Earnings for a voyage from the region to Europe have gained 29% since the low hit last month
Supramax and ultramax bulker rates for lifting cargoes along the US Gulf Coast are rebounding thanks to lower vessel availability and growing coal exports, despite slumping spot market earnings in other Atlantic markets and beyond.
Baltic Exchange data shows that the rate for a journey from the region to Europe on a 58,200-dwt supramax could fetch nearly $29,600 per day on Thursday.
That represents a 29% increase since rates on the route reached a nadir of just below $22,900 per day on 28 June.
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