Dry Bulk Rate Trend

Strong momentum for Atlantic Panamaxes
Positive trends accelerate for the western Panamax market with strong gains in trans-Atlantic trades pushing the TARV benchmark over US$ 11,000 after a number of weeks in the four digits. (p. 1)

Baltic-based Handy bulk rates ascendant
Off the Baltic, a 37,000 dwt was booked for a cargo to South Africa equivalent to US$ 13,250 daily. (p. 1)

Coasters: Northern rates rise as Q2 approaches
With weather warming as well as the new quarter approaching, business activity has continued to warm up in the northern European coaster markets, according to brokers, with owners finally securing upgrades in their freight offers. (p. 2)

…continue reading in today’s BMTI Daily Report.