Rapidly rebounding midsize bulker rates lifted the dry bulk spot markets despite the blow of an Indonesia coal ban.
The P5TC, the Baltic Exchange's measure of panamax bulker spot rates on key routes, opened the shipping marketplace's first trading day of the year at nearly $25,900 per day.
That marked an 11.7% jump since the last trading day on 24 December, when rates clocked in at just $23,200 per day.
