Two panamax bulkers have fetched one-year time charters at daily rates that reflect sliding period rates in the sector.

Torvald Klaveness on Monday chartered Fortune Ocean Shipping’s 81,800-dwt Xing Shun Hai (built 2018) at $16,500 per day, according to data from the Baltic Exchange.

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The Norwegian operator will take delivery of the kamsarmax on Wednesday in Chiwan, China, and can redeliver it anywhere in the world.