The Baltic Dry Index (BDI) maintained the momentum from last week as the latest data indicates China's steel output is at the highest level since 2014.
The broad index of shipping rates notched a Monday close of 1065, the highest since August 2015.
The day's trading saw reports emerge of Brazil-to-China journeys for capesize bulkers at $12 to $12.25 per tonne, up from $11.75
