Capesize bulkier spot rates have been lower than Panamax rates for weeks, so much lower that Cargill has fixed one that it controls to carry a load of grain from East Coast South America.
The trader has confirmed chartering the 190,000-dwt Pacific Myra (built 2019) to load grains out of the Brazilian port of Paranagua.
The ship is expected to arrive at the Parana state port on 27 March and move a Panamax-sized grain cargo to Europe.
