Supramax spot rates hit $20,000 for the first time in a decade, handies smash records

Supramax rates have sky rocketed by more than 40% in the last week, crossing the $20,000 a day mark for the first time in a decade while handysizes have recorded 31 consecutive days of improving rates. Supramax rates on the Baltic Exchange have shown “magnificent” gains on all routes, Norwegian broker Fearnleys noted in a …

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