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- Pacific Supramax rates climb back above opex (28 Nov 2022)
Far East Supramaxes launched a recovery of sorts in the final days of the week, leaving NoPac rounds as much as US$ 1,500 higher than they started the week and average rates (basis N.China delivery) in the middle US$ 8,000s daily range versus the middle US$ 7,000s range they were trading in just a week before. With owners still pushing to get rates above OPEX (operating costs) as soon as possible, charterers are putting up less resistance to any offers of upgraded rates. Indo rounds have been heard to be securing as much as US$ 12,000. Far East Handysize freights have been stable of late (unlike their Atlantic counterparts) with the southbound rates to Southeast Asia still circa US$ 10,500. For exclusive news and updates about dry bulk shipbroking, subscribe to the BMTI Daily Report.
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New buoyancy in eastern Supramaxes ⚓ #dailysnippet #drycargo #Pacific #maritime #drybulk #opex https://www.bmti-report.com/pacific-supramax-rates-climb-back-above-opex/
