Hong Kong's Parakou Shipping has locked a bulker into a charter tied to the Baltic Supramax Index.
The charter comes amid a busy time for period fixtures in the Pacific supramax market, according to the Baltic Exchange.
The 10- to 12-month charter will see Singapore's Siva Shipping pay 112% of the BSI for the 63,600-dwt CP Guangzhou (built 2015).
The ship delivers into its new charter in mid-August, according to data from the Baltic Exchange.
In
