S&P Frenzy supercharged by Handy / Supramax rates environment

Amidst the rapidly improving sentiment for the whole dry bulk shipping market, February witnessed multi-year record breaking performance for the smaller asset classes of Supramax and Handysize bulkers. BSI 10TC routes broke the US$20,000/d mark for the first time in a decade (rising nearly US$8,000/d since Feb 1st), while in the Handysize sector, the BHSI broke last week the 1,000 points mark for the first time since Oct 2010, when a smaller Handy of 28k dwt served as benchmark instead of the 38k dwt currently.