PANAMAX DRY bulk freight rates have declined over the past two weeks, with average time charter earnings falling from $20,500/day to $18,300/day, although this sector is now beginning to show some upward momentum. Average supramax earnings have lost $1,500 over the past two weeks to slip below $20,000/day, while handysize earnings have remained relatively stable at $13,700/day compared to $13,200/day two weeks ago.
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