Spot rates for capesize bulkers took another nice jump on Friday after surpassing average earnings of $50,000 per day for the first time in more than a decade.
The capesize 5TC, a spot-rate average weighted across five key routes, gained $986 per day since Thursday to reach $51,099 per day, according to the Baltic Exchange.
It has stayed above $50,000 per day since hitting $50,078 per day on Monday and $51,472 per day on Tuesday before cooling off to $50,922 per day on Wednesday.
Supramax spot rates are also keeping up positive momentum that has been steady for more than a month.
The supramax 10TC improved $360 per day to reach $38,169 per day on Friday.
Jiangsu Ocean Shipping on Tuesday fixed the 58,764-dwt Josco Changzhou (built 2011) on a spot voyage to carry fertilisers from Pakistan to Bangladesh at $48,000 per day, according to Baltic Exchange.
"We have seen positive gains in many regions this week," Baltic Exchange said in its weekly wrap-up on the dry bulk market.
The panamax 5TC fell $332 per day to $34,870 per day, but Far East Horizon still fixed the 82,024-dwt Ocean Time (built 2019) at $34,000 per day for six to nine months from Indonesia.
Panamax spot rates had been seeing steady improvement as well, improving 18% since 30 July to $35,202 per day on Thursday.
Handysize spot rates also slipped on Friday after months of steady gains.
The handysize 5TC lost $92 per day to come in at $34,152 per day after improving 75% to $31,452 per day on Friday from $17,988 per day on 15 April.
