Hong Kong new listings rallied: Ketuo Co. (02272.HK) surged 178.38%, Zhongke Wenge (01956.HK) rose 81.22%, and Xinqi Weizhuang (09630.HK) gained 73.70%.

The Baltic Dry Index fell to a two-month low on Friday, sliding 67 points (2.6%) to 2,524 — its lowest level since April 16 — and closing the week down 7.3%. The Capesize index (BCI) dropped 187 points (4.9%) to 3,640; Capesize daily earnings fell $1,694 to $29,511. The Panamax index (BPI) rose 14 points (0.7%) to 2,110, with Panamax daily earnings up $125 to $18,990. The Supramax index (BSI) declined 8 points (0.5%) to 1,670, its weakest since June 15. On the week Capesize and Supramax lost 12.3% and 2.8% respectively, while Panamax was up 0.7%. The Handysize index (BHSI) ticked up 2 points to 945.

June 26 — The Ministry of Natural Resources’ National Marine Environmental Forecasting Center said its domestically developed global marine heatwave forecast product entered operational service on June 26. Marine heatwaves are defined as sea surface temperatures exceeding the local climatological mean for five consecutive days. The product forecasts onset, evolution and decay, spatial extent and and intensity changes of marine heatwaves worldwide over the coming week, and is intended to improve China’s marine heatwave hazard prediction and emergency response capabilities.