Rates surge for Capes as 2017 business begins
Starting the year with a bang, Capesize rates surge by as much as US$ 2,000 from their pre-holiday levels to put the Pacific round voyage back into the five digits of US$10,000 daily plus on 180,000 dwt ships. (p. 1)

Coasters: Volatility in Black Sea long hauls
Long runs to the Egyptian Med (grains of 5,000mt on 46′ stowage) are getting freights of US$ 37/mt and US$ 38/mt from Azov and Rostov, respectively. (p. 2)

Turkish scrap imports grow nearly 11% in 2016
Imports of scrap metal from the US, still Turkey’s top supplier, declined by 8.6% in the 11 months to 3.1 Mt while those from Russia, Turkey’s second-biggest supplier, rose by 7.9% to 2.4 Mt. (p. 2)

…continue reading in today’s BMTI Daily Report.