Atlantic Ultramaxes are buoyed by the success of the USG delivery business with front hauls pushing steadily toward US$ 25,000 daily on modern tonnage of 63,500 dwt bound for the Far East. Spot rates for Black Sea front hauls have also climbed over US$ 20,000 daily for the first time this month and shipowners believe there is still plenty more upside to potential go. Handysize vessels have also been faring well in the Atlantic with positive movement in rates from NCSA to the Continent moving into the US$ 15,000s on tonnage of 38-42,000 dwt. Inter-Pacific Handysizes continue to trade in the US$ 14,000s.
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