Atlantic Panamax freights under pressure
USG grain stems to CJK are concluding just over US$ 40/mt on modern tonnage at present, which is some US$ 2-3/mt lower than the business was able to fix in early October. (p. 1)

Coasters: Azov rates emerge ascendant
The longer hauls to North Africa and similar have seen more volatility than the shorter trips with rates to Israel going for as low as US$ 57/mt or as high as US$ 60/mt, depending on terms. (p. 2)

Handysizes retain role as single stable sector
Interestingly, Handysizes have pulled through the past week in the eastern basin with rates unscathed and even, in some cases, slight improvements from the week before. (p. 2)

…continue reading in today’s BMTI Daily Report.