Panamax bulkers saw steady rate gains this week amid high demands for Americas-sourced grain and Australian coal.
The weighted time-charter equivalent (TCE) average for the ships that carry from 70,000 dwt to 83,000 dwt gained to $14,070 per day on Friday, a 27% jump on the prior week.
The rate for the benchmark US-China route improved 9% to $43.25
