DRY BULK

摘要

1.Led by a rebound in Capesize spot earnings, the BDI has reached a new high for the ytd of 1,172 points, which is almost triple its corresponding 2016 level. 2.Sentiment for the balance of 2017 has also firmed with FFA markets now pricing the highest calendar year for average Panamax TC earnings since 2013. 3.Steel, iron ore and coal prices all remain at profitable levels for producers, supporting annual growth in dry bulk trade. 4.Fleet supply is responding to firmer freight market with February representing the ninth straight month of positive net fleet growth.