Bulker rally continues, leaving Capes behind (17-July-2017)

Western Handies continue rate rally Capesize vessel
Atlantic Handy bulkers show no signs of slowing on front hauls with low teens having climbed to mid teens in the course of the past week and US$ 15,000 daily set at the new benchmark on Supramaxes ex-Black Sea to the Far East. (p. 1)

Eastern scrap trade in flux
Scrap charterers were rating 30,000 dwt tonnage at US$ 3,000 daily for a trip ex-Japan to USWC versus owners’ idea of low US$ 4,000. (p. 2)

PG remains lucrative delivery for owners
Trips ex-PG to ECI are paying handsome rates in the US$ 12-13,000 range as owners up the ante. (p. 2)

…continue reading in today’s BMTI Daily Report.

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