SwissMarine has today taken Aeolian Investments’ 178,000-dwt Pontotriton (built 2007) on an 11 to 13 month contact, according to the Baltic Exchange.

A rate of $25,000 daily for the period compares with the $11,000 daily available in the spot market today.

Falls in the capesize market, coupled with declines in the smaller asset classes, left the Baltic Dry Index delicately balanced just above 1,000 points.