On Tuesday tonnage trading in the spot market was seeing daily levels of around $9,993, which is 14.5% higher than the average logged a day ago.
While this is only marginally above where they need to be for most owners to break even forecasters note today’s rates represent a two-week high.
In a client briefing Benjamin Nolan, an equity analyst at Stifel, also pointed out that daily levels have been on the rise for three straight days.
“Although,
