Excel Maritime Carriers has found new employment for two of its bulkers, with one at a much lower rate than its previous charter.

Gabriel Panayotides
The company has accepted $12,250 per day for an eight to twelve month fixture of its 164,218-dwt Iron Beauty (built 2001).

The twelve-year-old capesize bulker has just come off a charter that saw it earn around $17,000 per day from Cargill.

Meanwhile,