Let's open up with the latest BDI numbers, coming in up 5 points today at 606. Not much to say about that for now, but if it's anything to be excited about technically, we are making higher lows. News from Korean markets is coming in that Hyundai Merchant Marines is near closing a deal to refinance some of it's long-term charters. This will impact Navios Maritime Partners (NMM), as they are one of their largest contracts. This has been a point of concern for some time, as it had not been known if HMM would just collapse or what would happen. The news of a possible deal gives positive hope to a dire situation. Most people familiar with the event expect that NMM will receive lower rates in exchange for an equity stake in the troubled Korean shipper. NMM had been up over 10% this morning but has pulled back a bit to $1.49/share, or about an 8% gain for the day so far. Meanwhile, shares of Navios Holdings (NM) continue their win streak, now up 4 trading days in a row, up about 5% on the day, and 70% altogether since reporting earnings on May 24th. Safe Bulkers (SB) and Scorpio Bulkers (SALT) are also up on the day.