Two panamax bulkers have fetched one-year time charters at daily rates that reflect sliding period rates in the sector.

Torvald Klaveness on Monday chartered Fortune Ocean Shipping’s 81,800-dwt Xing Shun Hai (built 2018) at $16,500 per day, according to data from the Baltic Exchange.

The Norwegian operator will take delivery of the kamsarmax on Wednesday in Chiwan, China, and can redeliver it anywhere in the world.