SwissMarine has chartered the 169,000-dwt Navios Stellar (built 2009) on a six to nine month contract, the Baltic Exchange reports today.

A rate of $20,000 daily has been placed on the deal, which is almost double the present spot market level.

The charter came to light at the end of a week in which capsize spot rates have improved by a fraction to $11,000 daily.

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