A weak paper market next year means owners are reluctant to seek fixed period deals for their ships. An undisclosed industrial charterer has taken the 179,000-dwt Athenian Phoenix (built 2009) for two years at an index-related rate plus 9%.
The spot market for panamaxes dropped $700 per day over the past week to reach $8,400 per day on Wednesday, while supramax rates climbed $300 per day to $,9,400 per day.
