Recovery seen in Panamax front hauls
Panamax front hauls get a modest revival at the end of the week as a surge in eastbound demand from South America and the Continent helps push rates back up by some US$ 500 into the high teens of US$ 17-18,000 on UKC delivery—or even up to US$ 20,000 on ECI redel from the Continent. (p. 1)

Black Sea Handies looking bubbly with grains
Handysize grain stems continue emerging from the Black Sea trade area, with Bunge quoting 25,000mt from Nikolayev to Morocco, talking US$ 12-13/mt basis free d/a at loading. (p. 1)

Indian Ocean highlight for eastern Handies
The buoyancy in the Indian Ocean market seems to be unbroken. (p. 2)

…continue reading in today’s BMTI Daily Report.