Classical risk off rally today starting from the afternoon session: big price move but also a lot of liquidation. So most of the buy trades were just short covering. The news was China's big port due on US related vessels kick in today, which may force the carries to withdraw some capacity etc.
What may have gone unnoticed in the market was the Maersk listed $1,800 per FEU for the 30 Oct i.e. the first week of November, which is even lower than the freight rates that it quoted for the shipments