Classic has taken the 180,300-dwt Heroic (built 2010) on an 11 to 14 month deal, the Baltic Exchange reports.

It is suggested the contract is worth $18,750 daily.

The vessel is one of two capes in the 13-strong fleet of CM Lemos company Nereus Shipping.

The fixture comes on a second day of falls for the Baltic Capesize Index and during a week in which Fearnleys described the capesize market as being “dull and without direction”.

“Cargo