready now. Last installation done in mid-January. Capes are capturing value from IMO2020 changes and cape volatility adds upside optionality to bar bell strategy. Dry bulk market weakness accelerating into 1Q2020. The Baltic Capesize Index (BCI) average of 822 so far in 1Q2020 is down 71% from 2,837 in 4Q2019, and the Baltic Supramax Index (BSI) average of 578 so far in 1Q2020 is down 40% from 956 in 4Q2019. While IMO2020 adjustments to the indices are partially to blame, the dry bulk market has clearly been weaker than expected and uncertainty is high.Read More >>