A spot fixture for a load of Russian coal to China is said to be fetching an eye-watering rate for capesize bulkers.

According to broking sources, a European commodity trader has agreed to spend $170,000 per day to fix a Greek-controlled bulker.

The ship is said to be the 177,900-dwt Transworld Navigator (built 2010), a vessel managed by Stealth Maritime, a company founded by Nikolaos Vafias.

The identity of the charterer and the exact details of the voyage remain unknown.