Atlantic Panamax trends remain positive
An obvious recovery in Atlantic sentiment is afoot with strong upgrades noted on both trans-Atlantic and front haul business with upwards of US$ 500 added to both runs, taking them to US$ 7,500 daily and US$ 12,000 daily, respectively. (p. 1)

Eastern Handy bulk freights under pressure
For Indonesia to New Zealand rates have dropped to around US$ 11.0-11.5/mt. (p. 2)

Oil gains after Saudi Arabia cuts production
Global prices for crude oil closed higher on Thursday after intra-day fluctuations. (p. 5)

Continue reading in today’s BMTI Daily Report.