Baltic Dry Index continues to recover for a third consecutive quarter to a yearly high of ~825 levels. The improvement in BDI could be attributed to both consolidation within the shipping industry (through bankruptcy/merger) and seasonality attributed to BDI, which typically sees a relative increase heading into October-December period. For H2FY17, BDI is expected to be on a much better footing compared to beginning of the year when it tumbled to an all-time low of 290 points. Average BDI for September grew 22% MoM (down 7% YoY) to 825....