The dry bulk market picked up on Tuesday as the Americas stepped up to provide coal and grain exports that are not coming from Russia and Ukraine during the ongoing conflict.
The panamax 5TC, a spot-rate average across five key routes, improved 4.8% to $27,367 per day, according to Baltic Exchange data.
Navios Maritime Holdings’ 82,224-dwt kamsarmax Navios Southern Star (built 2013) was said to be fixed for a transatlantic trip from the US Gulf to Europe at $21,500 per day, the exchange said.
