According to the Baltic Exchange, ED&F Man Shipping fixed the 56,867-dwt Star Globe (built 2010) for up to four months at a rate of around $10,000 per day.

Observers say this is in line with the current market average and claim the price represents a premium when compared to levels seen in the spot market, which is where the unit had been trading prior to the time charter with the UK-based commodities trader.

Earlier