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Supramax earnings surge to 11-year high

From grains to bauxite, cargo demand keeps supramax ships busy while freight rates climb to the highest level in almost a decade

The tightness and lack of vessel availability in the containership market, which is pushing certain products such as bagged grains, scrap and general cargo to the smaller dry bulk asset classes, is supportive of dry bulk spot rates, especially supramaxes

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