SSY Dry Market Briefing – Ultramax Premium

In the year so far, the Supramax (63k dwt) TC average has been above the Panamax (82.5k dwt) equivalent 74% of the time. This discrepancy is amplified when we look at Atlantic earnings: The implied Supramax Atlantic round voyage (i.e. an average of S4A and S4B routes) has averaged $16,397/day in the year-to-date, a premium of $2,959 to the Panamax Atlantic round voyage, with the premium widening to $4,808/day in October.