Handysize rates continued their steady improvement on Tuesday while other asset classes across the dry bulk sector saw declines in the market.

The Baltic Handysize Index edged up 2 points to 430 while the weighted time charter equivalent (TCE) average gained $31 to $7,736 per day.

Handysize rates have headed upward since 17 February from 290 points and $5,221 per day on a TCE basis.