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High cape rates to help panamax bulker demand

Average time charter capesize earnings have reached $25,000 per day, a level that may encourage splitting of cargoes, says consultancy Maritime Strategies International — boosting demand for panamax vessels that are trading at half the price

With soaring capesize earnings north of $25,000 per day, the dry bulk market may see more splitting of ore cargoes onto panamaxes, which are trading at about $12,000 per day

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