Futures markets suggest Capesize recovery
Long-term derivatives have 2018 Capesize contracts approaching a key level of resistance at US$ 11,990, according to FIS, suggesting a stronger medium term than many would likely believe right now with the Cape spot rates still in clear decline, albeit slowing. (p. 1)

Coasters: Ice growth fails to keep Azov rates up
Ice conditions are worsening, which would theoreti- cally give shipowners something of an edge in negotiations as tonnage turnaround would slow and tighten available capacity, but such far any bullish impact of the same has been negligible. (p. 1)

Far Eastern Handy bulk closes week of positivity
WC India trips to North China are getting very strong freights in the high US$ 8,000s with talk of low US$ 9,000s already on the books. (p. 2)

…read more in today’s BMTI Daily Report.