Day rates for tonnage trading in the spot market continued to gain traction Monday and many are hopeful levels will surpass today’s $6,659 average.
In a note to clients an analyst at Commodore Research attributed the rally seen last week to a surge in demand for bulkers to export thermal coal to India.
Jeffrey Landsberg said 16 vessels cashed in on the action, which represents a level of activity that has not been seen in the spot market since March of 2013.
“Indian
