The supramax bulker market reached a 10-month high on Thursday as the supply remained tight against high demand in the Black and Mediterranean seas, according to brokers.

The Baltic Exchange’s Supramax 10TC gained 2% in a day to reach more than $14,900 per day, the highest point for the route basket in more than 10 months, when it came in at $14,600 per day on 2 November.