The Baltic Dry Index is bouncing off its fourth-quarter lows as spot rates for mid-size bulkers strengthen.
The main barometer for dry bulk sentiment fell below 1400 last week, its lowest since the start of October. But the BDI managed to retrace those gains closing at 1396 on Tuesday.
Panamaxes and supramaxes have been the main drag on the index for much of the quarter amid steady capesize and handysize markets.
