Greek-Cypriot owner Polys Hajioannou predicted five months ago that towards the end of 2021 charterers would be looking to fix bulkers for at least three years. His forecast is beginning to look accurate.

Safe Bulkers, the US-listed company he heads, announced late on Monday that it had concluded a period time charter for a minimum three years for an 181,000-dwt capesize it bought in early August.