The spot market for panamax bulkers is still awaiting its seasonal upturn, as a general lack of industrial activity holds back recovery and sits on sentiment.
China is on holiday for its Golden Week celebration, which has halted some demand and chartering activity since last week.
Shipfix analyst Ulf Bergman said in a daily market report on Wednesday: “The absence of many Chinese buyers during the celebrations will weigh on trading and cargo order volumes during the coming week.”
