Morgan Stanley today upgraded several dry bulk shippers whose shares were up in the premarket and continue to move higher in early morning trading:

Safe Bulkers (SB) - Get Report to "Overweight" from "Equal Weight", Star Bulk Carriers (SBLK) - Get Report to "Overweight" from "Underweight", and Golden Ocean Group (GOGL) - Get Report to "Overweight" from "Underweight".

Morgan Stanley expects rates to improve in 2017 and 2018 although risk will continue to run high.