Weekly Dry Time Charter Estimates, June 07 2017
The market has been hampered this week with a continued decline in freight rates attributed to holidays, monsoon seasons and now an escalating diplomatic dispute in the Middle East. Cape rates have fallen to around $12,500/pdpr for short period and $14,000/pdpr for 1 year.
The Panamax market is achieving similar levels to Panamax at $9,250/pdpr for Atlantic delivery and $7,750/pdpr in the East.
With little activity in the Handy market, the rates remain at the same levels.