A newcastlemax bulker owned by Quintana Ship Management of Greece has been locked into a new period charter amid continued optimism in the dry cargo market.

SwissMarine has taken the 206,600-dwt Q Gayle (built 2011) at at indexed rate for nine to 12 months, the Baltic Exchange reports today.

The fixture report came as capesize rate improvements continued to lift the Baltic Dry Index from its winter slumber and in the same week as the strongest one-year capesize time charter since 2015 was recorded.

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