Panamax rates have picked up in the past couple of days, contrasting the overall dry bulk market's downward trend.

The Baltic Exchange Panamax Index (BPI) has risen 828 points over the past two days to 7,277 Thursday, following a four-week fall from 12,730.

The 90-to-105-day Hong Kong-to-South Korea leg has jumped 1,003 points to 4,885 while the 30-to-35-day roundtrip Hong Kong voyage has risen 565 points to 10,360.