The paper market for capesize bulker spot rates is on fire, while futures contracts for panamaxes appear to be losing steam, reflecting a correction in the physical market.
Average spot rates moved up again on Tuesday for capesizes and supramaxes in the physical market.
Panamax spot rates moved slightly lower on Tuesday, but are still commanding at least a $2,000 daily premium over capesize vessels, according to Baltic Exchange assessments.
