Midsize bulkers have seen a flurry of period fixtures of at least a year at rates well above the spot market.
Three panamaxes, including two kamsarmaxes, were hired on 12 to 15-month time charters on Friday and an ultramax was fixed on Monday, according to the Baltic Exchange.
On Friday, Athena Shipping chartered Nisshin Shipping’s 82,300-dwt kamsarmax Sunrise Trader (built 2023) for one year at 117.5%
