Spot rates for handysize bulkers kept their upward momentum on Wednesday as those for the larger assets declined and pulled down the overall market.
The handysize 7TC — a spot-rate average weighted across seven routes — has improved steadily by 76% since 15 April to $31,602 per day, according to the Baltic Exchange.
Meanwhile, the Baltic Dry Index lost 64 points over the past two days to land at 3,154 points on Wednesday amid declining spot rates for capesizes and panamaxes.
