China's President Xi says will extend international shipping cooperation

Report on Xi via China Central Television (CCTV), a Chinese state-controlled broadcaster

• will ensure smooth supply chains

I noted earlier comments from ANZ with a glimmer of encouragement on lower shipping rates:

• New Zealand - ANZ Commodity Price index for October +2.1% m/m (prior +1.5%)

Further to this, the Baltic Dry is lower again today.