Average spot rates for supramax and handysize bulkers rose on Wednesday to continue a steady ascent that began in early August.

The Baltic Exchange’s Supramax 10TC basket of spot-rate averages across five key routes edged up 2.8% to top $11,400 per day on Wednesday, hitting its highest point since late May and improving 51% since 7 August.

“Positive sentiment remained in most areas today,” Baltic Exchange analysts wrote on Wednesday in their daily take on the dry bulk market.