Capesize freights are off to the races
A handful of new period deals (with standard tonnage getting US$ 20,000 daily for a year-long duration) and a few Pacific rounds proved to be enough to sent sentiment surging again. (p. 1)

Pac Handysize owners resist downgraded rates
Coal charterers so far have not been able to find tonnage of 35,000 dwt at US$ 7,500 daily for a trip from Indonesia to Bangladesh for which some owners would like as much as US$ 9,000 daily. (p. 2)

Bauxite’s outsized influence among minor bulks
The long haul is said to have accounted for 12% of tonne-mile growth in 2017 even as bauxite still makes up a tiny 2% of the dry bulk trade. (p. 2)

…continue reading in today’s BMTI Daily Report.