Spot rates for panamax bulkers rose on Wednesday as China looks to Indonesia for more coal amid a wintry disruption to hydropower and a Covid-19 spike in Mongolia.
Average weighted time charter equivalent earnings for the bulker class improved 4.5% in one day to $12,718 per day, continuing an upward momentum that began at $10,488 per day on 11 November, according to Baltic Exchange assessments.
