Bulker futures moved higher on Thursday even though most segments of the dry bulk spot market dipped to their lowest level in five months.

Forward freight agreement (FFA) data from Braemar Atlantic Securities showed increases for capesizes, panamaxes and supramaxes for August contracts, as well as for the final two quarters of this year and for full-year 2023.

Financially speaking, there’s a group of shipowners who’ve scrubbed up well
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Supramaxes led the charge, with FFAs for August jumping 10.4%