The market for dry bulk shipping's smaller assets is keeping an even keel, while the capesize sector continues its steady decline from highs not seen in decades.
The panamax 5TC, a spot-rate average weighted across five key routes, picked up $234 per day to reach $36,818 per day on Monday, improving slowly from $34,893 per day a week ago.
Shoei Kisen fixed its 84,914-dwt Jal Kamadhenu (built 2020) to an unrevealed charterer at $42,500 per day for a voyage next week from Vietnam to India via east-coast Australia.
